This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CarCharging Selects DoubleBeam To Develop Mobile Payment Application For Its Subscription Plans

MIAMI BEACH, Fla., Feb. 8, 2013 /PRNewswire/ --  Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, announced its selection of mobile retail service provider, DoubleBeam, to develop its proprietary mobile application ("app"). CarCharging anticipates that its mobile app will provide EV drivers with the ability to pay for their EV charging sessions directly from their mobile phone and enable them to manage their participation in CarCharging's subscription plans. 

For its mobile app, CarCharging intends to utilize DoubleBeam's white-labeled mobile wallet service, which permits customers to pay for EV charging services via electronic check, debit from their bank account, or by credit card; thereby, streamlining payment processing and reducing fees. Users of the mobile app will have the option to enter payment information for each transaction, create an account and store payment information, or participate in one of CarCharging's subscription plans. The plans will integrate residential EV charging services, including single-family homes, and dedicated multifamily and workplace parking spots, with public EV charging services. 

"We are proud to partner with DoubleBeam in order to create our mobile app," said Michael D. Farkas, CEO of CarCharging. "In an effort to simplify the payment process and expand our offerings, we plan to provide EV drivers with the ability to manage charging at single-family homes; or dedicated parking spaces at apartments, condos, and workplaces; and tie them into our public EV charging through one universal app for a combined price."

"We are extremely excited to partner with CarCharging, a leader in the dynamic, high-growth, electric car industry," added Ted Tekippe, CEO of DoubleBeam.  "We look forward to launching a mobile solution that delivers real value to electric car drivers, while reducing operational costs for both CarCharging and its customers."

It is anticipated that CarCharging's mobile application will operate basic functions of residential charging equipment and be available for iPhone, Android, Windows, and Blackberry phones. Additionally, CarCharging's customers will be able to continue to utilize CarCharging's public charging locations on the ChargePoint ® network and find EV charging station locations using the CarCharging map at

About Car Charging Group, Inc. 

Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services at accessible and convenient locations. Headquartered in Miami, Florida with offices in California, Canada, and Spain, CarCharging is committed to creating a robust, feature-rich network for EV charging. CarCharging typically pays for all hardware, installation, maintenance and related services; therefore, eliminating initial capital costs for all property owners. 

CarCharging has more than 45 strategic partnerships across various business sectors.  CarCharging's partners manage or own a total of 6.5 million parking spaces, and include, but are not limited to City Park, Ace Parking, Central Parking, Equity One, Equity Residential, Walgreens, Pennsylvania Department of Environmental Protection, City of Miami Beach, and the City of Norwalk, Connecticut.  CarCharging's services utilize EV charging stations manufactured by ChargePoint®.

For more information about CarCharging, please visit

About DoubleBeam

DoubleBeam provides white-labeled mobile retailing solutions for retailers, including payment, data capture, and targeted marketing services. Through e-checking and data capturing, DoubleBeam allows retailers to see huge savings on transaction fees, increased marketing ROI and enriched customer engagement. Additionally, because DoubleBeam operates in a secure cloud-based environment, the solution is easily integrated into a retailers current POS system. DoubleBeam is located in Pasadena, California.

Forward-Looking Safe Harbor Statement

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.  Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs