Hundreds of charging stations are planned to roll out in apartment communities across the nation
NEW YORK – Xeal, a leading provider of electric vehicle charging stations and smarter technology for the multifamily industry, today announced it was selected by UBS Asset Management’s Real Estate & Private Markets business to install EV charging stations in select investment trust properties across the United States.
“We look forward to working with Xeal and continuing to supply tenants in our communities with EV charging solutions,” said Vasilios Diakogeorgiou, Head of Strategic Initiatives for UBS Asset Management. “We are committed to providing smart, sustainable EV charging that meets demand today and accounts for the incredible growth in the future.”
Xeal will install hundreds of chargers at UBS investment trust properties throughout the US. UBS Asset Management has also made a strategic selection of properties that are slated for future-proofing by ensuring an adequate quantity of Xeal chargers to welcome the oncoming wave of EV adoption.
“We’re excited to work with UBS and for the opportunity to provide their residents with Xeal’s EV charging technology and self-reliant communication architecture, which is the most secure and dependable choice for their communities,” said Zander Isaacson, Co-Founder and CEO at Xeal. “This national rollout enables UBS to offer adequate EV charging access for residents and visitors, as well as display exceptional leadership and forethought for the multifamily industry.”
Xeal’s charging platform relies on its patent-pending Apollo protocol, which uses encrypted tokens and distributed ledger technology for connectivity, eliminating the need for costly IT/network infrastructure and upgrades entirely, reducing capex and maximizing ROI.
The simple, user-friendly platform ensures residents can operate the charging stations through token-based connectivity that does not rely on notoriously unreliable WiFi or cellular. Xeal’s holistic power optimization technology also empowers owner/operators the ability to install up to 3x as many charging stations without electrical upgrades.