Moon Five Technologies has been awarded a $3.4 million grant from the California Energy Commission (CEC) under the REACH 3.0 program to support the development and deployment of over 450 charging units across Los Angeles and San Francisco.
The grant will be matched by a private investor, as well.
The company, a clean energy startup building renter-first EV charging solutions, will utilize the funds to build the chargers in pre-selected multifamily properties, with a priority on communities most affected by climate change, air pollution, and systemic lack of infrastructure investment.
The program includes partnerships with Los Angeles and Bay Area-based nonprofit housing providers.
Moon Five’s business model leverages “Right to Charge” legislation, enabling tenants in multi-unit buildings to request and install personal EV chargers. The company’s plug-and-play units are installed downstream of tenants’ existing meters, monitoring the flow of power to the apartment and using available capacity to charge the vehicle.
The process takes as little as two weeks, avoiding utility involvement and thereby added costs and prolonged permitting and installation bottlenecks.
“EV charging has never really been built for renters until now,” said Stephan Ng, CEO of Moon Five Technologies, in a statement. “Our unique model puts renters first, making it possible to install reliable, affordable charging without costly upgrades or utility delays. This grant allows us to bring that vision to life in communities that have historically been excluded from clean transportation infrastructure, while delivering on our mission to make equitable, resilient EV charging a reality for every renter.”
Read more here.
