As expected, Ecotality is bowing out. The electric vehicle charging station maker just filed for bankruptcy protection and plans to auction off its assets next month. Ecotality and five affiliates filed for Chapter 11 protection Monday at the US bankruptcy court in Phoenix, AZ. The charging station company said eight parties would like to bid on its assets, and that it would like to hold an auction on October 9. Closing of the auction is expected to happen within two days.
There have certainly been reports of problems with some Ecotality stations and projects, but the news out this week is bigger than anything we've seen before. Ecotality, the maker of Blink charging stations that is says have delivered over 98 million electric miles to customers so far, admits 2013 has been a tough year. Sales of the company's EVSEs (i.e., charging stations) were down, the planned Minit Charger was full of problems and thus will not be released as planned and now the DOE has susp
ECOtality may have doubled the number of electricity-powered vehicle miles from its chargers during the past six months, but that doesn't mean the San Francisco-based company is taking its foot of the figurative gas pedal.