✉news LifeAutos first seen 14 h ago, last 5 h ago, peak #9
Everyday Electric Acquires Smartcar to Expand EV Fleet Business
Original: Everyday Electric Acquires Smartcar, Adds EVs to VPP
Electric vehicle company Everyday Electric has acquired Smartcar, and will add EVs to its virtual power plant (VPP) operations. The deal, reported by The EV Report, links Smartcar's technology with Everyday Electric's fleet, allowing electric vehicles to participate in grid services. Details on the transaction value and timeline have not been disclosed.
Why now: Acquisitions in the EV and grid-services space draw attention as companies race to integrate electric vehicles into virtual power plants.
Evidence
- Everyday Electric Acquires Smartcar, Adds EVs to VPP · The EV Report
API: https://socialmediatrends-api.osmike.com/v1/trends/1247497