Wells Fargo Partners with ChargePoint and EnTech to Offer Financing Solutions for EV Charging Infrastructure

ChargePoint, a provider of solutions for charging electric vehicles, formed a partnership with Wells Fargo and EnTech Solutions, a distributed energy solutions provider, to offer financing solutions for businesses building out charging infrastructure for EV fleets.

Wells Fargo has worked with EnTech Solutions to create a financing program specifically for the eSkid charging solution, a rapidly deployable EV charging platform utilizing ChargePoint hardware and software. The funding provides a financial package with various term options and a simple application process, and it bundles the EnTech Solutions eSkid with ChargePoint chargers, installation, warranty and software.

EnTech Solutions’ eSkid charging solution is a rapidly deployable EV charging station designed to drop in place, allowing businesses to offer charging within days of installation. The eSkid has configurable plates to accommodate different charger orientations — it comes pre-wired for two ChargePoint Express 250 charging stations with the option to have different chargers installed — providing options intended for private use with commercial vehicle fleets and businesses.

“EnTech Solutions is pleased to collaborate with Wells Fargo and ChargePoint to easily bring these flexible, configurable EV charging solutions to EV owners and EV fleet managers,” Wade Leipold, executive vice president with Faith Technologies Incorporated, the parent brand of EnTech Solutions, said. “Together, we can contribute to lowering carbon emissions through supporting the growth of electric vehicle utilization.”

“For many years our clients have told us a significant impediment to the deployment electric vehicles in their fleets is the availability and installation of charging equipment and infrastructure,” John Crum, head of transportation for Wells Fargo Equipment Finance, said. “We are excited to collaborate with industry leaders such as ChargePoint and EnTech Solutions to bring a streamlined financing program for the rapidly deployable, eSkid charging stations that will provide opportunities for companies to become more sustainable.”

“ChargePoint is committed to enabling opportunities for more companies to participate in the transition to electric mobility,” Rich Mohr, senior vice president in the Americas at ChargePoint, said. “With Wells Fargo and EnTech Solutions, we are delivering an innovative, turn-key charging solution, while simultaneously reducing a barrier to entry by eliminating upfront investments in infrastructure and drastically reducing time deployment.”

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