Power infrastructure provider Southwire Company LLC has announced a strategic investment in OrangeĀ Charger,Ā a companyĀ specializingĀ in right-size EV charging solutions for multifamily housing units.Ā
The companies plan to combine Southwireās expertise in power distribution and installation solutions with Orangeās purpose-built charging platform to create streamlined installation packages and material bundles that make multifamily EV charger deployments less complicated and expensive.Ā
Through their partnership, Southwire and Orange Charger aim to speed up nationwide deployments and make the path to offering reliable EV charging easier for properties by avoiding unnecessary infrastructure upgrades.Ā
One of the biggest barriers to EV adoption is ensuring renters have access to affordable and dependable home charging options. Orangeās hardware and software platform reduces installation costs by up to 70%, with no ongoing software or networking fees.Ā
Orangeās propriety mesh network and edge-compute platform,Ā OrangeNet, delivers 98%+ successful charge sessions without relying on managed Wi-Fi or LTE extendersāeven in challenging environments like underground garages.Ā
“This partnership brings more than capital; it brings a true strategic ally,” said Neil Joseph, CEO of Orange Charger, in aĀ statement. “Southwire’s scale and expertise will help us streamline installations, reduce deployment costs through integrated material packages and accelerate joint product development that will continue to simplify charging for multifamily owners and EV drivers. With Southwire also joining as a board observer,Ā we’reĀ gaining a partner aligned and committed to our long-term strategy. We’re excited to continue expanding access to reliable and affordable EV charging across communities nationwide.”Ā
Read moreĀ here.Ā