Deal With Ovare Group For Canadian and US Charging With charging being one of the fastest-growing tech industries alongside EVs, there’s a huge market opportunity in Canada due to the long highways across the country and the lack of current infrastructure compared to European and American counterparts. We’ve started to see more investment in the space as companies and governments try to satisfy charging demand to help make EVs both feasible to own and attractive to buy.
As the only publicly traded Canadian charging company, $HC.N is well-positioned as they’ve been rapidly growing recently. The company just signed a deal with Ovare Group to supply properties with chargers in both Canada and the US.
- Six Level 2 EV chargers to properties in Vancouver and Whistler, British Columbia, and Egremont, Massachusetts helping their plans for US expansion.
- Installation is expected to be completed in Q2 2023.
- With another relationship built with the Ovare Group, it may also turn into future deals or a signal for other companies that $HC.N is building charging infrastructure in the US as well.
https://ca.finance.yahoo.com/news/hypercharge-announces-ev-charging-ovare-123000694.html
Additionally, $HC.N will be presenting at the Kinvestor Green Future Virtual Investor Conference on March 28, so if you want to hear more about the company and the business, definitely go take a look. The current valuation of $25M is definitely something to keep an eye on, considering the revenue growth and industry peers having a higher revenue-valuation multiple.