Empowering Electric Vehicle Charging: LAZ Parking's Investment
LAZ Parking has announced a groundbreaking investment in Epic Charging, focusing on enhancing electric vehicle (EV) infrastructure throughout North America. As the largest privately owned parking operator in the region, LAZ Parking is positioned to lead the charge for a future filled with sustainable mobility solutions.
Strategic Partnership for EV Infrastructure
This partnership marks a significant step in LAZ's mission to deploy an extensive network of Level 2 EV charging stations. The initiative will see the installation of 50,000 charging stations across a variety of properties managed by LAZ, including hotels, commercial buildings, and airports. The overarching goal is to implement a convenient, reliable, and profitable EV charging solution to meet the growing demand.
Charge Where You Park Strategy
With the rollout of these charging stations, LAZ Parking is reinforcing its initiative known as "Charge Where You Park." This strategy emphasizes the convenience of charging EVs at parking facilities, aligning perfectly with the trends towards eco-friendly travel options. By integrating these stations across their real estate portfolio, LAZ aims to provide an improved experience for EV drivers while driving additional revenue streams.
Innovative Technology Integration
Epic Charging brings its advanced Charge Point Management System (CPMS) into the partnership, which aligns seamlessly with LAZ's existing technology infrastructure. This integration will provide various benefits such as charger monitoring, predictive maintenance, payment automation, and real-time analytics. Such features not only enhance customer satisfaction but also emphasize efficiency and profitability for the parking operations.
Utilizing AI for Enhanced Energy Management
Epic Charging plans to use this investment to accelerate the development of its innovative Charge OptimAIzer technology. This AI-powered system is designed to intelligently manage EV charging needs, allowing for load balancing and cost saving based on real-time data. This approach ensures that EV charging stations can operate smoothly and reliably in various environments.
Leadership and Vision
Alan Lazowski, Chairman and CEO of LAZ Parking, elaborated on the significance of this partnership by stating, "We're doubling down on our Charge Where You Park strategy by expanding our partnership with Epic Charging. Together, we'll deliver world-class EV charging experiences while driving the future of sustainable mobility.”
Michael Bakunin, CEO and Co-Founder of Epic Charging, expressed excitement about the collaboration, stating, "This partnership enables us to deploy our Charge OptimAIzer technology at scale, transforming everyday parking spaces into smart, efficient EV charging destinations.”
About LAZ Parking
LAZ Parking is not only the largest but also the fastest-growing privately owned parking operator in the United States. Since its inception in Hartford, CT, LAZ has been at the forefront of digital parking solutions, managing over 2.1 million parking spaces across more than 5,300 locations nationwide. The company is known for its industry-leading approach to parking management, integrating technology and innovation to create value in various sectors, including hospitality and transportation.
About Epic Charging
Epic Charging is recognized as a transformative force in the EV charging landscape based in Silicon Valley. With its open-protocol Charge Point Management System (CPMS), Epic Charging is dedicated to optimizing uptime and reliability in EV charging solutions, ensuring that businesses and municipalities can benefit from efficient and sustainable electric mobility infrastructure.
Frequently Asked Questions
What is LAZ Parking's recent investment about?
LAZ Parking has invested in Epic Charging to deploy 50,000 EV charging stations across its properties in North America.
How will the partnership impact EV drivers?
The partnership aims to enhance convenience and reliability for EV drivers through a network of easily accessible charging stations.
What technology does Epic Charging provide?
Epic Charging offers a Charge Point Management System (CPMS) that integrates with LAZ Parking's platform, enhancing the EV charging experience.
How does the Charge OptimAIzer benefit users?
The Charge OptimAIzer uses AI to intelligently manage EV charging, optimizing energy use and minimizing costs across varied charging scenarios.
What is LAZ Parking's mission with the new strategy?
LAZ Parking's mission is to advance sustainable mobility solutions through innovative parking and charging strategies, creating efficiency and enhancing user experiences.
