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Car Charging Gets $230 Million EV System From Bankrupt Ecotality

Car Charging Group Inc., the Miami Beach-based operator of electric-vehicle charging stations, acquired the assets of bankrupt competitor Ecotality Inc. for $3.34 million, gaining a $230 million network partially funded by the U.S. Energy Department.

Car Charging paid cash for Ecotality’s Blink Network and related assets, including more than 12,500 charging stations, according to a statement today.