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Charge Enterprises, Inc. (CRGE) is a leading electric vehicle (EV) charging, electrical, and broadband infrastructure company based in New York. The company offers end-to-end project management services, from design and installation to monitoring and maintenance. Charge focuses on providing innovative infrastructure solutions to clients, including automotive fleet operators, real estate owners, and government entities. Recent partnerships with major players like Ford, Stellantis, Eaton, and Autel demonstrate Charge's commitment to growth and industry leadership. With approximately 62,000 charging stations in the U.S. compared to 168,000 gas stations, Charge is uniquely positioned to capitalize on the growing EV market. The recent recapitalization led by Arena Investors, LP, aims to support Charge's expansion and drive profitability. Scott Haeger, a seasoned executive, has been appointed as the interim CEO to steer Charge towards sustainable growth and success.
Arena Investors has completed the recapitalization of Charge Enterprises, a leading EV charging and broadband infrastructure company, with Arena becoming the majority owner. This move has significantly reduced Charge's indebtedness, providing a solid financial foundation for future growth. Under new leadership, Charge aims to capitalize on its market-leading EV charging infrastructure capabilities and services, with a focus on continued business expansion.
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