Forward-thinking businesses know there are plenty of reasons to invest in electric vehicle charging—from increasing revenue to retaining employees and tenants to fighting climate change. To make EV charging more accessible, Hypercharge has developed charger ownership models to suit a variety of goals, budgets, and capacities. Read on to discover the right solution for owning EV charging stations at your business.
Direct Purchase of EV Charging Equipment
What is it?
Direct purchase is an upfront investment in EV charging through the outright purchase of charging equipment. Charging stations are connected to electrical infrastructure and operated via Hypercharge’s highly secure network and Cloud Platform. We work closely with you to design, plan, and install your charging operation, and provide dependable maintenance and 24/7 technical support. If you charge fees to drivers to use your stations, that entire revenue is yours to keep.
What are the benefits?
With a direct purchase model, you have full ownership and control over every aspect of your charging operation. You determine the usage policies, set charging prices, and receive all revenue. As well, Hypercharge’s charging hardware and Cloud Platform use the Open Charge Point Protocol (OCPP) which means our hardware and software can operate on any EV charging network that’s OCPP compliant.
Who’s it for?
irect purchase is best suited to those that want to invest in the long term future of electrifying transportation by investing in hardware and generated revenue from charging costs. As an added bonus, there are government and utility-funded incentives designed to cover a percentage of the purchase cost, including rebates, grants, and tax credits, which almost always require ownership of the charging equipment.
Leasing EV Charging Stations
What is it?
If you need a greater reduction in start-up costs than incentives can provide, consider leasing your charging equipment from Hypercharge. During the period of your lease, you’ll retain total control of your charging operation and still keep all of the revenue from driver charging fees.
What are the benefits?
Leasing spreads the cost of the stations over time, typically a term of five to seven years. Just like with a vehicle lease, at the end of this period you’ll have an opportunity to upgrade your charging equipment before signing a new lease, taking advantage of the latest, greatest, and fastest technology available.
Who’s it for?
Leasing is for businesses that want to spread the cost of acquiring EV charging on their properties but still keep 100% of the revenue from driver charging fees.
EV Charging as a Service (CaaS)
What is it?
Charging as a Service allows you to offer EV charging as an amenity for employees, visitors, and guests at reduced expense by sharing both costs and revenue with Hypercharge. As with our other ownership models, you invest in the underlying electrical infrastructure, which will remain your asset for the life of the property, and Hypercharge installs the charging equipment on site for free, managing and retaining ownership of it. Your business and Hypercharge share the revenue earned from charging fees.
What are the benefits?
You don’t need to go all-in to give your business a boost through EV charging. In addition to creating a shared revenue stream, you can attract customers, offer a highly-valued benefit to employees or tenants, and brand your business as environmentally conscious—while minimizing both upfront and ongoing costs.
Who’s it for?
Charging as a Service is perfect for businesses that don’t wish to undertake the full investment or responsibility of a charging operation but still want to pioneer the future of transportation and make money at the same time.
Rent Space to Hypercharge
What is it?
In this variation on Charging as a Service, Hypercharge rents one or more parking spaces on your property, installing a charging station in each space. Hypercharge operates and maintains the chargers and receives all revenue derived from them.
What are the benefits?
Hypercharge is a reliable, property-enhancing tenant that provides your business with a steady rental income. Hosting a charging operation also supports your community by bringing customers to nearby businesses and expanding the local EV charging network—an essential part of the fight against global warming.
Who’s it for?
Choose our rental option if you wish to generate additional income from your property and support electric vehicle adoption within your community without investing directly in a charging operation.
Partnering with Hypercharge
Hypercharge can help you determine the right ownership model to ensure your EV charging success. We’ll make recommendations based on available incentives, your business strategies and revenue goals, site capabilities, and other considerations. We take the long view, designing infrastructure that will allow you to expand your operations over time without costly upgrades. Contact us today to learn more about how we can turn your ambitions for EV charging into reality.