LAZ and EverCharge Form Joint Venture for Multifamily EV Charging

LAZ Parking and EverCharge, a subsidiary of indiGOtech, have announced a joint venture to provide EV charging services for residents of apartment and condominium complexes. The collaboration aims to leverage LAZ’s extensive parking network and EverCharge’s energy management technology to scale residential charging infrastructure.

What Happened

The new partnership integrates LAZ’s operations, which include approximately 2.1 million parking spaces across 5,700 locations in the US and Canada, with EverCharge’s SmartPower management system. According to the companies, this technology allows multiple chargers to share a building’s available electrical capacity, enabling up to five times as many charging ports to operate using the same power supply compared to unmanaged charging. This approach is designed to allow more residents to charge their vehicles without requiring major electrical upgrades to the property. EverCharge currently operates some 10,000 charging ports at over 1,000 multifamily residential sites.

Why It Matters

Multifamily dwelling charging represents a significant infrastructure challenge in the transition to electric transportation. By offering a service that provides charging solutions without requiring property owners to manage the installation and operating process, the joint venture aims to lower barriers for residents in apartments and condos. Alan Lazowski, Chairman and CEO of LAZ, stated that the venture expands their charging network to 25,000 ports in North America. John Lin, CEO of EverCharge, emphasized the company's role in deploying intelligent charging for this market, noting the potential to bring their platform to more properties and drivers.

The Bottom Line

LAZ and EverCharge are combining their assets to create a turnkey EV charging solution for multifamily properties, utilizing existing electrical capacity to expand access for residents while simplifying deployment for property owners.