Friday, June 18, 2021

EVCS Signs LA Fitness On EV Fast Charger Deployment, Seeks Funding

Arcadia-based EVCS, an operator of an electric vehicle (EV) fast charging network, says it has signed a deal with Fitness International, LLC, the owner of LA Fitness, to install EV fast chargers at a number of its fitness centers. Financial details of the deal were not announced, and EVCS did not say how many fitness centers it will be installing its fast chargers at. The deal includes both LA Fitness and Esporta Fitness centers, and includes a revenue sharing deal on charging. EVCS says it is currently in the midst of an equity financing effort, being run by the Investment Banking Division of Jett Capital Advisors. The company did not say how much it is raising in that effort.

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