EVCS Expands Business Model in Partnership with iKahan Media
EVCS, a leader in the electric vehicle (EV) charging station industry, announced it has partnered with iKahan Media, an independent, minority-owned (MBE) certified outdoor media company to expand and to create a digital billboard network combining EVCS chargers with state of the art LED screens.
EVCS offers a no-cost, turnkey charging station solution to a diverse set of customers ranging from healthcare and hospitality to local governments and mixed-use campuses to benefit real estate owners. In partnering with iKahan Media, EVCS will upgrade its fast-charging network with electronic displays to enable advertising and digital signage opportunities and create a greater value for all involved parties.
By expanding its business model to include advertising displays on its fast-charging network, EVCS has created a new revenue stream that further improves the economics of the EV fast charging network. The partnership between iKahan Media and EVCS creates an ad network to offer advertisers a premium platform to reach their audience, benefiting both hosting sites and EV drivers. Commercial site partners already benefit from the company’s revenue sharing program which includes an increase in foot traffic and improved visibility through the ECVS mobile app.
“Our mission has always been to create the most reliable and accessible charging infrastructure in the nation to reduce the economic burden of commuting while simultaneously improving air quality through decreased traffic. By partnering with iKahan Media, we are able to further that mission and together we are creating an amazing platform for advertisers to connect with a captive audience and provide highly-targeted advertising opportunities,” said Ian Vishnevsky, co-founder of EVCS. “We are delighted to partner with iKahan Media and bring a premium digital experience to our charging stations.”
Alejandro Kahan, Chief Executive Officer of iKahan Media said, “We are excited to partner with EVCS to provide state-of-the-art LED digital advertising displays for its EV fast charging network. Our displays bring a unique and targeted advertising opportunity to connect brands and customers and in partnering with EVCS, we are able to work with one of the fastest growing and largest EV fast charging network operators in the U.S.”
As EVCS continues to expand its EV fast charging network and business model, EVCS is also considering potential equity financing opportunities. Investors and interested parties can contact the Investment Banking Division of Jett Capital Advisors below.
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