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Charge Enterprises Inc - CRGE STOCK NEWS

Welcome to our dedicated page for Charge Enterprises news (Ticker: CRGE), a resource for investors and traders seeking the latest updates and insights on Charge Enterprises stock.

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.

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Charge Enterprises Inc. (OTC PINK: CRGE) announced a partnership with the Mubadala Silicon Valley Classic, marking the 50th anniversary of the women's tennis tournament, held from August 2-8, 2021. This collaboration allows visitors to charge devices using Charge's new Powerbank technology, enhancing their experience at the event. Powerbanks will be accessible throughout the venue, enabling easy charging via the Charge App. Charge's infrastructure division expands its offerings with this innovative solution for mobile device powering.

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Charge Enterprises Inc. (OTC PINK:CRGE) updated shareholders on key developments over the past 60 days, emphasizing strategic progress in various sectors. Notable advances include integration with ANS for enhanced EV and telecom solutions, the hiring of Mark LaNeve as Chief Business Officer to drive EVC infrastructure strategy, and the launch of the 'Charge Powerbank' service for mobile device charging. Additionally, Charge has applied to list its stock on the Nasdaq Capital Market, aiming to increase visibility and liquidity. The company is committed to ongoing growth and stakeholder value.

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Charge Enterprises, Inc. (OTC PINK:CRGE) will present live at VirtualInvestorConferences.com on July 8, 2021, at 10:30 AM EDT. CEO Andrew Fox invites investors for a real-time interactive session to ask questions. An archived webcast will be available post-event. Investors are encouraged to pre-register. Recent highlights include launching the 'Charge Powerbank' service, investing in Connected Kerb, and applying for Nasdaq uplisting. Charge operates in telecom, infrastructure, and investment sectors.

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Charge Enterprises Inc. (OTC PINK:CRGE) will present at the Singular Research Summer Solstice Webinar on June 24, 2021, at 1:45 PM ET. Founder and CEO Andrew Fox will lead the presentation. Charge focuses on telecom network infrastructure and services, offering solutions including UCaaS and EV charging. The company operates through three main divisions: Charge Communications, Charge Infrastructure, and Charge Investment. Singular Research specializes in independent research on small-to-microcap companies and has a strong track record of performance.

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Charge Enterprises Inc. (OTC PINK: CRGE) announced the launch of its Charge Powerbank service, providing businesses with no-cost access to flexible on-site kiosks for mobile device charging. This initiative aims to enhance customer experiences in venues like restaurants and bars, minimizing disruptions caused by low battery levels. Venue operators can easily request a Powerbank station, which Charge will manage and maintain at no cost. This service aligns with Charge Enterprises' broader strategy to connect people with essential charging infrastructure.

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Charge Enterprises Inc (OTC PINK:CRGE) announced a strategic investment in Connected Kerb, a UK-based provider of sustainable EV charging solutions. This investment grants Charge a 3-year exclusive right of first refusal for future installations in North America. The partnership aims to enhance Charge's electric charging infrastructure, focusing on on-street residential and long-dwell destination charging. Both companies are committed to accelerating the transition to sustainable electric transportation, addressing the needs of public sectors, developers, and fleet operators.

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Charge Enterprises (OTC PINK: CRGE) will present at the LD Micro Invitational XI on June 8, 2021, at 3:30 PM ET. Founder and CEO Andrew Fox will lead the presentation. Charge operates in three divisions: Infrastructure, focusing on EV and telecom network infrastructure; Communications, specializing in connected calls; and Investment, targeting opportunistic investments in telecom and EV businesses. With annual revenues exceeding $500 million and activities in 19 countries, Charge aims to enhance stakeholder value through innovative connections.

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Charge Enterprises Inc. (OTC PINK:CRGE) has appointed Mark LaNeve as Chief Business Officer, effective immediately. LaNeve brings extensive automotive sales and marketing experience from industry giants like Ford and General Motors. His new role focuses on leading Charge's EV infrastructure and charging strategy, enhancing marketing, sales operations, and partnerships. With a background in digital communications and product launches, he aims to position Charge as a leader in the rapidly growing EV market. Charge operates in telecom network infrastructure, EV charging solutions, and opportunistic investments.

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Charge Enterprises, Inc. (OTC PINK:CRGE) announced its application for listing on the Nasdaq Capital Market. This move is subject to Nasdaq's review and approval, with the stock continuing to trade on OTC during this period. CEO Andrew Fox highlighted that the listing aims to enhance visibility, trading liquidity, and shareholder value. Charge operates through three divisions: Charge Communications, Charge Infrastructure, and Charge Investment, focusing on telecom network infrastructure and EV charging solutions.

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Charge Enterprises Inc. (OTC PINK:CRGE) reported significant developments in its recent shareholder update. The company achieved over $110 million in revenue for Q1 2021. A key highlight is the acquisition of Advanced Network Services (ANS), enhancing its infrastructure capabilities in 5G and EV charging, funded by $16.5 million in debt financing. Additionally, Charge led an investment in Connected Kerb, focusing on smart EV charging solutions. The firm aims to uplist on a national exchange by year-end, with plans for bi-monthly shareholder updates moving forward.

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FAQ

What services does Charge Enterprises, Inc. provide?

Charge offers end-to-end project management services for electric vehicle (EV) charging, electrical, and broadband infrastructure.

What recent partnerships has Charge established?

Charge has recently partnered with major companies like Ford, Stellantis, Eaton, and Autel to drive growth and innovation.

Who is the majority equity owner of Charge following the recapitalization?

Arena Investors, LP, and its affiliates are the new majority equity owner of Charge, providing strategic, financial, and operational resources for the company.

What is Charge's strategy to scale in the EV market?

Charge plans to deploy a multi-phased strategy targeting the nation's approximately 18,000 franchised auto dealers to reach end users and capitalize on the EV revolution.

Who is the interim CEO of Charge?

Scott Haeger, a seasoned executive who previously served as Senior Operating Executive, Transformation at Quaestor Strategic Advisors, has been appointed as the interim CEO of Charge.

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