LeapCharger Corporation (OTC:LCCN) Stock Surges 25%: Here Is why
It is always regarded as significant when a company highlights its growth strategy and mission, which is why this morning could be a good time for investors to start taking notice of LeapCharger Corporation (OTC:LCCN). It is an emerging growth-focused company with the objective of providing electric vehicle charging solutions of high quality to both businesses and consumers.
The company’s operations are currently based in the United Arab Emirates, but it aims to expand into North America, South Asia, and the European Union in the near term. The company announced in its news release on October 13 that it sought to bring about a future in which the act of charging an electric vehicle could be as easy as a click.
The company noted that although electric vehicles reduced pollution, it depended on the environment since it needed its power supply from a power grid. Once the number of electric vehicles goes up, there is a distinct possibility of stability issues in the power systems. LeapCharger noted that it was its vision to provide a smart grid platform powered by blockchain that would be able to keep the levels of power fluctuation to a minimum. Additionally, it would also keep the charging costs for electric vehicle owners stable.
The Chief Executive Officer and President of LeapCharger, Praveenkumar Vijaykumar, spoke about its vision. He noted that the company was focused on every possible resource in order to emerge as a disruptive entity in the fast-growing electric vehicle charging industry. He elaborated that the best way of going about it would be to position its electric vehicle charging stations in such a way that they were accessible to a large number of end users.
Concurrently, the company would also work with businesses and local governments so that the resultant infrastructure turns out to be an eminently user-friendly one. Vijaykumar went on to add that LeapCharger had a target of having at least 250 fully operational electric vehicle charging stations by the end of next year.
The co-founder of the company and its Chief Technology Consultant, Shubham Kumar, spoke about the role innovation was going to play in powering the charging industry forward. He stated that the vision of LeapCharger was to reduce charging time to the minimum level and to also provide a smooth charging experience to the consumer.
One of the more important things he stated was that the company’s charging stations would provide a significant range of charging speeds so that it could be possible for the company to provide its service to a large number of electric vehicle models. The considerable connections of Kumar had also become important for the company in its grand vision. He used those connections to expand the charging network of LeapCharger considerably across a number of regions. The company also noted that it was also working on a number of innovative steps to make the charging experience a pleasant one for consumers.