CHARGE NETWORK signed Memorandum of Understanding (MOU) with UAB Ride Share which operates electric car sharing service under brand SPARK.
SPARK operates in Lithuania, Bulgaria and Romania and owns 200+ EV fleet and a closed-private network of 70+ EV charging stations.
Partnership is mutually beneficial as SPARK’s network of EV charging stations certain amount of time is under-utilised and company is considering opening its EV charging network to commercial use at certain time slots.
CHRG Network will develop platform integration with SPARK’s EV charging network. This way charging stations will become accessible for CHRG Network users and will contribute to SPARK’s revenue stream.
SPARK’s main goal is to rapidly expand its EV sharing platform to new markets. Limited access to charging infrastructure is a bottle neck in EV car sharing business. This is where CHRG NETWORK will come in and provide access for SPARK’s EV fleet to all charging stations connected to CHRG NETWORK platform with the aim to decrease SPARK’s reliance on its own EV charging network.
Both companies believe this memorandum will be a basis for long lasting and mutually beneficial partnership.