Car Charging Group, Inc. (OTCQB: CCGI), the largest owner, operator, and provider of electric vehicle (EV) charging services, announced that it has received financing in the form of a loan from The Farkas Group, Inc. for $200,000.
$105,000 of the funds will be applied to CCGI/PAT, LLC (CarCharging/Pennsylvania Turnpike) and the remaining balance will be applied to CarCharging. The founder and manager of Farkas Group is CarCharging's Executive Chairman, Michael D. Farkas.
This press release does not constitute an offer to sell or a solicitation of an offer to buy shares in CarCharging, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services, enabling EV drivers to easily recharge at locations throughout the United States. Headquartered in Miami Beach, FL with offices in San Jose, CA; New York, NY; and Phoenix, AZ; CarCharging's business model is designed to accelerate the adoption of public EV charging.
Through its subsidiary, Blink Network, CarCharging also provides residential EV charging solutions for single-family homes. For more information, please visit www.BlinkHQ.com.
