BitNile Holdings’ Subsidiary, TurnOnGreen, to Supply Rental Car Operator, Aero Corporation, with DC Fast Chargers

BitNile Holdings, Inc. , a diversified holding company (the “Company”), announced that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), will supply the electric vehicle charging equipment and network services to the Aero Corporation to build a six-port electric vehicle (“EV”) DC Fast charging depot next to the Harrisburg International Airport (“HIA”).

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“We are committed to providing engineering and electrification solutions to the car rental industry”

TurnOnGreen will provide three FSP1200 dual port 120kW DC Fast Chargers that together feature six Combined Charging System connectors capable of rapidly charging most EVs on the road today. The DC Fast Charging depot will offer charging solutions to Aero Corporation (a licensed operator of twenty Avis Budget locations across Pennsylvania and New Jersey) and other local area rental car companies whose customers need to recharge their rental EVs prior to returning to or departing from HIA. The Company has been advised by Aero Corporation that it plans to complete installation of the DC Fast chargers in the third quarter of 2022.

The electrification project will feature TurnOnGreen’s commercial network DC Fast Charger, the FSP1200, installed minutes outside HIA on West Harrisburg Pike, Middletown, PA. Drivers can locate the chargers using the TurnOnGreen mobile application and initiate a charging session with the App, QR code, or via a credit card reader. The TurnOnGreen mobile application is available for download on the App Store for iPhone users and Google Play for Android users.

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“Providing EV charging solutions for rental car fleets is a key component of our growth strategy and complements our hotel electrification program,” said Marcus Charuvastra, TurnOnGreen’s Chief Revenue Officer. “The car rental industry will be a primary driver of EV adoption in the United States. Working with rental car companies like Aero Corporation to expand their EV fleets is an important step in helping the general public learn more about the benefits of driving EVs.”

“We are committed to providing engineering and electrification solutions to the car rental industry,” said Amos Kohn, TurnOnGreen CEO and its chief engineer. “As the EV charging infrastructure in North America expands, it will be easier and more cost-effective for car rental companies to meet sustainability goals through EV rental programs.”

U.S. automakers have invested billions of dollars to increase EV production. General Motors plans to deliver 400,000 EVs in North America by the end of 2023, and Ford has committed to 600,000 new EVs by the end of 2023. The car rental market can be an important driver in President Biden’s announced target for half of all new cars and trucks sold in the U.S. in 2030 to be zero-emissions vehicles.

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