FreeWire Accelerate Program Gives Retailers Ultrafast EV Chargers With No Upfront Costs


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Newark, CA — FreeWire Technologies, Inc.’s new Accelerate Program allows businesses to offer and collect payments from ultrafast EV charging amenities at their site, while it retains ownership and operates the equipment.

In the company’s previous deployment model businesses purchased the charger and retained charging revenue. The Accelerate Program gives businesses the chance to deploy fast charging with zero financial burden, benefit in the upside if the site is successful, and an option to buy the chargers in later years.

According to the company, by the year 2030, projections suggest the U.S. will experience a surge in EV adoption, with more than 26 million EVs on the roads. This growth will require a substantial expansion of public fast-charging infrastructure. The Accelerate Program will increase EV charging infrastructure deployment by offering a zero-risk option for charging hosts. FreeWire fully manages the upfront installation, site design, and permitting process along with ongoing maintenance and electricity costs. Participating businesses receive a revenue share from charging sessions and are protected by a guaranteed minimum payment leasing parking spots, turning lot space into a revenue stream and customer amenity. 

“The Accelerate Program demonstrates our conviction in the improving economics of  EV charging. We are investing our capital to promote our customers’ businesses enabling them to market an EV offering under their brand with zero upfront costs. This is an unparalleled opportunity for businesses to leverage the growing need for this amenity,” says Arcady Sosinov, FreeWire founder and CCO. “At FreeWire, we envision a future where EV adoption is uninhibited by available charging infrastructure, and the Accelerate Program is a crucial step towards making that vision a reality.”

Custom charger branding gives businesses a chance to amplify their brand. FreeWire’s Boost Charger features a 24” screen allowing for promotions and direct customer engagement at the point of charge. The Accelerate Program allows businesses to tap into data on charger usage and customer behavior.

Chevron is among the first to participate in FreeWire’s Accelerate program, which allows for the flexibility to fully own the charging station after five years.