Elocity Technology committed to helping electricity utilities speed electric vehicle adoption and expand the low carbon economy is selected by the Canadian Technology Accelerator
Wednesday, September 16th 2020 3:32:38pm
Don Huff, Chair of Elocity's Global Advisory Board stated, "Selection by CTA is a huge vote of confidence for our flagship HIEVPlug that enables electrical utilities and cities to advance electric vehicle (EV) charging and the low carbon economy. The CTA will increase Elocity's ability to engage with power utilities, electromobility players and investors in the United States. Elocity is the emerging leader in EV management and charger software technology."
Elocity's technology allows electric utilities to support the growing numbers of EVs, while ensuring grid stability and minimizing need for new infrastructure investments.
Speaking from Dallas Texas, automotive industry executive, entrepreneur and Elocity investor Vic Keller observed, "Informed investors will understand the value of Elocity's services to the future of EVs. It is a way for power utilities to cost-effectively manage the demand of increased EV charging levels and loads. Elocity moves EV charging from a demand capacity problem into a grid management tool. This removes a persistent barrier to rapid EV adoption."
"Compatible with any EV charger, the HIEVPlug is an easy to install data node for a utility. The integrated mobile app improves the EV user experience," stated Mr. Huff. He noted, "Elocity's AI and IoT technology mesh with a secure blockchain based in a feature-rich smart charging platform. A key attribute for utilities is the load factor prediction capability, which contributes to grid resilience and cost management success."
Elocity COO, Arvind Kumar concluded, "The Elocity team is honoured to have been selected and is excited to begin working with The Canadian Technology Accelerators. With CTA's guidance, Elocity will continue to speed the transition towards a low carbon economy by making EV adoption affordable, quick and sustainable for utilities and users."
To schedule interviews or for additional information, contact: Don Huff @ +1 416-805-7720 or firstname.lastname@example.org
Elocity is a Cleantech company based in Toronto, Canada The company is dedicated to digitally transforming and accelerating the transportation electrification journey for electric utilities, cities and businesses. As EV adaption increases Elocity's AI and IoT enabled technologies allows utilities to related manage demand and costs.
Our advanced IoT and AI-based digital platform HIEV® smartly manages the EV charging ecosystem ensuring a sustainable and reliable grid infrastructure.
Elocity is engaged in a demonstration program with Center for Urban Energy Ryerson (CUE) in Toronto and is mentored through the Accelerator Centre's JumpStart™ program in Waterloo.
About the Canadian Technology Accelerators - Accélerateurs technologiques canadiens (CTA)
The CTA program is a global business development program by Global Affairs Canada's Trade Commissioner Service. Established in 2009, the CTA program supports the international scale-up of high-growth, high-potential Canadian firms in the sectors of cleantech, as well as life sciences and digital and information communication technologies. The CTA program reports over 574 participants collectively garnering $646 million in capital, $238 million in revenue and the creation of 1,128 strategic partnerships and 2,529 new jobs. Apply at tradecommissioner.gc.ca/cta-atc.
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