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Recharge Wrap-up: Tesla P85D upgrades coming soon, lease a Chevy Volt for $149 a month

CarCharging has raised $6 million from shareholders and has restructured to save cash. The EV charging company plans to expand further in 2015 - with an eye toward achieving profitability - in part by investing in technology and "unlocking the value of our significant equipment inventory," says CarCharging CEO Michael D. Farkas. The group expects to reduce administrative costs by 40 percent, and has hired an interim Chief Financial Officer to help carry out its plans for growth. CarCharging raised the cash through offering convertible preferred stock to its shareholders, whom Farkas thanked "for their passion and patience." Read more in the press release below. Rydell Chevrolet in Los Angeles is offering Chevrolet Volt leases for $149 per month. In a video ad, Rydell offers the Volt for $169 a month with $3,390 due at signing, but another ad shows the offer at $149 a month with $3,550 down or $248 per month with $0 down. Rydell Chevrolet will ship the car anywhere in the lower 48 states. It also appears they offer cupcakes. See Rydell's video below, or read more at Inside EVs. Tesla will upgrade the Model S P85D with higher performance and top speed. The free update, which is due "in the next few months" according to a statement from Tesla, will raise the electronically limited top speed from 130 to 155 miles per hour. "Additionally, an over-the-air firmware upgrade to the power electronics will improve P85D performance at high speed above what anyone outside Tesla has experienced to date," Tesla says. The update will be available for the lifetime of the car, which includes subsequent owners. Read more at Green Car Reports. Car Charging Group Completes $6 Million Capital Raise Concurrently Enacts Restructuring Actions to Reduce Cash Burn MIAMI BEACH, Fla., Dec. 29, 2014 /PRNewswire/ -- Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging" or the "Company"), the largest owner, operator, and provider of electric vehicle (EV) charging services, today announced that it has closed an offering (the "Offering") and raised net proceeds of up to $6 million with current institutional shareholders. The Offering consisted of convertible preferred securities with a conversion price of $0.70 and warrants exercisable at $1.00. Proceeds will be used to: - Strengthen CarCharging's balance sheet; - Build on the past year's progress; and - Provide growth capital for expanding the Company's network.

Recharge Wrap-up: Tesla's largest private Supercharger order, Sec. Foxx talks safety in innovation

Tesla will deliver its largest order yet for a private Supercharger station. The all-Tesla Teo Taxi fleet servicing the Montreal-Trudeau Airport will have 12 charging stalls in its private station. The two-stall Superchargers Tesla sells for private use are capped at 60 kW, unlike the 120-kW chargers Tesla operates for public use. Tesla doesn't disclose the price of its private Superchargers, but rumors suggest a two-stall charger costs around $60,000, but can come free with a large order of vehicles. Read more at Electrek. French zero-emission delivery service Cetup set a new range record for the Renault Kangoo ZE-H2 EV equipped with a fuel cell range extender. The drivers logged 228 miles over 10 hours and 36 minutes, with a fully charged 22-kWh battery pack and four pounds of hydrogen in the tank. This took place at night in and around the city with lights and heat turned on, averaging 22 mph. "Reaching such impressive performance with a first generation vehicle delivered in January 2015 is remarkable," says Fabio Ferrari, founder and General Manager of Symbio FCell (the company that provides the car's fuel cell). "The new versions of our Kangoo ZE-H2, currently in production, reduce the hydrogen consumption even more. Beyond, a new 700 bar option will get us close to the 500 km range mark." Read more at Green Car Congress. EVgo has taken on JMPR as its public relations agency. As the EV charging service continues to grow, JMPR will help bring awareness to EVgo through various campaigns targeted at consumers, potential partners, and policy makers. "Electric vehicle charging is critical to EV adoption and is set to explode over the coming years," says EVgo VP of Product Strategy and Market Development Terry O'Day. "EVgo is positioned to further build out our industry-leading fast charging network. We are excited to work with JMPR and tell the story of how EVgo is at the forefront of powering the electric vehicle revolution." Read more in the press release from JMPR. US Transportation Secretary Anthony Foxx spoke about electric, automated, and connected vehicles during a visit to the International Transportation Innovation Center (ITIC) in Greenville, South Carolina. Foxx highlighted the importance of safety, and discussed roadside sensor systems, camera-based vehicle side collision avoidance, and cybersecure wireless charging infrastructure.

You, too, can sleep in a Tesla Model S for just $85

The Tesla Model S has received near universal praise for its ability to combine the efficiency the electric power and the performance expected from a luxury sedan. However, rarely has the Tesla been complimented for its capability as a camper capable of sleeping two people; in fact that has never happened. Though, a guy named Steve on Airbnb in Phoenix, AZ, is trying to change that perception by renting out his Model S (pictured above) as a motel for $85 a night. If you're not familiar with it, Airbnb is a peer-to-peer lodging service that lets people rent their homes to visitors for short stays. Steve isn't offering his house, at least not all of it, just the Tesla Model S to sleep in. Although, folks are also able to use the kitchen, living room, TV and bathroom in his condo. It's actually hard to tell if this guy is joking or not during some portions of his ad. For example, you shouldn't worry about comfort because photos show an airbed able to sleep two people in the back of the Model S. Also, security shouldn't be a concern because renters are "locked securely in my attached garage" at night. Don't you feel safer already? Light shouldn't be a problem either because the vehicle is equipped with two remote-controlled candles. This might not be the most relaxing vacation to Phoenix, though. The host admits that the Tesla is his personal car, and that means renters need to be up by 8:00 AM for him to go to work. Since Steve's also a licensed limo driver, you can hire him to drive you around, even on guided tours. Related Video: