Electric vehicle charging program raises $6.2 million in funding, coming to Taco Bell


It’s been a big week for Taco Bell fans who don’t want to admit they’re Taco Bell fans. Just days after announcing a taco subscription service, the first of its kind, electric vehicle charging startup ChargeNet has announced plans to bring a complete charging solution to one of South San Francisco’s restaurants. later this month.

ChargeNet bills itself as a software startup that brings together fast EV chargers, onsite battery storage, solar power and a payment platform into a footprint designed to be “dropped off” in fast food parking lots existing. Once up and running, the company says customers will be able to add around 100 miles of range in about 15 minutes, and for less than $10.

Announced $6.2 million in funding will be used to build the first of ChargeNet’s solar-powered charging stations at a Taco Bell in San Francisco, as well as hire employees and launch the company’s early growth strategies .

“Electric vehicle drivers need fast charging as part of their daily routine,” says Brendan Bell, chief operating officer of Aligned Climate Capital, the company that led ChargeNet’s funding round. “More than five million people eat at Taco Bell restaurants across the country every day. ChargeNet brings fast charging to those drivers and clean power to restaurants. »

Who benefits from ChargeNet

As we enter the third year of the COVID pandemic (Uugh.) with no end in sight (UuuUuuggGH!!), it’s not just weird antisocial people and podcast addicts who find themselves eating their meals while driving in their cars. Heck – at this point in time and culture, it would probably be weirder if you does not have Avoid fast food areas. Seen in this light, having the option to fill your battery while you fill your belly in the same place seems quite convenient for the customer.

Fast food franchisees should also benefit from adding the ChargeNet system to their parking lots. By integrating solar panels and on-site energy storage, ChargeNet believes the restaurant will be able to reduce utility costs by using any excess energy generated by the solar panels.

Whatever math ChargeNet showed Taco Bell to back up these claims seems pretty compelling, as more than 70 Taco Bell locations are on the verge of adding ChargeNet systems, with six charging stations per restaurant, in coming months.

And, yes, that’s 420 charging stations.

Like you need another excuse

In addition to being able to quickly charge your car or bike, Taco Bell has launched an all-new subscription taco service that, for $10, grants members 30 tacos in 30 days. The nationwide launch of the “Taco Lover’s Pass” follows a successful pilot program in September 2021 in Arizona, where a number of taco lovers took advantage of the taco-a-day program.

Up to 20% of subscribers renewed for a second month, with fan-favorite Doritos® Locos Taco Supreme being the most traded item.

Electrek’s Grasp

Faster charging is a good thing – and that’s especially true if it’s incredibly visible a high-speed load that people who don’t own an EV will be able to see and think of as conveniently placed somewhere with a higher dwell time than they already use. Coupled with the natural shade of overhead solar panels and ChargeNet parking spaces become the ones you to want.

spring | Images: ChargeNet, via Taco Bell.

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