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Decarbonization Plus Acquisition Corporation II (DCRN) has announced a second amendment to its SEC registration statement regarding its business combination with Tritium DCFC Limited. This amendment follows comments from the SEC and is part of DCRN's plan to merge with Tritium, a developer of DC fast chargers for electric vehicles. The initial registration statement was filed on September 24, 2021. DCRN aims to facilitate significant investment in low-carbon technologies.
Tritium has opened a state-of-the-art compliance testing facility in Brisbane, Australia, to expedite the testing and certification of its DC fast chargers for electric vehicles. This facility features one of the world's highest power electromagnetic compatibility (EMC) testing chambers, enabling efficient product development and compliance with global standards. With capabilities to test charging systems under extreme temperatures, Tritium aims to meet the increasing demand for higher-powered DC fast chargers as the EV market grows. The facility enhances Tritium's innovation and market competitiveness.
Tritium Holdings has partnered with EVCS to expand electric vehicle charging infrastructure in California, Oregon, and Washington. EVCS will purchase over 400 Tritium fast chargers, increasing its fleet to more than 1,500 chargers, with a focus on DC fast charging. This partnership aims to alleviate range anxiety for EV drivers and capitalize on state incentives promoting EV technology adoption. Notably, Tritium recorded orders of approximately
Decarbonization Plus Acquisition Corporation II (DCRN) announced the filing of a first amendment to its registration statement with the SEC regarding the business combination with Tritium DCFC Limited. This amendment addresses SEC comments and updates the preliminary proxy statement. Tritium, based in Brisbane, develops and manufactures DC fast chargers for electric vehicles. The business combination aims to advance low-carbon investments and will allow Tritium to expand its market presence. Investors are encouraged to review the registration documents for comprehensive details.
Tritium has been awarded the title of Chargepoint Manufacturer of the Year at the Electric Vehicle Innovation & Excellence (EVIE) Awards. The company has launched several products, including the Modular Scalable Charging platform, achieving record demand and the largest order backlog in its history. Tritium's liquid cooling technology was praised by the award judges. Notable milestones include the largest universal fast charging station in the U.S. and the UK's largest high-power motorway charging site. The company is on track to complete a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW, DCRNU) in late 2021 or early 2022.
Tritium Holdings, a leader in DC fast chargers for electric vehicles, announced record results for Q3 2021, with orders reaching $55 million, up 31% from projections. Their backlog also surged to $78 million, an increase of 333% year-over-year. Production hit a record $22 million, reflecting a 64% rise from the previous quarter. The company plans to meet rising demand by expanding production capacity in the U.S. and Europe. Tritium's partnership with Decarbonization Plus Acquisition Corporation II (DCRN) is expected to finalize by early 2022, further enhancing its market presence.
Tritium has partnered with ChargeNet to install fast DC chargers at Taco Bell locations in South San Francisco. This initiative aims to enhance EV charging infrastructure as the U.S. anticipates reaching 35 million EVs by 2030. The project utilizes funding from California's CALeVIP and SGIP programs, allowing Diversified Restaurant Group to install chargers without upfront costs while sharing revenue. With Tritium's 75kW chargers, customers can gain up to 46 miles of range in 10 minutes, and the system incorporates solar energy to reduce costs.
Tritium Holdings has launched a new office in Singapore, marking its strategic entry into the Asia-Pacific market for electric vehicle (EV) charging solutions. This move aims to enhance its presence and align with growing demand for EV infrastructure in the region. The new office will be spearheaded by Ravi Vaidya, recently appointed Vice President of Sales for APAC and the Middle East. Tritium has also secured an AUD$40 million investment from Cigna Investments to scale operations, with Singapore serving as the initial expansion phase.
