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LeapCharger Corporation (OTC:LCCN) Stock Trends Higher: Here is Why

Madison Hall

Investors are naturally interested in companies related to the electric vehicle industry owing to the potential for exponential growth in the coming years. One of the companies that may be worth tracking is LeapCharger Corporation (OTC:LCCN), which is involved in the electric vehicle charging space and is known for its innovative technology, which provides sustainable and environmentally friendly solutions.

The company was in focus on February 2 when it announced that it had been successful in the installation of its second DC fast charger at La Residence. La Residence is a building situated in the Jumeirah Village Triangle in Dubai. However, more importantly, the company noted that it was the first of many collaborations for LeapCharger Corporation with Zarwah Developments. Zarwah is a well-known property development company based out of the United Arab Emirates, Oman, and the United Kingdom. Its aim is to provide ready-made as well as off-plan projects that exude comfort and luxury at prices that stand out.

The Chief Executive Officer of the company, Praveenkumar Vijaykumar, spoke about the development as well and expressed his excitement. He noted that the newly established partnership with Zarwah would help in the installation of DC fast chargers across a range of property developments. He also noted that the move was a further demonstration of the commitment of the company towards the creation of a more sustainable future.

Additionally, the collaboration would also help in making significant contributions towards the green initiatives in Dubai and bring about significantly positive changes in the electric vehicle space. In the news release, the company also noted that the collaboration would also help LeapCharger Corporation emerge as a pioneer in the sustainable property development space in Jumeirah Village Triangle. It was also revealed that the company would provide further information about the collaboration as and when it became available.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.