Be Charge and Telepass, a new partnership for charging electric cars

Be Charge and Telepass, a new partnership for charging electric cars

Be Charge and Telepass

Starting yesterday, motorists traveling with zero emissions will be able to enjoy a very advantageous service. In fact, thanks to the collaboration between Be Charge and Telepass, it will be possible to recharge at the columns of the company of the Be Power S.p.A. Group. and make the payment through the Telepass system. According to what was stated by the two companies involved in the new partnership, it would seem that Be Charge itself is the first operator in the sector linked to charging stations to use Telepass services. However, "it is only the first step in a collaboration that may extend in the future to further areas of activity".

So, by downloading the Be Charge app or the Telepass Pay app, motorists interested in the service will be able to view and book the column to recharge their electric vehicle. Obviously, the columns that can be used for payment with Telepass are of different types, just to name a few there are those whose operation takes place through alternating current at 22 kW or those with direct current with a power that reaches up to 300 kW. . Obviously, among the next objectives to be achieved, there is that relating to the installation of about 30,000 charging points capable of delivering 100% green energy, therefore that comes exclusively from renewable sources. Therefore, the intent is to follow Tesla's path, in fact the US company recently launched new Superchargers in China.

Surely, the new partnership will affect hundreds of thousands of motorists. Telepass CEO Gabriele Benedetto also spoke on the matter. He allegedly stated the following:

The partnership with Be Charge allows us to offer approximately 300,000 Telepass customers who already drive electric or hybrid cars access to the largest interoperable charging network in Italy, all conveniently through our Telepass Pay app.

In addition, Paolo Martini, as well as CEO of Be Charge, states that the agreement is "A fundamental step in the evolution of the most innovative services". Adding immediately after:

The capillarity of our network combined with the top-up experience offered by our app and the constant integration with other platforms such as Telepass Pay, aims more and more to contribute to the development of a new paradigm of mobility, still in its initial phase, but in great growth.

Exclusive-Atlantia to use motorway sale proceeds for deals and helping units invest - source

By Francesca Landini

MILAN (Reuters) - Italy's Atlantia will use most of the 8 billion euros ($9.6 billion) of proceeds from selling its motorway unit for deals and helping its subsidiaries invest rather than paying down their debts, a senior source within the group told Reuters.

The infrastructure group had around 40 billion euros of consolidated net debt at the end of 2020, leading some analysts to expect part of the money would be used to clear borrowings.

However, the source, who declined to be named, said some of the funds would be used to help subsidiaries do deals and invest so they can generate cash to service and pay off their own debt.

For example, Spanish toll-road subsidiary Abertis, which alone had nearly 24 billion euros of debt last year, could be used as a platform to pull together other motorway concession businesses.

Atlantia's other subsidiaries include Rome airports operator AdR, Nice airport operator ACA and toll-road digital payments group Telepass.

Atlantia, controlled by the Benetton family, agreed this month to sell its 88% stake in motorway unit Autostrade per l'Italia in a deal that will end a dispute sparked by the deadly collapse in 2018 of a bridge in Genoa.

The deal is expected to complete in 6-8 months.

Last week, Atlantia said it would return to paying dividends and spend up to 2 billion euros on a share buyback, but was silent on debt.

The source said Atlantia Spa, the holding company at the top of the group, had already reduced its own net debt to 2.75 billion euros this year, from above 4 billion euros in 2020, and its earliest bond maturity was September 2023.

Consolidated debt is manageable since it is divided among subsidiaries and managed by each of them, the source added.

On Tuesday, credit rating agency Standard & Poor's upgraded Atlantia, Autostrade and Aeroporti di Roma (AdR) following the deal to sell Autostrade.

($1 = 0.8375 euros)

(Reporting by Francesca Landini; Editing by Mark Potter)