CarCharging Selects DoubleBeam to Develop Mobile Payment Application for its Subscription Plans

Nationwide Provider of Electric Car Charging Services to Provide Payment Processing for EV Charging Directly from Mobile App

Car Charging Group, Inc. (OTCQB: CCGI) (“CarCharging”), a nationwide provider of convenient electric vehicle (EV) charging services, announced its selection of mobile retail service provider, DoubleBeam, to develop its proprietary mobile application (“app”). CarCharging anticipates that its mobile app will provide EV drivers with the ability to pay for their EV charging sessions directly from their mobile phone and enable them to manage their participation in CarCharging’s subscription plans.

For its mobile app, CarCharging intends to utilize DoubleBeam’s white-labeled mobile wallet service, which permits customers to pay for EV charging services via electronic check, debit from their bank account, or by credit card; thereby, streamlining payment processing and reducing fees. Users of the mobile app will have the option to enter payment information for each transaction, create an account and store payment information, or participate in one of CarCharging’s subscription plans. The plans will integrate residential EV charging services, including single-family homes, and dedicated multifamily and workplace parking spots, with public EV charging services.

“We are proud to partner with DoubleBeam in order to create our mobile app,” said Michael D. Farkas, CEO of CarCharging. “In an effort to simplify the payment process and expand our offerings, we plan to provide EV drivers with the ability to manage charging at single-family homes; or dedicated parking spaces at apartments, condos, and workplaces; and tie them into our public EV charging through one universal app for a combined price.”

“We are extremely excited to partner with CarCharging, a leader in the dynamic, high-growth, electric car industry,” added Ted Tekippe, CEO of DoubleBeam.  “We look forward to launching a mobile solution that delivers real value to electric car drivers, while reducing operational costs for both CarCharging and its customers.”

It is anticipated that CarCharging’s mobile application will operate basic functions of residential charging equipment and be available for iPhone, Android, Windows, and Blackberry phones. Additionally, CarCharging’s customers will be able to continue to utilize CarCharging’s public charging locations on the ChargePoint® network and find EV charging station locations using the CarCharging map at www.CarCharging.com.

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