Flo, founded in Quebec City in 2009, is expanding in both markets. After scaling up across Canada, it moved into the United States in 2018 and currently has more than 60,000 chargers operating in the two countries.
To localize and scale up production in the United States, Flo announced plans in June to spend $3 million to open a Michigan assembly plant. The site in Auburn Hills, north of Detroit, is scheduled to open this fall and gradually ramp up to producing 30,000 EV chargers per year. Along with charger sales, Flo generates 15 per cent to 20 per cent of its revenue from software and servicing its stations.
“We’re working on the biggest challenge of our time, which is the fight against climate change, and it’s impossible that one company does it,” he said.
Source: News Formal (newsformal.com)
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