The largest privately owned parking operator in North America, LAZ Parking, has made a strategic investment in Silicon Valley-based EV charging software provider, Epic Charging.
The companies plan to deploy 50,000 Level 2 EV charging stations across LAZ’s real estate portfolio, spanning the U.S. and Canada, integrating Epic’s open-protocol Charge Point Management System (CPMS) with LAZ’s parking platform to provide an enhanced EV driving experience.
The rollout, which will include hotels, commercial and mixed-use properties, surface lots, airports, and municipal parking operations, strengthens LAZ’s “Charge Where You Park” strategy that aims to make EV charging convenient, reliable, and profitable.
“We’re doubling down on our Charge Where You Park strategy by expanding our partnership with Epic Charging, the leading EV charging software company in North America,” said Alan Lazowski, Chairman and CEO of LAZ Parking, in a statement. “Together, we’ll deliver world-class EV charging experiences while driving the future of sustainable mobility.”
Epic Charging will use the investment to move forward with developing an AI-powered energy management system called Charge OptimAIzer®. The cloud-based platform intelligently orchestrates EV charging by analyzing real-time data from vehicle telematics, charger telemetry, and utility pricing signals. As a result, it enables reduction in costs, improved reliability, and load balancing across diverse charging environments.
Michael Bakunin, CEO and Co-Founder of Epic Charging, added, “We’re excited to partner with LAZ Parking, the number one parking operator in North America. This collaboration enables us to deploy our Charge OptimAIzer® technology at scale, transforming everyday parking spaces into smart, efficient EV charging destinations.”
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