Connect with us

Technology

Electric Utility Vehicle Market to Record Strong Growth at 8.25% CAGR, Accounting for $27.87 Billion by 2030, North America Leads the Industry with Increasing Adoption of Electric Vehicles, Projects Kings Research

Published

on

DUBAI, UAE, Feb. 12, 2024 /PRNewswire/ — According to the latest report by Kings Research, the global Electric Utility Vehicle Market was worth USD 19.12 billion in 2022 and is foreseen to generate revenue of USD 27.87 billion by 2030, growing at a CAGR of 8.25% from 2023 to 2030. The industry growth is fueled by the increased demand for sustainable and energy-efficient transportation. Other factors driving market development include increased global awareness of climate change and environmental issues, stringent emissions regulations, and the reduced cost of battery technology. The need to curb greenhouse gas emissions and reduce reliance on fossil fuels has become a pivotal force compelling both governments and businesses to invest in electric utility vehicles.

Electric utility vehicles (EUVs) represent a subset of electric vehicles (EVs) primarily tailored for commercial and industrial purposes. This category encompasses a diverse range of electricity-powered vehicles, distinguishing itself from passenger EVs by its emphasis on utility and application-specific functionality. Examples of EUVs include electric trucks, vans, and buses, as well as specialized vehicles like forklifts and utility terrain vehicles (UTVs).

Get a Sample Copy of the Report: https://www.kingsresearch.com/request-sample/electric-utility-vehicle-market-332

Competitive Landscape

Key players in the electric utility vehicle industry are employing various business tactics viz., partnerships, product innovations, mergers & acquisitions, and joint ventures, to broaden their product offerings and enhance their market standing in major regions. These companies are adopting strategic activities such as investments in R&D activities, building new manufacturing facilities, and optimizing supply chain processes.

For instance, in June 2023, John Deere announced a strategic partnership with EGO and its parent company, Chervon. This collaboration strategically leverages the strengths of both brands to provide homeowners with a diverse selection of EGO’s cutting-edge and efficient battery-powered lawn care solutions. The distribution of these innovative products was to be facilitated through John Deere’s extensive network of dealers, enhancing accessibility for consumers.

Major participants profiled in the global electric utility vehicle market include:

AlkeRenault GroupBriggs & StrattonRivianTextron Inc.Columbia Vehicle Group Inc.Marshell Green PowerAddax MotorsDeere & CompanyAmerican LandmasterPolaris Inc.CLUB CARStar EV Corporation

Have an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/electric-utility-vehicle-market-332

Trending Now: Strategic Partnership Unveiled Between Addax Motors and Durso Srl in Italy

In September 2023, Addax Motors and Durso Srl declared their strategic partnership in Italy. This collaboration was purposed to focus on the joint distribution of electric light commercial utility vehicles, targeting key sectors viz., agricultural and industrial.

Addax Motors and Durso Srl’s alliance aims to make a notable impact on the electric utility vehicle market in Italy. The partnership will specifically cater to the agricultural and industrial sectors, offering innovative and sustainable solutions in the form of electric light commercial utility vehicles

Increasing Demand For Electric Shuttles For Commercial Application To Spur Electric Utility Vehicle Market Development

By vehicle application, the electric utility vehicle industry is divided into commercial, industrial, agricultural, recreation, and others.

The commercial segment dominated the global electric utility vehicle market by capturing a substantial industry share in 2022. This segmental growth is fueled by the increasing demand for electric shuttles in urban passenger transport and the growing need for utility carts, serving slightly longer last-mile travel in both rural and urban areas. Leading manufacturers, including Columbia Vehicle, CLUB CAR, Electric Last Mile Solutions, and Ari Motors, specialize in producing electric utility carts tailored for commercial transport needs.

Commercial electric utility vehicles are considered effective and environmentally friendly mobility solutions applicable across diverse locations. For instance, in August 2023, Addax Motors expanded its presence in the Scandinavian market through a strengthened distribution network. Sandhaug AS exemplifies this shift by incorporating Addax Motors’ vehicle range into its existing product portfolio, reflecting a partnership in Norway resulting from Addax Motors’ ambitious expansion strategy across global markets.

Ask for Customization:  https://www.kingsresearch.com/customization/electric-utility-vehicle-market-332

Rising Need For Lithium-Ion Batteries To Spur Electric Utility Vehicle Sales

Based on battery type, the electric utility vehicle market is bifurcated into lithium-ion, lead-acid, and others. The lithium-ion segment secured the largest revenue share in the market in 2022. The increasing acceptance of electric utility vehicles is directly tied to the rising need for lithium-ion batteries. Electric utility vehicles extensively use lithium-ion batteries due to their superior energy density, extended operating range, and effective energy utilization. The transition from lead-acid to lithium-ion batteries, range anxiety, and the requirement for battery efficiency are some of the factors driving the growing demand for lithium-ion batteries.

Global Enforcement Of Strict Emissions Regulations To Fuel Electric Utility Vehicle Market Growth

One key market driver for electric utility vehicles is the implementation of strict emissions regulations across the globe, which is compelling businesses to shift toward electric vehicles to meet set standards and avoid fines. Another significant opportunity lies in integrating renewable energy sources, such as solar or wind power, to charge vehicle batteries, which aids in reducing carbon footprints and operational costs. The market is further propelled by the expanding charging infrastructure and advancements in battery technology, which are enhancing the range and performance of electric utility vehicles across various industries. The growing demand for urban delivery services, waste management, and public transportation, coupled with collaborations between automotive manufacturers and tech companies for connectivity and autonomy, signifies ongoing industry innovation.

Purchase This Comprehensive Research Report for Valuable Market Insights: https://www.kingsresearch.com/buy-now/332

Increasing Adoption Of Electric Vehicles in North America to Promote Electric Utility Vehicle Market Progress

North America led the global electric utility vehicle market in 2022 due to the increasing adoption of electric vehicles. Major American companies, including Tesla, Rivian, and traditional automakers, have significantly invested in electric utility vehicles, serving both domestic and international markets. Furthermore, stringent emissions regulations at both federal and state levels have acted as a catalyst, compelling businesses to shift toward electric utility vehicles to align with environmental standards. The demand for such vehicles is particularly robust in North American cities, where the emphasis on urban logistics and last-mile delivery services is fueling the need for emission-free transportation solutions. The well-established charging infrastructure in many urban areas further bolsters the growth of the electric utility vehicle market in North America.

For more information on the report, visit: https://www.kingsresearch.com/electric-utility-vehicle-market-332

Key Points from TOC: 

1 Introduction of the Global Electric Utility Vehicle Market 

1.1 Market Definition

1.2 Market Segmentation

1.3 Research Timelines

1.4 Limitations

1.5 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Collection

3.1.1 Secondary Sources

3.1.2 Primary Sources

3.1.3 Research Flow

3.2 Subject Matter Expert Advice

3.3 Quality Check

3.4 Final Review

3.5 Bottom-Up Approach

3.6 Top-down Approach

4 Global Electric Utility Vehicle Market Outlook

4.1 Market Evolution

4.2 Overview

4.3 Market Dynamics

4.3.1 Drivers

4.3.2 Restraints

4.3.3 Opportunities

4.3.4 Challenges

4.4 Pricing Analysis

4.5 Porter’s Five Forces Analysis

4.6 Value Chain Analysis

4.7 Macroeconomic Analysis

5 Impact of Russia-Ukraine War

6 Global Electric Utility Vehicle Market, By Battery Type

7 Global Electric Utility Vehicle Market, By Drive Type

8 Global Electric Utility Vehicle Market, By Vehicle Type

9 Global Electric Utility Vehicle Market, By Application

10 Global Electric Utility Vehicle Market, By Geography

11 North America 

12 Europe 

13 Asia Pacific 

14 Middle East & Africa 

15 Latin America 

16 Global Electric Utility Vehicle Market Competitive Landscape

16.1 Overview

16.2 Key Developments

16.3 Key Strategic Developments

16.4 Company Market Ranking

16.5 Regional Footprint

16.6 Industry Footprint

17 Company Profiles

17.1 Alke

17.1.1 Key Facts

17.1.2 Financial Overview

17.1.3 Product Benchmarking

17.1.4 Recent Developments

17.1.5 Winning Imperatives

17.1.6 Current Focus & Strategies

17.1.7 Threat from competition

17.1.8 SWOT Analysis

17.2 Renault Group

17.2.1 Key Facts

17.2.2 Financial Overview

17.2.3 Product Benchmarking

17.2.4 Recent Developments

17.2.5 Winning Imperatives

17.2.6 Current Focus & Strategies

17.2.7 Threat from competition

17.2.8 SWOT Analysis

17.3 Briggs & Stratton

17.3.1 Key Facts

17.3.2 Financial Overview

17.3.3 Product Benchmarking

17.3.4 Recent Developments

17.3.5 Winning Imperatives

17.3.6 Current Focus & Strategies

17.3.7 Threat from competition

17.3.8 SWOT Analysis

17.4 Rivian

17.4.1 Key Facts

17.4.2 Financial Overview

17.4.3 Product Benchmarking

17.4.4 Recent Developments

17.4.5 Winning Imperatives

17.4.6 Current Focus & Strategies

17.4.7 Threat from competition

17.4.8 SWOT Analysis

17.5 Textron Inc.

17.5.1 Key Facts

17.5.2 Financial Overview

17.5.3 Product Benchmarking

17.5.4 Recent Developments

17.5.5 Winning Imperatives

17.5.6 Current Focus & Strategies

17.5.7 Threat from competition

17.5.8 SWOT Analysis

Continued…………

Browse Complete TOC:   https://www.kingsresearch.com/toc/electric-utility-vehicle-market-332

Browse More Related Reports:

Smart Electric Drive Market: The global Smart Electric Drive Market is projected to reach USD 10,778.2 million by 2030, growing at a CAGR of 43.50% from 2023 to 2030

E-Mobility Market: The global E-Mobility Market is projected to reach USD 869.67 billion by 2030, growing at a CAGR of 14.8% from 2023 to 2030

Electric Truck Market: The global Electric Truck Market is projected to reach USD 6460.9 million by 2030, growing at a CAGR of 32.66% from 2023 to 2030

Electric Van Market: The global Electric Van Market is projected to reach USD 104.29 billion by 2030, growing at a CAGR of 26.76% from 2023 to 2030

Anti Collision Sensor Market: The global Anti Collision Sensor Market is projected to reach USD 25.90 Billion by 2030, growing at a CAGR of 17.20% from 2023 to 2030

About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

Contact Us

Kings Research
Phone: (+1) 888 328 2189
E-mail: business@kingsresearch.com
Website: https://www.kingsresearch.com
Blog: https://www.kingsresearch.com/blog
Follow Us: LinkedIn | Facebook | Twitter

View original content:https://www.prnewswire.co.uk/news-releases/electric-utility-vehicle-market-to-record-strong-growth-at-8-25-cagr-accounting-for-27-87-billion-by-2030–north-america-leads-the-industry-with-increasing-adoption-of-electric-vehicles-projects-kings-research-302059572.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Military Cybersecurity Market to Grow by USD 17.9 Billion (2024-2028) Due to Cloud Adoption, AI-Driven Market Insights by Technavio

Published

on

By

NEW YORK, Sept. 16, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global military cybersecurity market size is estimated to grow by USD 17.90 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.53%  during the forecast period. Increase in adoption of cloud-based services is driving market growth, with a trend towards high adoption of AI and machine learning. However, system integration and interoperability issues  poses a challenge. Key market players include Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Corp., RTX Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Military Cybersecurity Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.53%

Market growth 2024-2028

USD 17903.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.45

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, China, India, Russia, and UK

Key companies profiled

Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Corp., RTX Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc.

Market Driver

The integration of Artificial Intelligence (AI) and machine learning in military cybersecurity is anticipated to significantly contribute to economic growth, particularly in developed economies. Developed countries are adopting AI-based solutions at a faster pace due to their advanced infrastructure. Machine learning, a subset of AI, delivers outputs similar to humans without extensive programming. Technologies like autonomous vehicles, speech recognition, and advanced web searches utilize machine learning. Extensive research and development activities are ongoing in this field. As AI replaces human monitoring and analysis, human error is reduced, leading to more effective cybersecurity solutions. This enhancement is projected to fuel the expansion of the global military cybersecurity market. 

Military cybersecurity is a critical issue as military systems, networks, and infrastructure face increasing threats from cyber attacks. Unauthorized access, espionage, and malicious activities pose risks to military operations and defense organizations. State-sponsored attacks and cyber warfare are major concerns. Defense budgets continue to grow to fund cybersecurity measures, including cloud computing solutions from cybersecurity companies. Threat intelligence, incident response, machine learning, and quantum-resistant cryptography are essential security solutions. Defense organizations must also secure their supply chains and communication networks. Cybersecurity norms, cloud-based storage solutions, and investments by governments are driving innovation in areas like autonomous defense, blockchain, space operations, and security professional services. The Biden-Harris Administration prioritizes military cybersecurity, focusing on training and education, deployment modes, data security, application security, cloud security, and endpoint security. Defense personnel require ongoing training to counter evolving threats.

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The military sector’s increasing adoption of advanced technologies brings about the need for network security solutions. However, defense agencies encounter challenges in integrating these solutions with their existing IT infrastructure. Vendors must offer unified IT solutions to ensure seamless integration. Technical issues during operations can result in significant costs and reduced efficiency. Hacking-related malfunctions, such as server errors and technical defects, pose a threat. To mitigate these risks, vendors must conduct rigorous trials before market introduction. Integration of multiple IT systems on traditional infrastructure can lead to cross-platform issues, potentially hindering military cybersecurity implementation and market growth.Military organizations face unique cybersecurity challenges in areas like supply chain security, threat intelligence, incident response, and defense security norms. Machine learning and quantum-resistant cryptography help strengthen network, endpoint, application, data, cloud, and communication security. Cyber-physical systems, autonomous defense, blockchain, and space operations require specialized solutions. Biden-Harris Administration’s focus on cybersecurity includes investments in cybersecurity technologies, professional services, training, and education. Challenges include hacking, import/export analysis, and compliance with defense security norms. Cloud-based storage solutions, security services, and encryption are essential for data protection. Access controls, national security, and incident response are critical components of defense cybersecurity strategies. Military cybersecurity requires a multi-layered approach to address the evolving threat landscape. This includes deploying security solutions for various modes, implementing communication networks with intelligence and surveillance capabilities, and ensuring supply chain security. Defense personnel need ongoing training to stay updated on the latest cybersecurity trends and best practices. Defense budgets continue to increase for cybersecurity initiatives, with investments in unmanned vehicles, cloud-based storage solutions, and security services.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This military cybersecurity market report extensively covers market segmentation by  

Deployment 1.1 On-premise1.2 Cloud-basedType 2.1 Network security2.2 Data security2.3 Identity and access management2.4 Cloud securityGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 On-premise-  The on-premises segment dominated the global military cybersecurity market in 2022, accounting for the largest share. On-premises security solutions run on an organization’s own hardware infrastructure, enabling defense institutions to purchase licenses for cybersecurity software to operate on their local servers. The primary advantage of on-premises systems is data protection, as data is stored locally, granting end-users complete control. Military organizations maintain full authority over their network security without external interference. Although the demand for on-premises systems has decreased due to the rise of cloud-based alternatives, concerns regarding security, compliance, and network control continue to drive market growth.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Military Cybersecurity Market encompasses the protective measures implemented to safeguard military systems, networks, and infrastructure from cyber threats. With the increasing reliance on technology for military operations, unauthorized access, espionage, and malicious activities pose significant risks. Defense organizations face threats from state-sponsored attacks, hacking, and import/export analysis. To counter these risks, governments are making substantial investments in cybersecurity technologies, including cloud-based storage solutions, encryption, access controls, and security services. The Biden-Harris Administration has prioritized cybersecurity, recognizing its importance to national security. Unmanned vehicles and defense personnel also require protection. The defense budget reflects this priority, with a growing allocation towards cybersecurity. Cybersecurity is essential to maintaining the integrity and confidentiality of military information, ensuring the safety of defense personnel, and preserving national security.

Market Research Overview

The Military Cybersecurity market encompasses the protection of Military systems, networks, and infrastructure from Cyber threats such as unauthorized access, espionage, malicious activities, and state-sponsored attacks. Cybersecurity measures are essential to safeguard Military operations and defense organizations from Cyber warfare. Defense budgets continue to prioritize Cybersecurity, with investments in Cloud computing, Cybersecurity companies, and advanced technologies like Machine learning, Quantum-resistant cryptography, Blockchain, and Autonomous defense. Military cybersecurity extends to securing Cyber-physical systems, communication networks, Intelligence and surveillance, and Supply chain. Defense organizations face various threats, including hacking, import/export analysis, and encryption breaches. Access controls and National security are paramount, with a focus on Cloud-based storage solutions, Security services, and Cybersecurity technologies. Personnel training and education are crucial, with deployment modes varying from on-premises to Cloud-based solutions. The Biden-Harris Administration has focued Military cybersecurity, with Defense personnel receiving increased training and education. Defense budgets continue to allocate funds for Cybersecurity, with a focus on securing Space operations, Unmanned vehicles, and Defense personnel. Cybersecurity norms and regulations are evolving, with a growing emphasis on Threat intelligence, Incident response, and Deployment modes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedTypeNetwork SecurityData SecurityIdentity And Access ManagementCloud SecurityGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/military-cybersecurity-market-to-grow-by-usd-17-9-billion-2024-2028-due-to-cloud-adoption-ai-driven-market-insights-by-technavio-302247678.html

SOURCE Technavio

Continue Reading

Technology

Sinch Accelerates Adoption of Rich Communication Services (RCS) Business Messaging with RCS Upscale

Published

on

By

Leading the Evolution of Customer Engagement with Secure, Interactive, and Branded Messaging Across Devices & Platforms

ATLANTA and STOCKHOLM, Sept. 16, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, is accelerating the adoption of Rich Communication Services (RCS.)   Sinch has consistently delivered secure, branded, and interactive messaging solutions, offering flexible options that include messaging APIs, SaaS tools, and messaging enablement services. These solutions empower both brands and carriers to embrace RCS and transform customer interactions.

With Sinch’s RCS Upscale solution, businesses can seamlessly transition from SMS to RCS without additional costs or integration changes.  For markets where RCS is not fully supported, Sinch’s SMS fallback ensures continued messaging reach.  Customers using Sinch’s RCS solutions have seen unparalleled delivery and engagement rates on high-value use cases across the customer journey, making RCS an ideal choice for businesses looking to transform customer experiences.

Sinch sends millions of RCS business messages each month, helping brands like EasyPark and Micromania-Zing in EMEA, delivery companies in the North America, and banks across Latin America and India.  Sinch’s solutions are helping these organizations leverage RCS to improve their messaging capabilities, driving better customer engagement and satisfaction.

The release of iOS 18, which introduces RCS support in select markets, marks a

pivotal moment for the growth of RCS.  This development brings a more united and seamless messaging experience between Apple and Android devices for consumers, paving the way for RCS Business Messaging (RBM) adoption.  With Apple’s commitment to supporting the RCS Universal 2.4, which includes RBM, the stage is set for broader adoption, providing businesses with a powerful new tool to engage customers through rich, interactive experiences directly in their mobile inbox across a wider range of devices.

Sinch’s innovations in RCS are further evidenced by tools like the Omnichannel Connector on Salesforce AppExchange, which enables Salesforce Marketing Cloud customers to create dynamic, interactive campaigns.

Backed by Sinch’s global super network, strong direct operator connections, and a preferred partnership with Google, the company leads the RCS space and is fully prepared for widespread RCS rollout. Sinch’s APIs, SaaS tools, and carrier enablement services empower both businesses and carriers to create personalized, interactive RCS

experiences, driving significant improvements in customer engagement across industries.

“Sinch RCS products and solutions help businesses quickly upgrade to RCS, whether they’re looking to upscale from SMS or enable richer, more interactive and conversational experiences for their customers,” said Lodema Steinbach, VP of Product & Carrier Relations, North America at Sinch. “With a broad range of offerings and expertise across customer segments, Sinch provides the flexibility businesses need to enhance customer engagement in a secure, trusted environment.”

“As RCS adoption accelerates, we are proud to lead this technological shift,” Steinbach added. “Sinch’s API-first platform and SaaS solutions make it easy for brands to adopt RCS and drive results, whether through simple transactional messaging or richer, more interactive customer engagements. Our deep relationships with mobile operators and in-house expertise position us to support businesses throughout their RCS journey.”

To learn more about implementing RCS and how it can transform customer engagement, download Sinch’s comprehensive guide on building a business case for RCS or contact our team for personalized support.

CONTACT: 
For further information please contact:
Janet Lennon, Director of Global PR & Communications
janet.lennon@sinch.com |1.206.914.6175

This information was brought to you by Cision http://news.cision.com

View original content:https://www.prnewswire.com/news-releases/sinch-accelerates-adoption-of-rich-communication-services-rcs-business-messaging-with-rcs-upscale-302249386.html

SOURCE Sinch AB

Continue Reading

Technology

LAZ collaborates with bp to bring bp pulse ultra-fast public EV charging hubs to 20 cities over next five years

Published

on

By

Under the agreement, the ultra fast charging sites will host Level 3 chargers, be open to the public 24/7 and provide drivers with up to one hour of free parking while charging

HARTFORD, Conn., Sept. 16, 2024 /PRNewswire/ — LAZ Parking, the largest, fastest-growing privately owned parking operator in the United States, is pleased to announce that it has entered into an agreement with bp pulse to collaborate in the development, deployment, and operation of ultra-fast public charging hubs at LAZ-managed locations. bp pulse is a leading worldwide provider and best-in-class operator of ultra-fast electric vehicle charging. LAZ manages and leases a network of distributed real estate encompassing 1.6 million parking spaces in over 3,800 locations in 42 states and 477 cities in the U.S. and Canada.

“We are thrilled to be collaborating with bp pulse,” said Alan Lazowski, Chairman and CEO, of LAZ Parking. “This agreement builds on LAZ’s mission to provide value to our clients and opportunities for our employees. By focusing on embracing emerging technologies, and collaborating with major stakeholders, like bp pulse, we are driving positive change and propelling the parking industry toward a resilient and more efficient future.”

The ultra-fast charging hubs developed by bp pulse are classified as Level 3 charging and rated at 250kW or higher. These chargers can provide EV customers with a full charge in 30-45 minutes depending on variables like vehicle type and battery health.  

“This collaboration with LAZ supports the delivery of our strategy to bring EV charging to major metro areas at locations where drivers are already going in their day-to-day routines,” said Sujay Sharma, CEO bp pulse America. “bp pulse is proud to be to working with like-minded partners who have long term commitments to the EV transition and are propelling the EV industry forward. These LAZ locations will be a welcome addition to bp’s own extensive real estate footprint across the US and bp pulse’s existing third-party relationships like our recently announced plans with Simon Property Group, amongst others.”

As LAZ’s preferred partner for ultra-fast charging nationwide, bp pulse will work with LAZ to identify locations best suited for ultra-fast charging hubs with a focus on key metros and other areas with a high density of vehicles including those with high tenancy housing, universities and hotels. Each site will be publicly available and operate 24/7 to ensure drivers can charge when they need to. As part of the charging experience, EV drivers will receive up to one hour of free parking when they charge using the bp pulse app.

“Unlike many other companies in this space, bp is a proven global brand committed to electrification internationally,” said Lazowski. “They are experts at designing, building, operating, and maintaining infrastructure. We could not be happier in our choice of a partner for this exciting collaboration.”

About LAZ Parking 

LAZ Parking is the largest, fastest-growing privately owned parking operator in the United States and a pioneer in digital parking technology. Founded in Hartford, CT, LAZ has been providing best-in-class parking management and transportation services since 1981 and operates over 1.6 million parking spaces in over 3,800 locations in 42 states and 477 cities in the U.S. and Canada. LAZ is an industry leader in business intelligence, remote monitoring, eCommerce solutions, and Proximity On-Demand Services or “LAZ PODS”. We leverage our international network of parking facilities to offer cutting edge, tech-enabled solutions, that include EV charging, micro warehousing, last-mile logistics, working across the hospitality, commercial, healthcare, airports, transportation, universities, government, retail, events, residential, and shuttle service industries. LAZ is a people first, conscious capitalist company, committed to elevating humanity through business. Additional information can be found at www.lazparking.com.

About bp pulse

bp pulse is bp’s electric vehicle (EV) charging business. Focused on fast and reliable charging, bp pulse deploys charging points for EV drivers and commercial fleets on the go; at destination hubs, at the depot and bp retail sites.

Around the world bp pulse is partnering with some of the world’s biggest businesses, while developing the Gigahub™ network, a series of large EV high-speed charging hubs in high-demand locations.

Electric vehicle charging is one of five growth engines of bp’s transformation into an integrated energy company. The company has already installed more than 33,900 charge points and aims to expand its network of public EV charging stations to more than 100,000 worldwide by 2030.

View original content to download multimedia:https://www.prnewswire.com/news-releases/laz-collaborates-with-bp-to-bring-bp-pulse-ultra-fast-public-ev-charging-hubs-to-20-cities-over-next-five-years-302249389.html

SOURCE LAZ Parking

Continue Reading

Trending