“The move to NASDAQ is a tremendous milestone for ECOtality, and underscores our commitment to provide transparency and visibility to our investors. As a worldwide leader in sustainable electric vehicle charging solutions, we are in good company on NASDAQ,” said ECOtality CEO Jonathan Read. “On behalf of our Board of Directors and management, I am pleased and proud to see our company take this very important step forward.”
ECOtality is fighting, alongside Japanese carmaker Nissan and several other EV-related companies, to implement a proper charging network in the US, while also providing the solutions (storage, payment options) needed by customers.
At the end of January, the company announced the internet-based software developed by eTec for the advanced charging of EVs, helping drivers chose the time of charge or know when charging is complete. The company is also the leader of the EV Project, an endeavor meant to promote EV transportation.
“With rapidly increasing operations within the United States and increased activity in the international markets, management believes now is the time to move to a larger exchange. As we move forward with the deployment of EV infrastructure on a global scale, a NASDAQ audience will allow us to attract additional investors and improve shareholder value,” the company said in February, when it announced it will be listed on NASDAQ.
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