XCharge North America Debuts Virtual Point of Sale to Enhance EV Charging Experience

Rhea-AI Summary

XCharge North America has launched its first Virtual Point of Sale (VPOS) solution for EV charging systems, following their recent GridLink launch. The integrated payment system comes pre-installed with new XCharge systems and is available to existing customers via remote update.

The VPOS solution features:

• Payment processing through Stripe platform
• Support for Apple Pay, Google Wallet, and standard cards
• Dynamic on-screen QR code for enhanced security
• Optional pin code to secure charging sessions
• Real-time charging metrics and transaction logging
• Remote monitoring and diagnostics capabilities

The system requires no app installation and is designed to streamline the EV charging experience while preventing fraud through its dynamic QR code system. The solution will be demonstrated at the EV Charging Summit & Expo in Las Vegas on March 25-27.

Positive

• Introduction of new revenue stream through integrated payment processing
• Enhanced security features reduce fraud risk
• Remote update capability reduces maintenance costs
• Vertical integration improves operational efficiency

Negative

• Dependence on third-party payment processor (Stripe)
• Additional transaction fees may impact margins

Insights

Technology Product Analyst

XCharge North America's new Virtual Point of Sale (VPOS) system represents a strategic enhancement to their EV charging infrastructure. By integrating payment processing directly into charging stations, XCharge addresses a key friction point in the customer experience while potentially opening new revenue opportunities through transaction processing.

The VPOS system offers several technical advantages:

• No app requirement, reducing user adoption barriers
• Support for multiple payment methods (Apple Pay, Google Wallet, standard cards)
• Dynamic QR code technology for enhanced security
• Remote monitoring capabilities that minimize maintenance requirements

What's particularly noteworthy is the deployment strategy - pre-installed on new systems and available via remote update to existing customers. This demonstrates software infrastructure maturity that could accelerate feature deployment compared to hardware-focused competitors.

Coming shortly after their GridLink launch, this release suggests XCharge is executing on a cohesive product roadmap to strengthen their market position. For a $73.8M market cap company in the competitive EV infrastructure space, such product innovations are essential for differentiation.

However, the announcement lacks specific metrics about installed base size, expected transaction volumes, or revenue projections, making it difficult to quantify the financial impact. While this enhancement improves XCharge's competitive positioning, investors should monitor adoption rates and transaction volumes to better assess long-term value creation potential.

KYLE, Texas--(BUSINESS WIRE)-- XCharge North America (“XCharge NA”), a provider of high-power EV charging and battery-integrated solutions designed to strengthen the North American electrical grid, announced the roll out of its first Virtual Point of Sale (VPOS) solution for XCharge systems. This new addition comes on the heels of the company’s recent GridLink launch, a new solution for EV charging and grid management designed exclusively for the North American grid, and reinforces the company’s commitment to delivering easy-to-use, streamlined EV charging solutions for customers.

XCharge North America debuts Virtual Point of Sale solution featuring dynamic, on-screen QR Code capability. (Photo: Business Wire)

XCharge NA’s integrated payment system, designed with seamlessness and security in mind, comes pre-installed and shipped with every new XCharge system. The product, available to existing customers via a secure and remote update (no plug-in needed), will manage payments through industry-trusted platform Stripe for a simple and convenient charging experience. In lockstep with consumers' evolving payment preferences, VPOS, which does not require an app, offers payment via Apple Pay, Google Wallet, and standard card processing to promote convenience and flexibility. Unique to other EV charging systems on the market, XCharge NA’s VPOS utilizes a dynamic on-screen QR code for added security.

Additional features include:

• On-screen QR Code that dynamically updates to prevent phishing and fraud.
• Optional pin code to secure the charging session to prevent interruptions.
• Real-time charging metrics, full data logging, and a register of transactions.
• Remote monitoring and diagnostics, enabling full issue resolution with XCharge hardware without the need for physical intervention.
• Vertical integration with XCharge hardware and aftersales teams to optimize functionality and support.

“At its core, XCharge NA was founded to make EV charging infrastructure more accessible for customers of all kinds—ranging from individual business owners to fleets—and provide products to help them stay on the cutting edge of technology,” said President and Co-founder of XCharge NA, Aatish Patel. “VPOS is not just a first-of-its-kind solution, it’s the result of what we can accomplish when we listen to our customers' needs and deliver innovative solutions that meet market demand.”

For more information on VPOS, visit xcharge.us/product/vpos, email sales@xcharge.us, or stop by booth 447 at the EV Charging Summit & Expo in Las Vegas on March 25-27 for a live demo with the XCharge NA team.

About XCharge North America
XCharge North America (XCharge NA) specializes in high-power EV charging and battery-integrated solutions tailored to the North American electrical grid. With solutions that store energy, improve grid resilience, and create new revenue streams, XCharge NA is the first scalable open-access EV charging solution designed to strengthen the country’s electrical grid and broader energy infrastructure while providing charging solutions for EVs from individual to fleet.

About XCharge
XCharge (NASDAQ: XCH), founded in 2015, is a global leader in integrated EV charging solutions. The company offers comprehensive EV charging solutions, which primarily include the DC fast chargers and the advanced battery-integrated DC fast chargers as well as its accompanying services. Through the combination of XCharge’s proprietary charging technology, energy storage system technology and accompanying services, the company enhances EV charging efficiency and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working toward establishing a global green future that is critical to long-term growth and development.

Safe harbor statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and the company does not undertake any duty to update such information, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250311920349/en/

XCharge North America: Alex Urist, Vice President

alex.urist@xcharge.us

Media: Katie Jacobs, Quarter Horse PR

xcharge-na@qh-pr.com

Source: XCharge North America

FAQ

What are the key features of XCharge NA's new VPOS payment system?

The VPOS system includes Stripe payment processing, Apple Pay/Google Wallet support, dynamic QR codes for security, pin code protection, real-time metrics, and remote diagnostics.

How can existing XCharge customers access the new VPOS system?

Existing customers can receive the VPOS system through a secure remote update, with no physical plug-in required.

What payment methods does XCharge NA's VPOS system accept?

The system accepts Apple Pay, Google Wallet, and standard card payments without requiring a dedicated app.

What security features are included in XCharge NA's VPOS solution?

The VPOS includes dynamic on-screen QR codes to prevent phishing and fraud, plus optional pin codes to secure charging sessions.