Allego Sponsors Le Mans Road Trip from Denmark to France

Rhea-AI Summary

Allego (NYSE: ALLG) announced its sponsorship of the Le Mans 2024 Road Trip, showcasing a 1600 km electric vehicle journey from Denmark to France. The event, featuring 50 electric vehicles and an electric truck, aims to disprove concerns about long-distance EV travel and highlight Allego's charging network. The trip, with 120 participants from six countries, will save 17 tons of CO2. Key partners include Ford and Danfoss, with exclusive product previews and real-time journey tracking available online. This initiative underscores Allego's commitment to sustainable mobility and the growth of the EV market.

Positive

• Allego sponsors a high-profile event, increasing brand visibility.
• Event involves 50 EVs and an electric truck, showcasing diverse electric mobility solutions.
• 120 participants from six countries, indicating growing interest in EVs.
• Journey to save approximately 17 tons of CO2, emphasizing environmental benefits.
• Allego's extensive charging network to be exclusively used, demonstrating reliability.
• Partnership with prominent brands like Ford and Danfoss.
• Real-time tracking and live broadcasts enhance engagement.
• Event reflects Allego's commitment to sustainable business development.

Negative

• No direct financial benefits or revenue figures mentioned.
• Potential logistical challenges in coordinating a multi-country EV event.
• Dependence on successful execution to prove EV long-distance viability.

Electric Vehicle Caravan to Disprove Skeptics Who Doubt Long-Distance Journey with EVs

• The trip from Sjællandsringen, Denmark, to Le Mans, France, is 3200 km, back and forth.
• The trip includes 50 electric vehicles, including an electric truck, with approximately 120 participants from six countries.
• The trip crosses four countries and is expected to save 17 tons of CO2.

ARNHEM, Netherlands--(BUSINESS WIRE)-- Allego (NYSE: ALLG) proudly announces its sponsorship of the iconic Le Mans 2024 Road Trip. This pioneering expedition will see 50 electric cars and an electric truck embark on a historic 1600 km journey from FDM Sjællandsringen, Denmark, to the well-known 24-hour race in Le Mans, France, on June 12, 2024.

Le Mans Road Trip participant charging at Allego fast charger (Photo: Business Wire)

More and more people are investing in electric cars to replace their old vehicles. Despite the upward trend in electric transport, many still harbor concerns about their cars' range and the availability of chargers along the way. The Le Mans Road Trip challenges conventional perceptions of EV capabilities for long-distance travel. The caravan will exclusively utilize Allego's extensive charging network across four countries, highlighting the reliability and efficiency of EV charging infrastructure.

"This initiative exemplifies Allego's commitment to advancing sustainable mobility and accelerating the transition to electric transport," remarks Mathieu Bonnet, CEO of Allego. "We are happy to support this journey, which underscores the remarkable progress in electric mobility and charging infrastructure and showcases the natural capacity of EVs for long-distance travel thanks to our charging infrastructure."

GodEnergi, specialists in charging infrastructure, have organized the non-profit initiative “Klub GodEnergi,” which includes the second annual electric road trip of 1600 km to the Le Mans race. "Having been in the electric vehicle industry for many years, I have often heard the claim that electric cars cannot be used for long trips, such as vacations to southern destinations. This inspired me to disprove these skeptics, as I don't recognize the limitations they describe," says Kasper Hjorth from GodEnergi.

This marks the second consecutive year electric vehicles have embarked on the journey to Le Mans. 2024 the electric caravan saw a significant expansion, with 120 participants from six countries dispersed among 50 electric cars and trucks. This represents a near doubling of participation compared to the previous year, signaling the escalating interest in electric vehicles across both corporate and public spheres.

The lineup of participating vehicles includes a diverse range, encompassing diverse electric vehicles from renowned brands such as Audi, BMW, Fisker, Hyundai, Kia, Lotus, Mercedes, Polestar, Porsche, Skoda, Tesla, Volvo, Volkswagen, and Xpeng.

Building on their recent partnership announcement in March with Allego, Ford has joined the convoy, sending their Mustang MACH-E on the journey. Adding to the excitement, participants and media personnel will have exclusive access to the new Ford Explorer at the Hotel van der Valk in Venlo, the Netherlands, on June 13th, providing a unique opportunity to experience Ford's latest offerings firsthand.

To showcase the full potential of electric vehicles, a HeroCamper trailer will be hitched to one of the participating cars. At the same time, a 100% electric Volvo truck from Danfoss will also join the convoy on the road. The electric journey will kick off at FDM Sjællandsringen on June 12, 2024, allowing participants to warm up their batteries with a few laps on the track. The first recharge stop will be at Danfoss' headquarters in Nordborg, where the electric truck will rendezvous with the convoy. From there, the journey southward commences in earnest. Upon arrival at Le Mans, the caravan will set up camp at the 'Épinettes' area, a stone's throw away from the racetrack. Dubbed 'Camp Électrique,' the camp will be powered entirely by electricity generated from electric cars, facilitating the operation of refrigerators and electric Weber grills for meals.

Viggo Energy's calculations estimate that the trip will save approximately 17 tons of CO2 compared to conventional fossil fuel vehicles, underscoring the environmental benefits of electric transport. Viewers can visit the Klub GodEnergi website to track the journey in real time, where all teams will be monitored via GPS. Additionally, live broadcasts from the road trip will be posted on Allego’s website and social media channels.

Allego's sponsorship of the Le Mans Road Trip reflects its steadfast commitment to sustainable business development. By supporting initiatives like this, Allego continues to drive innovation and accelerate the transition to e-mobility future.

About Allego

Allego is a leading electric vehicle charging solutions provider dedicated to accelerating the transition to electric mobility with 100% renewable energy. Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including Allamo and EV Cloud platforms. With a network of 35,000 charging points (and counting) spanning 16 countries, Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Founded in 2013 and publicly listed on the NYSE in 2022, Allego now employs a team of 220 people striving daily to make charging accessible, sustainable, and enjoyable for all.

For more information, please visit www.allego.eu.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are forward-looking statements. Allego intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or phrases) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, Allego’s expectations concerning future performance. These forward-looking statements involve significant risks and uncertainties that could cause the results to differ materially and potentially adversely from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the ability of the Company to remain in compliance with NYSE listing standards and for the Company’s ordinary shares to remain listed on the NYSE, (ii) changes adversely affecting Allego’s business, (iii) the price and availability of electricity and other energy sources, (iv) the risks associated with vulnerability to industry downturns and regional or national downturns, (v) fluctuations in Allego’s revenue and operating results, (vi) unfavorable conditions or further disruptions in the capital and credit markets, (vii) Allego’s ability to generate cash, comply with existing or new debt covenants, service indebtedness and incur additional indebtedness, (viii) competition from existing and new competitors, (ix) the growth of the electric vehicle market, (x) Allego’s ability to integrate any businesses it may acquire, (xi) the agreement of various landowners to deployment of Allego charging stations, (xii) Allego’s ability to recruit and retain experienced personnel, (xiii) risks related to legal proceedings or claims, including liability claims, (xiv) Allego’s dependence on third-party contractors to provide various services, (xv) data security breaches or other network outage, (xvi) Allego’s ability to obtain additional capital on commercially reasonable terms, (xvii) Allego’s ability to remediate its material weaknesses in internal control over financial reporting, (xviii) the impact of a pandemic or other health crises, including COVID-19 related supply chain disruptions and expense increases, (xix) general economic or political conditions, including the Russia/Ukraine and Israel/Hamas conflicts or increased trade restrictions between the United States, Russia, China and other countries, and (xx) other factors detailed under the section entitled “Risk Factors” in Allego’s filings with the Securities and Exchange Commission. The preceding list of factors is not exclusive. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego does not know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans, or forecasts of future events and views as of the date of this press release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego expressly disclaims any obligation to do so unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date after the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240607092442/en/

Allego Contacts:



Investors

investors@allego.eu



Media

press@allego.eu

Source: Allego

FAQ

What is the distance covered by the Le Mans 2024 Road Trip sponsored by Allego?

The trip covers a 1600 km journey from Denmark to France, totaling 3200 km back and forth.

How many electric vehicles are participating in the Allego-sponsored Le Mans Road Trip?

The trip includes 50 electric vehicles and an electric truck.

What is the environmental impact of the Allego-sponsored Le Mans Road Trip?

The journey is expected to save approximately 17 tons of CO2 emissions.

Which countries will the Allego-sponsored electric caravan cross?

The caravan will travel through Denmark, Germany, the Netherlands, and France.

What brands are participating in the Le Mans 2024 Road Trip?

Brands include Audi, BMW, Fisker, Hyundai, Kia, Lotus, Mercedes, Polestar, Porsche, Skoda, Tesla, Volvo, Volkswagen, Xpeng, and Ford.

When does the Allego-sponsored Le Mans Road Trip start?

The journey begins on June 12, 2024.

Where can I track the progress of the Le Mans 2024 Road Trip?

Progress can be tracked in real-time on the Klub GodEnergi website, Allego's website, and social media channels.