Envoy Technologies Inc. Launches Turnkey, On-Demand Luxury Lucid EV Sharing as an Amenity
Rhea-AI Summary
Envoy Technologies Inc., a Blink Charging Co. entity, has launched a luxury EV car-sharing service featuring Lucid Air Tourings at three California properties: Orlo and Monticello in Santa Clara, and Beaudry in Downtown Los Angeles. This turnkey service offers residents access to Lucid Air EVs through the Envoy mobile app, with booking options by the minute, hour, or day. On-site charging is provided at no additional cost.
Envoy co-founder Aric Ohana highlighted the company's commitment to providing unique amenities for future-focused communities. The service is available to properties for 12-month terms, with pricing starting at $699 per month for a Lucid Air Grand Touring, plus potential revenue sharing. Envoy currently operates in 23 states across the U.S. and plans nationwide expansion of its 'Mobility as an Amenity' service.
Positive
- Launch of luxury Lucid Air EV car-sharing service in three California properties
- Expansion of Envoy's service to new high-end residential markets
- Potential for additional revenue through revenue sharing with qualifying properties
- Envoy's presence in 23 states across the U.S. with plans for nationwide expansion
Negative
- None.
Insights
The introduction of Lucid Air EVs to Envoy's car-sharing programs represents a strategic move in the luxury EV market. This initiative targets high-end residential properties, potentially expanding Envoy's customer base and revenue streams. The $699 per month pricing for a Lucid Air Grand Touring is competitive, considering the vehicle's retail price.
The expansion to 23 states indicates strong market penetration and growth potential for Envoy. By offering turnkey EV sharing as an amenity, they're tapping into the growing trend of sustainable, shared mobility solutions in urban areas. This could lead to increased adoption of EVs and charging infrastructure, benefiting the broader EV ecosystem.
However, the impact on Blink Charging (BLNK) may be in the short term. While this initiative could drive demand for charging stations, it's unclear how significant the revenue contribution will be relative to Blink's overall operations. Long-term, if successful, this model could create a steady stream of recurring revenue and increase BLNK's market share in the EV charging space.
Envoy's integration of Lucid Air EVs into their car-sharing platform demonstrates a focus on high-end, technologically advanced vehicles. The Lucid Air is known for its long range and innovative features, which could attract tech-savvy users in areas like Silicon Valley.
The mobile app-based booking system and seamless charging integration show Envoy's commitment to user-friendly technology. This aligns with the preferences of residents in tech-centric areas and luxury properties.
From a broader perspective, this move could accelerate the adoption of advanced EV technology among a wider audience. By making luxury EVs more accessible through sharing programs, Envoy is potentially creating new EV enthusiasts who might later become EV owners.
For Blink Charging, this initiative could drive innovation in charging technology to meet the needs of high-performance EVs like the Lucid Air. It may also lead to partnerships with other luxury EV manufacturers, expanding BLNK's market reach in the premium segment.
New Lucid Air Tourings Now Available for Car Share Opportunities
Los Angeles, CA, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. entity and leading provider of electric vehicle car-sharing services and community-based electric vehicles (EVs) has announced the introduction of award-winning Lucid Air EVs as part of its car share programs, starting with resident car share installations at three California luxury properties.
The launch has begun at The Holland Group’s Orlo in Santa Clara; the Monticello property, also in Santa Clara, and the Beaudry luxury apartments in Downtown Los Angeles.
Envoy integrates with multi-resident communities to provide turnkey EV sharing and charging stations as an amenity. Residents of Orlo, Monticello and Beaudry will have access to Lucid Air EVs via the Envoy mobile app (available on Android and IOS devices) and can book their vehicle by the minute, hour, or day. Residents can also charge the vehicles at dedicated ground-level charging stations on-site at no additional cost.
Orlo is centrally immersed within one of the most significant tech regions in the world, Gateway Crossing. Monticello is just steps from the Bay Area connector of the Caltrain. Beaudry boasts a perfect walk score with popular destinations like L.A. Live, Crypto.com Arena, art galleries, and museums nearby. All three properties have embraced the accessible, luxurious and environmentally friendly transportation option for their resident communities, and were able to adopt the programs at affordable rates.
“We’re proud to be working with extraordinary, state-of-the-art residential properties such as Orlo, Monticello and Beaudry,” said Envoy co-founder Aric Ohana. “These are future-focused communities going out of their way to make life easier for their residents. Our EV sharing platform offers a unique amenity for these residents that will further propel these communities into a future of convenience.”
“We look forward to working with similarly resident-friendly properties, where our full turnkey private car share service can provide cars from our fleet of beautiful new Lucid Airs for 12-month terms,” added Ohana. “Envoy can offer properties a brand-new Lucid Air Grand Touring for as low as
The Orlo and Monticello installations mark the debut of Lucid EVs as part of the Envoy’s existing network in the Silicon Valley region, while Beaudry holds the same distinction in Downtown LA. Envoy vehicles are currently operational in residences, offices, and hotels across the country, serving major metropolitan areas in 23 states, including California, Washington State, Oregon, New York, Washington D.C., Massachusetts, Colorado, Arizona, Florida, Tennessee, Illinois, Hawaii, Michigan, North Carolina, Georgia, Idaho, and more. Envoy’s branded services, ‘Mobility as an Amenity,’ is poised to expand nationwide in the United States, with further growth plans in motion.
About Envoy
Envoy is a pioneering EV fleet technology and electric car-sharing service provider headquartered in Culver City. Envoy offers a flagship all-electric car-sharing services in the United States for private property amenities. Envoy's amenity service delivers electric car-sharing as a premium amenity perk for private properties such as apartments, hotels, and workplaces. By cooperating with Envoy, real estate owners and operators can introduce a cutting-edge amenity that enriches the lives of their residents, members, and guests enhancing mobility as part of their lifestyle. Envoy's amenity services support nationwide goals to reduce parking demand and individual car ownership. Developers can leverage Envoy’s inclusion in their projects to access development incentives, aligning with urban development goals.
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
Contacts:
Envoy Mobility
Marilyn Mota
marilyn@envoythere.com
Blink Media Contact
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266
Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446
FAQ
What new EV model has Envoy Technologies Inc. (BLNK) introduced to its car-sharing fleet?
At which California properties has Envoy (BLNK) launched its Lucid EV car-sharing service?
How much does Envoy (BLNK) charge properties for a 12-month term of a Lucid Air Grand Touring?
In how many states does Envoy Technologies (BLNK) currently operate its EV car-sharing service?
