Ecotality, Maker of BLINK Chargers Files Bankruptcy

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EBJ
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Ecotality, Maker of BLINK Chargers Files Bankruptcy

Post by EBJ » Sep 18, 2013 11:26 am

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"Ecotality Inc. (ECTY:US), a maker of charging stations for electric cars, filed for bankruptcy with plans to sell itself at a court-supervised auction to pay off debt.

A unit of the company, Electric Transportation Engineering, listed assets valued at as much as $50 million and debt of as much as $500 million in a filing yesterday in U.S. Bankruptcy Court in Phoenix. The company operates a network of electric-vehicle charging stations under the Blink brand name...." ( http://www.businessweek.com/news/2013-0 ... nkruptcy-1 ).

wb9k
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Re: Ecotality, Maker of BLINK Chargers Files Bankruptcy

Post by wb9k » Oct 17, 2013 8:53 am

Sad to see a major player go down, but it's inevitable in our nascent industry. Looks like Charge Point is poised to own the market. Luckily, charge stations tend to be independently owned, so competition should continue to thrive. Most charge stations in my area are still free to use.
dh
2009 Prius with Hymotion L5 PCM
2008 Prius with Hymotion L5 PCM
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1984 Honda Interceptor 48V electric conversion motorcycle
Under construction: 2008 Miles ZX40ST truck with altered DC drivetrain
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