XLR8 America Launches Charging Network Acquisition Service for Real Estate Owners and Operators

XLR8 America is excited to introduce our new acquisition service to take over management and operation of EV charging infrastructure from commercial real estate owners, portfolio managers, municipalities, and regional Charge Point Operators (CPOs). This service directly addresses the significant operational burdens, unexpected costs, and often low returns experienced by owners managing these assets in-house.

Many property owners and operators have invested substantial capital in EV charging infrastructure to meet growing demand and enhance their properties. However, the reality of day-to-day management often involves complex challenges, including high operational costs, technical issues leading to downtime, the burden of ongoing maintenance and user support, and keeping pace with rapidly evolving technology. Crucially, many owners face unexpectedly low revenue streams, resulting in lengthy and disappointing return on investment (ROI) periods, and may have missed opportunities to capture available incentives due to complex paperwork.

“We’ve worked with owners who invested significantly in EV charging but are frustrated by low utilization, unexpected costs, and assets that aren’t performing as expected,” said Frank O’Connor, CEO. “An EV charger should be an asset, not an operational drain or a source of missed opportunities. Our new service is specifically built to step in, take over the complexity, and unlock the true potential and value of that existing investment.”

XLR8 America’s new offering provides comprehensive, expert management for existing EV charging assets. Through flexible management agreements, XLR8 America assumes full responsibility for the operation, proactive maintenance, technical support, and user management of the charging stations. This includes ensuring maximum uptime, handling billing, and providing a seamless experience for drivers.

Leveraging extensive experience in deploying and integrating diverse EV charging networks, XLR8 America is uniquely positioned to diagnose and rectify issues common in existing installations, such as addressing physical damage, resolving software glitches, and optimizing network performance.

A key component of this service is XLR8 America’s ability to identify and pursue previously missed financial opportunities for asset owners. This includes navigating complex processes to help recover lost incentives, grants, and tax credits that were not claimed during the initial installation or operation phase.

Beyond expert management, XLR8 America offers flexible options tailored to an owner’s long-term strategy:

• Expert Management Agreement: Owners retain title to the equipment and continue to benefit from depreciation, while XLR8 America handles all operations and management.
• Asset Acquisition: For owners seeking a clean exit, XLR8 America can explore acquiring the existing hardware and operational responsibilities.
• “Rip and Replace” Strategy: For sites with outdated or underperforming equipment, XLR8 America can propose replacing existing chargers with state-of-the-art technology under a new management or ownership structure.

To help owners understand the potential of their existing assets, XLR8 America is offering a Free Assessment. This analysis provides valuable input by evaluating current performance, identifying operational inefficiencies, assessing potential for incentive recovery, and outlining tailored management or asset solutions.

“We understand that every existing installation is different, with its own history of performance, costs, and potential issues,” added O’Connor. “Our Free Assessment is a factual, data-driven way for owners to get a clear picture of their asset’s current state and see exactly how XLR8 America can turn it around, improving ROI and eliminating the operational burden.”

This specialized management service and Free Assessment are available immediately to commercial property owners, portfolio managers, municipalities, and regional CPOs seeking expert solutions for their existing EV charging infrastructure.

Contact us to schedule your Free Assessment today.