Q&A with Joseph Schottland of EV+ Charging

The company has most of the building blocks in place where some type of transaction is viable: i) core leadership team; ii) viral, low-cost customer acquisition process; iii) national network of installation partners; iv) hardened software/hardware solution; and v) three years of audited financials (the end of 1Q24). With these in place, there are at least two potential options. The first option is to be acquired by a large European utility or charge point operator where their market is far more mature, they are looking for growth and EV+ Charging's model is better understood and accepted. The second option is some form of a go-public transaction. The company was designed from the onset to be a public company with much of the necessary tax, audit advisors and processes already in place. As for timing, the board and leadership team anticipate exit scenarios sometime within 12-24 months from now.

EV+ Charging maintains tight underwriting rules and typically contracts with properties when its initial capital deployed to install the system can be recovered within 3-4 years. However, for multi-property owners, the underwriting rules apply at the portfolio level. On average, each property generates ~$400-$500K in gross profit over the life of the contract so even for properties that have longer payback periods, the cash flowing nature of the business makes for compelling economics.

The company has a network of >100 senior real estate executives that are leveraging their reputations and relationships to actively recommend EV+ Charging to their friends and clients. The company already has >230 properties under long term contract and another several hundred in negotiation. So long as the company has the capital to deploy the chargers for properties that meet its underwriting criteria, value creation is nearly assured. However, the biggest risk is if there is not enough capital to honor its contract commitments which then impair the