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ABB invests $10M in ECOtality

Green Car Congress

Net proceeds of the $10 million equity investment from ABB will be utilized by ECOtality as working capital to support the continuing requirements of the EV Project and will provide the Company with necessary funding to meet its anticipated expansion as a leader in electric vehicle (EV) charging infrastructure.

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ECOtality Wins $2.87M in Bay Area contracts, expands EV Project to the San Francisco Bay Area

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ECOtality will also implement a DC Fast Charger Program, from a $614,800 Air District award, that will allow the Company to install 20 Blink DC Fast Chargers, out of the 30 total chargers installed throughout the program. The project is funded by the us Department of Energy through a federal stimulus grant of $114.8