CBRE Group partners with electric-vehicle firm

Invisible Urban Charging (IUC) has entered into an agreement with CBRE Group to support a nationwide rollout of electric vehicle (EV)-charging stations. Working with CBRE, IUC is targeting the deployment of 1 million EV chargers during the next five years – the largest EV commitment made by a company.

“We’re honored to partner with CBRE to accelerate the transition to electric transport,” said Nigel Broomhall, CEO and co-founder of IUC. “This collaboration, which is the largest EV charging-as-a-service deal worldwide, sets a new standard in property development and revolutionizes the EV-charging landscape. We’re not only enhancing property values, but also shaping a future where sustainability and innovation go hand in hand.”

Under the terms of the agreement, CBRE will provide site selection, project management, installation, and ongoing maintenance services. In turn, IUC will provide the funding and the charging hardware and software as well as manage op