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Revel has inaugurated its first electric vehicle (EV) Superhub in Brooklyn, making it the largest EV fast charging station in the Americas with 25 chargers. This initiative aims to boost EV adoption in NYC, which currently has only two public fast charging stations and 14,000 registered EVs among nearly 2 million cars. The site is offering free charging for the first week. Revel's partnership with Tritium provides fast charging technology, and the location will be powered entirely by renewable energy through collaboration with Con Edison.
Tritium Holdings has appointed Kenneth Braithwaite, former U.S. Secretary of the Navy, to its Board of Directors following its merger with Decarbonization Plus Acquisition Corporation II (DCRN). Braithwaite brings extensive experience in both government and military operations, enhancing the company's leadership as it positions itself in the growing electric vehicle (EV) market. With a focus on DC fast charging technology, Tritium aims to leverage Braithwaite's insights to accelerate EV adoption and strengthen its market presence.
Tritium has announced a collaboration with EV charging network operator Loop to enhance electric vehicle (EV) charging infrastructure across the U.S. The partnership includes the installation of Tritium DC fast chargers in Los Angeles and plans for expansion into Arizona, New York, and New Jersey. This initiative aims to address the growing demand for fast EV charging options, particularly in underserved areas like Los Angeles. Tritium's innovative charging solutions are expected to facilitate widespread EV adoption.
Tritium, a pioneer in DC fast charging technology for electric vehicles, announced a merger with Decarbonization Plus Acquisition Corporation II (DCRN). The transaction will yield gross proceeds of up to US$403 million, enabling Tritium to expand its operations and manufacturing facilities worldwide. With a valuation of US$1.2 billion, Tritium aims to capitalize on the growing electric vehicle market, projected to grow at a CAGR of nearly 20% through 2040. The combined entity will trade under the new ticker symbol 'DCFC' on NASDAQ.
Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRNU) announced that starting March 29, 2021, investors can trade Class A common stock and warrants separately from the units initially sold during the IPO. The Class A shares will trade under the symbol DCRN and the warrants under DCRNW. Units that remain not separated will continue trading as DCRNU on NASDAQ. This does not constitute an offer to buy or sell the securities of the Company. Interested parties can obtain the final prospectus through specified contacts.