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CarCharging Group Closes Offering, Raising $830,000

One of the leader’s in the field of electric vehicle (EV) charging services, CarCharging Group, recently closed a securities offering, altogether raising proceeds of $830,000, according to reports.

carcharging groupThe offering — which consisted of convertible preferred securities with a conversion price of $0.70 and warrants exercisable at $1.00 — will reportedly be the method for funding the company’s next-gen product offerings.

“In 2015, we have focused our efforts on managing cash, enhancing operations, and investing in various technological initiatives to expand the features available on the Blink Network, the software that operates, monitors, and tracks the Blink stations and all of its charging data,” stated Michael D Farkas, CarCharging’s Founder and CEO. “Going forward, we will work diligently on bringing our financials up-to-date and to release our next generation of electric car charging hardware.”

 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

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