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LilyPad EV, Tandem Finance Launch Collaboration

December 02, 2022, 07:19 AM
Filed Under: Program Agreements

LilyPad EV LLC, a nationwide full-service electric vehicle charging station provider for commercial businesses, announced the collaboration with Tandem Finance to streamline the financing process for auto dealerships and all small and medium-sized companies wanting to install EV charging station infrastructure.

As a ChargePoint premier partner, LilyPad EV launched in 2009 to meet the growing demand for high-quality EV Charging solutions – at present, LilyPad EV has completed over 5,000 turn-key installations.

"Our biggest takeaway from customers like new car dealers is that the responsibility of EVs, and EV charging, have been brought upon them suddenly with scant support and quite a large learning curve. Our job as their trusted EV partner is to educate, consult and ultimately find the right solution for their business. We chose a relationship with Tandem Finance because we can trust them to have the best interest of our customers; they understand the impact EV charging opportunities bring to business owners and the communities they serve," said Frank Huerta, Product Manager at LilyPad EV.

Tandem Finance is the first and only U.S. equipment financing company to serve in the vendor channel as a direct lender that can accommodate commercial customers of all credit grades - offering full-funding equipment financing. Tandem provides leverage by offering broad and deep approval capabilities, and funding designed per customer per site.

Joe Galo, Tandem's Senior Sales Manager, said "Tandem Finance was designed to accommodate every type of business, from a blue- chip enterprise to your average startup. That mission extends to an emerging industry of providing EV charging equipment throughout the United States. By offering market leading rates for LilyPad EV customers who invest in ChargePoint's best-in-class program, Tandem is empowering business-owners to join the electric revolution."

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