Innovative Financing Initiative to Enhance EV Charging Infrastructure
09/23/2025 – 07:30 AM
This pioneering program presents small-business proprietors with a comprehensive, budget-friendly avenue to engage in the expanding EV charging sector.
KYLE, Texas — (BUSINESS WIRE) — XCharge North America (“XCharge NA”), a subsidiary of XCHG Limited (NASDAQ: XCH), renowned for integrating high-power EV charging with solutions to reinforce the North American electrical grid, in collaboration with Ascentium Capital, a division of Regions Bank, is launching an unprecedented initiative aimed at accelerating EV charging infrastructure across the United States, making charging solutions more accessible and lucrative for small business owners.
The collaboration has devised a financing paradigm focusing on generating new income for enterprises wishing to install EV charging stations. Notably, the public DC fast charger sector is anticipated to expand at a 14% compound annual growth rate until 2040, amassing $3.3 billion annually.
This financing initiative empowers small enterprises to tap into this burgeoning market, devoid of reliance on federal grants or governmental incentives. Unlike traditional Charging-as-a-Service (CaaS) models, where operators receive a revenue split, lessees of the EV charging equipment can retain the entire revenue generated.
Mirroring financial strategies utilized by the automotive sector, XCharge NA and Ascentium’s program provides a flexible, low-risk solution for managing EV charging assets. Additionally, the DC fast chargers—boasting power outputs of up to 400 kW—are designed for effortless relocation across various sites. Key highlights of the program include:
- Cost-Effective Acquisition of Charging Equipment: Businesses can secure charger installations at a reasonable monthly rate, significantly reducing the financial burden of upfront costs.
- Lowered Initial Capital Investment: XCharge NA units seamlessly integrate into the current infrastructure, negating the necessity for expensive civil works or extensive grid modifications.
- Accelerated Deployment: The GridLink and C6 chargers boast implementation times superior to conventional fast charging units, enabling businesses to swiftly operationalize charging stations.
- Simplified Operations: The financing consolidates equipment, warranties, and maintenance into a single package, alleviating the complexities of ownership and allowing enterprises to concentrate on expansion.
“At XCharge NA, we are unwaveringly committed to enhancing EV charging accessibility for businesses of every scale, from bustling airports to small retailers. Our innovative financing model has been crafted to mitigate the risks faced by those venturing into the EV charging realm without facing substantial initial capital outlay,” stated Aatish Patel, co-founder and president of XCharge NA.
“Our partnership with Ascentium lends us great confidence that this unprecedented financing structure will unveil new income pathways for small business owners, subsequently catalyzing EV adoption across the nation.”
“This initiative is designed not only for present needs but also for the future, as the landscape of charging capabilities and EV adoption evolves,” commented Stephen Interlicchio, Senior Vice President of Strategic Services for Ascentium Capital.
“Such adaptable financing options are precisely what the industry currently requires, particularly to empower smaller enterprises and property owners who are dedicated to the EV transition but are unable to afford significant upfront expenditures.”
About XCharge NA
XCharge NA specializes in advanced EV charging and battery-integrated innovations tailored for the North American electrical grid. With solutions aimed at energy storage and grid resilience, XCharge NA delivers scalable open-access EV charging solutions engineered to fortify the nation’s electrical and broader energy infrastructure.
About XCharge
Founded in 2015, XCharge stands at the forefront of integrated EV charging innovations. Its offerings encompass comprehensive DC fast charging solutions alongside sophisticated battery-integrated technologies and services designed to augment charging efficiency and optimize energy management.
Focused on sustainable and efficient EV charging solutions, XCharge is committed to fostering a global green future essential for its long-term viability and growth.
About Ascentium
Ascentium operates as a division of Regions Bank, providing an extensive array of business equipment financing, leasing, and loan options throughout the U.S. Ascentium’s services cater to equipment manufacturers, distributors, and a diverse range of businesses nationwide.
To learn more about Ascentium and its financial products, visit AscentiumCapital.com. Ascentium and XCharge NA are independent entities; neither acts as the other’s agent, nor does Ascentium manufacture, sell, or distribute the financed property.
Safe Harbor Statement
This announcement contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements not based on historical facts, including those regarding the company’s beliefs and expectations, are forward-looking statements.
Such statements entail inherent risks and uncertainties that may lead to outcomes differing significantly from those anticipated. Common indicators of forward-looking statements include terms like “may,” “will,” “expect,” and “believe.”
Additional information regarding relevant risks, uncertainties, or factors is available in XCharge’s filings with the United States Securities and Exchange Commission. The information in this press release is accurate as of its release date; the company does not commit to updating this information except as mandated by law.
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