FreeWire Technologies announced a clever new Accelerate Program that essentially installs and manages its EV charger technology at no cost to businesses, making profits elsewhere while speeding up the adoption rate on new installations. The program’s first business to sign up is surprising but encouraging.
Essentially, FreeWire is paying businesses like Chevron, the first company to sign up for the Accelerate Program, for use of its property to install its charger technology. FreeWire, in turn, operates and maintains the equipment and takes the profits from EV charging sessions.