From News Desk

Axria Real Estate Group (“Axria”), a New Jersey–based real estate development and investment company; and EV Buddy (“EV Buddy”), a cleantech company focused on EV charging software and services, have announced a strategic partnership to deploy smart EV charging infrastructure across Axria-owned properties in New Jersey and the broader Mid-Atlantic region.

Based on the planned build-out and projected utilisation, the partners estimate the programme could generate approximately USD 30 million in combined charging and service revenue over the next 10 years, subject to site development, utilisation and market conditions. Under the partnership structure, EV charging hardware will be owned by Axria and/or dedicated capital partners, while EV Buddy will provide its EVChargeShare Cloud platform, charger configuration, monitoring and operations support.

Phased rollout starting with 5-site initial programme

The initiative will begin with a five-site Phase 1 deployment in New Jersey designed to validate the business model across multiple property types. The initial programme is expected to include –

Two (2) office buildings equipped with Level 2 AC chargers for employees, tenants and visitors;

One (1) multifamily residential property equipped with Level 2 AC chargers for residents and guests;

Two (2) retail locations equipped with EV Buddy’s EV Charger 2.0 DC fast chargers, designed to serve approximately four (4) to eight (8) vehicles per site, including at least one high-power Level 3 site with four (4) DC fast-charging ports.

Following successful performance of this initial programme, the parties intend to expand to up to twenty (20) Axria buildings in total (inclusive of the initial five sites), extend the model to additional Axria properties where the business case is attractive, and evaluate additional DC fast charging (Level 3) hubs developed in collaboration with a qualified charge point operator (CPO) and private equity / infrastructure investors, with integration to EV Buddy’s software where feasible.

“EV charging is becoming a core amenity and a long-term value driver for our properties,” said Chandra Mandalapu, CEO, Axria. “By partnering with EV Buddy, we can move quickly with a unified strategy that supports our tenants, residents, visitors and community while positioning our portfolio for the next decade.”

“Axria brings a strong pipeline of properties and a long-term view, which is exactly what’s needed to build meaningful EV infrastructure,” said Suresh Arya, Founder & CEO, EV Buddy. “Starting with office, multifamily and retail sites—and then scaling to as many as 20 buildings—we expect to create a network of smart charging locations that serve drivers, strengthen Axria’s assets and deliver an estimated 10-year combined revenue opportunity of around USD 30 million.”

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