Xeal, a leader in the provision of electric vehicle charging stations and smarter technology to the multifamily sector, and Harrison Street, a leading investment management firm exclusively focused on alternative assets, announced a partnership. Xeal will install over 300 EV charging stations at selected Harrison Street senior housing and student housing properties in California, Massachusetts, Virginia and Texas.
Harrison Street chose Xeal’s vanguard EV solution to fulfill its tenant and resident demand for high-quality amenities and charging stations. It also wanted to offer the best seamless, reliable, and intelligent charging technology.
We are delighted to help Harrison Street in their efforts to speed up the installation of EV chargers on their properties to support the rapid growth of electric cars. Alexander (Zander), Isaacson, CEO and CO-Founder of Xeal, stated that Xeal’s EV charging technology and self-reliant communication architecture are the best options for residents and visitors. From our perspective, Harrison Street offers sufficient charging for today’s EV drivers. They also demonstrate the leadership that if they build it, they will follow. This leadership will help accelerate the transition to 100% clean energy.
Xeal’s charging platform is based on the patent-pending Apollo protocol. This uses distributed ledger technology and encrypted tokens for communication. It eliminates the need for expensive IT/network infrastructure upgrades and costs. This reduces capex and maximizes ROI. Drivers can access Xeal’s holistic software to charge their vehicles on demand. Owners can also install as many charging stations as they need without the need for electrical upgrades.
Harrison Street’s Chief Impact Officer and Managing Director Jill Brosig stated that Harrison Street is a pioneer in alternative real assets investing. One of these practices is to reduce carbon emissions. We will partner with Xeal to roll out more than 300 highly-reliable, technologically advanced EV charging stations. This will enable us to support vehicles and measure their emissions. These types of initiatives are a great way to help our communities move towards a net zero carbon economy.