Uber's $100 Million Charging Bet Is More Than Just About EVs
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Uber's $100 Million Charging Bet Is More Than Just About EVs
"Uber will invest $100 million to build out public fast-charging stations across the U.S. and Europe, the company said Wednesday. The move aims to provide a backbone for its rapidly expanding autonomous vehicle (AV) ambitions, which now span the globe and include more than 20 partnerships. Now the company is turning to an absolutely essential piece of the puzzle: charging. Uber is partnering with private charging networks to build the stations, offering them minimum utilization guarantees."
"The company plans to roll out roughly 1,000 DC fast-charging stations through a patchwork of regional partnerships. In the U.S., Uber has teamed up with EVgo to build stations in New York, Los Angeles, Boston and San Francisco. In London, installations will be handled by Hubber and Ionity. In Paris and Madrid, Electra will lead deployment. Uber also maintains an ongoing partnership with Revel in New York City."
Uber will invest $100 million to build roughly 1,000 public DC fast-charging stations across the U.S. and Europe. The rollout will rely on regional partnerships with networks including EVgo, Hubber, Ionity, Electra and Revel, with installations prioritized in high-traffic cities and Uber's robotaxi depots. Uber will offer charging partners minimum utilization guarantees to justify the millions in upfront capital required for fast-charging infrastructure. Initial Uber-developed and managed sites will open in the Bay Area, Los Angeles and Dallas before expanding. The charging backbone is intended to support Uber's global autonomous vehicle partnerships across ride-hail, delivery and freight.
Read at insideevs.com
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