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XCharge North America and Gateway Fleets Bring Advanced EV Charging to Southern California's Last-Mile Logistics

1. XCharge NA deployed GridLink chargers at Gateway Fleets' new EV depot. 2. Gateway's acquisition is aimed at expanding EV infrastructure nationally. 3. California is advancing clean vehicle mandates despite policy uncertainty. 4. XCharge's technology integrates energy storage to optimize charging efficiency. 5. Gateway helps fleets lower costs while maintaining ZEV compliance.

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FAQ

Why Bullish?

The partnership with Gateway enhances XCharge's market position amid growing EV demand.

How important is it?

Investment in EV solutions aligns with market trends, suggesting a positive outlook for XCH.

Why Long Term?

Ongoing EV infrastructure investments will incrementally boost XCH as the market grows.

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RIVERSIDE, Calif.--(BUSINESS WIRE)--XCharge North America (“XCharge NA”), the North American subsidiary of XCHG Limited (NASDAQ: XCH) and a provider of high-power EV charging and battery-integrated solutions designed to strengthen the North American electrical grid, has deployed two dual-dispenser GridLink chargers at a newly launched EV charging depot in Riverside, California, developed and operated by Gateway Fleets, the electrification platform purpose-built for last-mile delivery. The new site, powered by XCharge NA’s technology, provides Gateway customers—including medium-duty fleets and independent FedEx operators—with reliable, cost-effective charging, and also helps accelerate fleet electrification nationwide. This launch comes as Partners Group, one of the largest firms in the global private markets industry, recently acquired a controlling stake in Gateway Fleets, on behalf of its clients, to fund an accelerated rollout of EV-ready depot infrastructure. Despite growing uncertainty around the status of California's clean energy policies, the state remains committed to advancing the clean vehicle transition and upholding its Zero-Emission Vehicle (ZEV) mandates. As utilities struggle to meet growing demand for power to support these mandates (100% ZEV by 2040 for medium- and heavy-duty vehicles), many EV charging sites are turning to battery microgrids for quicker, more efficient power without straining the grid. With XCharge NA’s innovative load-management technology integrating energy storage with rapid charging capabilities, GridLink takes in electricity during off-peak hours to avoid peak demand charges and uses 430 kWh of stored energy to charge during the day, reducing overall energy costs. Gateway is using this battery-integrated solution to deliver more reliable, cost-effective charging for last-mile delivery operators. By combining flat-rate EV leasing with dependable infrastructure, Gateway helps operators lower their monthly costs, avoid peak energy charges, and stay compliant with California’s zero-emission vehicle requirements—without requiring that they own or manage the charging equipment. “Gateway Fleets was looking for a charging technology provider that understood the operational demands of last-mile delivery and could match the speed, reliability, and scalability required to serve last-mile delivery operators,” explained Bruce Pflaum, CEO and Founder of Gateway Fleets. “We chose to partner with XCharge NA because their solution is easy to operate, dependable under daily load, and built with commercial fleets in mind. XCharge NA's high battery capacity and space-efficient dual-dispenser units, coupled with its responsive team and capacity to support high vehicle throughput, made it stand out from other charging providers in the market.” “This partnership exemplifies how far EV charging has come. With GridLink’s battery-integrated technology, we’re helping companies like Gateway better optimize existing electrical infrastructure in locations—sites by and large that are grid limited—where reliability, uptime, and speed to deployment can have an even bigger impact,” said Aatish Patel, co-founder and president of XCharge NA.“By transforming these sites into dependable charging hubs, we’re making electrification more practical and cost effective. XCharge NA is proud to work alongside partners like Gateway Fleets who are pushing the industry forward and realizing the promise of the EV transition for last-mile logistics operators.” To learn more about GridLink’s fast-charging and grid stability capabilities, visit: https://www.xcharge.us/product/gridlink. About XCharge North America XCharge North America (XCharge NA) specializes in high-power EV charging and battery-integrated solutions tailored to the North American electrical grid. With solutions that store energy, improve grid resilience, and create new revenue streams, XCharge NA is the first scalable open-access EV charging solution designed to strengthen the country’s electrical grid and broader energy infrastructure while providing charging solutions for EVs from individual to fleet. About XCharge XCharge (NASDAQ: XCH), founded in 2015, is a global leader in integrated EV charging solutions. The company offers comprehensive EV charging solutions, which primarily include the DC fast chargers and the advanced battery-integrated DC fast chargers as well as its accompanying services. Through the combination of XCharge’s proprietary charging technology, energy storage system technology and accompanying services, the company enhances EV charging efficiency and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working toward establishing a global green future that is critical to long-term growth and development. About Gateway Fleets Gateway Fleets provides electric vehicle leasing and charging-as-a-service solutions for last-mile delivery operators. With flexible financing and no upfront capital required, Gateway offers bundled EV leases, fixed-rate charging, and turnkey depot infrastructure. This makes it easy for operators to go electric while lowering costs, improving reliability, and maintaining high safety standards. All backed by dedicated support and real-time fleet monitoring. Safe harbor statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and the company does not undertake any duty to update such information, except as required under applicable law.

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