XCharge North America (NA) and Ascentium Capital have introduced a leasing program aimed at helping small-business owners install DC fast chargers without the burden of significant upfront investment or dependence on government incentives.
Under the program, businesses can lease XCharge NA’s DC fast chargers, capable of delivering up to 400 kW, for a fixed monthly rate. Participants can capture full charging revenue, unlike traditional charging-as-a-service models where operators take a share. The initiative follows a financing structure commonly used in the auto industry, bundling equipment, installation, warranties, and maintenance into a single package.
XCharge NA noted that its GridLink and C6 chargers can be installed more quickly than typical fast chargers and are relocatable if needed. The chargers are designed to integrate with existing electrical infrastructure, reducing the need for grid upgrades or new transformers.
“At our core, XCharge NA has always been focused on making EV charging more accessible for businesses of all sizes – from high-traffic airports to small-business owners,” said Aatish Patel, co-founder and president of XCharge NA. He added that the partnership with Ascentium provided the financial expertise necessary to launch the program.
Stephen Interlicchio, senior vice president of strategic services at Ascentium, said, “This type of flexible capital option is exactly what the industry needs now, especially to empower small businesses and real estate owners that don’t have the ability to pay significant costs up front but are committed to participating in the EV transition.”
The U.S. public DC fast-charging market is projected to grow at a 14% compound annual rate through 2040, potentially generating $3.3 billion in annual market value, making programs like this a strategic opportunity for smaller operators.