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Hypercharge Networks Corp V.HC

Alternate Symbol(s):  HCNWF

Hypercharge Networks Corp. is a Canada-based company. The Company is a provider of smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other growing sectors. Its EV Charging Software includes Eevion Integrated Charging, Quantev Operations Suite, and Driver Mobile App. Its DC Fast Charging Stations includes ABB Terra Series, Autel MaxiCharger DC, and XCHARGE GridLink. Its EV Charging Services include carbon credit program, comprehensive warranty, EV ready plans, managed networking, project design and installation, site preparation package, proactev station monitoring, and charging-as-a-service. Its Level 2 Charging Stations include Hypercharge Halo, Hypercharge EVC11, and others. It serves various industries, such as auto dealerships, cities and municipalities, fleets, gas stations, hospitality and hotels, indigenous communities, new developments, parking lots, retail, workplaces, apartments and condos, and single-family homes.


TSXV:HC - Post by User

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  • JustdosomeddX
Post by Justdosomeddon Mar 15, 2023 5:42pm
183 Views
Post# 35341175

Lots of Growth Ahead in the Market

Lots of Growth Ahead in the Market
Some of the fastest-growing industries are surrounding the EV industry as more consumers make the transition. This has created a substantial deficit in the EV to chargers ratio, especially in Canada. And with the government continuing to push EV goals and invest millions into charging infrastructure, there’s a huge market opportunity in both public and private charging infrastructure as EVs continue to take market share away from ICE vehicles. Even with the EV charging footprint growing by 30% over 2022, there are still only around 20,000 public chargers available for use, which is nowhere near enough if the government is planning for 100% of new car sales to be electric by 2035.
 
https://electricautonomy.ca/2023/03/14/2023-canada-ev-charging-networks-report/
 
$HC.N is aiming to help build out the future of EV infrastructure in Canada as they’ve secured deals all over the country with numerous developers, publicly funded organizations, and companies alike.
 
- Implemented over 1,400 chargers helping revenue surpass $1M for the first time.
- Secured deals with companies like Tricon and Cressey to help build a significant number of chargers at their developments.
- Signed a roaming agreement with Electric Circuit, which will allow for $HC.N members to have access to Electric Circuit’s 4,000+ charging fleet and vice versa.
 
Overall, with all of these company developments, in addition to the industry having a significant amount of growth/expected growth, the current $24M valuation isn’t something you should ignore.
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