We are increasingly able to meet the needs of large chains, leading to more installation opportunities each year. We feel that understanding and acceptance have grown over time.
Currently, only about one-third of convenience stores, which are crucial rental and return locations for ChargeSPOT, have installations. We plan to continue expanding in areas and stores that align with our unit economics.
In addition to installing in new accounts, the number of units will also increase by expanding installations at existing sites and increasing the number of stands in high-demand stores (e.g., changing from 5 slots to 10, or adding a second 10-slot unit).