XCharge North America partnered with Ascentium Capital, a division of Regions Bank, to launch a new leasing program. This initiative is designed to accelerate EV charging infrastructure deployment in the U.S. by making charging equipment more affordable and profitable for small-business owners. The program offers a turnkey, affordable solution to capitalize on the growing EV charging market.
The financing structure allows lessees of the EV charging equipment to earn the full revenue, unlike Charging-as-a-Service (CaaS) models. The public DC fast charger segment is projected to grow at a 14% compound annual rate through 2040 in the U.S., generating $3.3 billion in annual market value. This program enables small businesses to enter this market without relying on federal funding or government incentives.
Modeled after a financing structure used by the automotive industry, the program offers a flexible, low-risk solution to EV charging asset management. Chargers in the program offer DC fast-charging capabilities up to 400kW and can be easily relocated between sites as needed. This initiative mitigates risk for individuals looking to enter EV charging without significant upfront capital expenditure.
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