The Next Generation of EV Chargers Is Here, and Xeal Wants to Install Them on Your Property

Xeal's chargers are poised to become the next gas stations, and property owners have the opportunity to get in on the ground floor of this budding industry.

With more than half of all Americans planning to buy an EV as their next vehicle, chargers are poised to become the next gas stations. Real estate owners now have a unique opportunity to install reliable, accessible charging infrastructure on their properties and begin to not only attract new tenants and retain existing ones but also open up a new revenue source. The Real Deal sat down with Xeal Co-Founder and CTO Nikhil Bharadwaj and Xeal CRO Eric Roseman to learn how their company is helping property owners bring this crucial infrastructure into the world.

“ROI comes in two flavors,” explains Roseman. “The first flavor is attracting new tenants.” According to Xeal’s numbers, 84% of renters who do not currently own an EV are more likely to consider a property that has chargers, while those who already drive an electric vehicle will look elsewhere if a property doesn’t offer them.

The second aspect of Xeal’s ROI proposition is, of course, the money that comes from the chargers themselves. “These are profitable vending machines that deliver electrons to charge cars and create a cash flow stream over time as more people charge their cars,” says Roseman. 

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