ChargePanel signs agreement with Global Futuretech for expansion in the American market

ChargePanel AB (publ) (“ChargePanel” or the “Company”) has signed an agreement regarding the White Label Enterprise service with Global Futuretech, an America/India company specializing in the manufacture and distribution of chargers for electric vehicles. Global Futuretech has its charger manufacturing base in India and has its operational business, Charge Point Operator (CPO), in Texas, USA. They combine manufacturing of both AC and DC chargers with CPO services to meet the growing need for charging infrastructure in the US.

Global Futuretech manufactures AC and DC chargers for electric vehicles in India and distributes these to the US market. Their customer base is primarily comprised of motels, hotels and shopping centers, where the need for a reliable and efficient charging infrastructure is growing rapidly.

Through the signed agreement, ChargePanel will deliver its White Label Enterprise service to Global Futuretech. This service includes a customizable Content Management System (CMS) with integrated payment functions, specially designed to meet the requirements of Global Futuretech. With ChargePanel’s White Label solution, Global Futuretech can manage complex charging networks under its own brand and offer a smooth and seamless payment experience for both operators and end users. This enables them to streamline their operations and deliver high-quality charging solutions. Global Futuretech aims to begin installations and commissioning in September this year, and plans to install several hundred chargers by the end of 2024.

“We are extremely excited to begin this collaboration with Global Futuretech. This is our third agreement in the USA and marks an important milestone in our strategy to expand in the US market. By combining Global Futuretech’s extensive manufacturing capabilities and strong local presence with our advanced White Label Enterprise solution, we look forward to contributing to a sustainable future and supporting the continued growth of EV infrastructure in the USA.” – Peter Persson CEO ChargePanel

About ChargePanel AB (publ)

ChargePanel is a GreenTech company that offers innovative B2B solutions within e-Mobility.

ChargePanel offers a white-label SaaS-platform for the operation and management of electric vehicle charging networks. The platform enables electric vehicle driver access to a user-friendly app for charging and is independent of both electricity companies and manufacturers of charging infrastructure.

Since the start, The Company’s focus has been towards developing the technical platform as well as increasing the interest and connecting with selected strategic partners and customers. The company provides solutions in Sweden, Norway, Great Britain, Romania, Albania, Morocco, Kenya, Uganda, Malta, the USA, Australia, New Zealand, Malaysia, the Philippines and Barbados with the ambition to grow with its customers into new geographic markets and has adopted a growth strategy which includes multiple continents before the end of 2025. The Company’s strategy is both sustainability and customer-centric. Smarter electric vehicle charging through ChargePanel’s platform facilitates the transition from fossil-fuel vehicles to electric vehicles for both private individuals and companies. This is in line with the climate goals of most countries and regions, and the incentives for electric vehicles will increase sharply in the future.

The Company was founded in 2014 and has its headquarters in Stockholm, Sweden. ChargePanel AB (publ) is listed on Nasdaq First North Growth Market and The Company’s Certified Adviser is Eminova Fondkommission.