ChargePoint (NYSE: CHPT) has just rolled out an affordable EV charging solution for fleets aiming to go electric without breaking the bank.

The new CPF50 Level 2 charger is priced at $699, making it easier for fleet operators to electrify their vehicles with lower upfront costs. This solution is perfect for small businesses starting to make the switch or larger fleets that want to cut their total cost of ownership.

The CPF50 can be paired with ChargePoint’s fleet management software, which keeps fleet operators in the loop with real-time data on vehicle readiness, power usage, and charging station status. It also provides energy management tools to help save on fuel costs, manage access control, and simplify the complexities of station management. Multiple CPF50 units can be managed through the cloud, allowing power sharing to cut charging costs and extend battery life. Plus, the CPF50 can be fitted with either J1772 or NACS connectors, so it’s flexible enough to work with different types of EVs.

ChargePoint CEO Rick Wilmer emphasized the company’s goal of making it easy for everyone to go electric, whether it’s individuals, businesses, or fleets. The CPF50, the company’s lowest-cost commercial charger yet, aims to make EV charging more accessible for small and large fleets alike. “We’re making the hardware more affordable, and when combined with our powerful fleet software platform, the offering can meet the charging needs of fleets of all sizes to optimize their savings,” Wilmer said.

With transportation accounting for almost 30% of greenhouse gas emissions in the US, electrifying fleets is a huge step toward achieving federal emissions reductions targets. Electric commercial vehicles are now starting to roll out across light, medium, and heavy-duty categories, allowing more fleets to finally make the shift to electric and cut down on emissions.

ChargePoint is also looking ahead to charging electric heavy-duty vehicles. Its Megawatt Charging System is set to make long-haul electric trucking feasible, with chargers delivering energy up to 20 times faster than current DC chargers for passenger EVs. Announced earlier this year, ChargePoint’s Megawatt Charging System will support bi-directional charging and will enable output of up to 3 megawatts in the future.

Read more: Porsche just officially paired up with ChargePoint in the US

Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell over 262 million shares. The new stock offering is causing share prices to slide ahead of Lucid’s first electric SUV, the Gravity, which will launch later this year.

Lucid announced plans to sell 262.4 million shares of common stock through a new public offering on Thursday.

The EV maker also gave its underwriter, BofA Securities, a 30-day window to purchase an additional 39.4 million shares.

Lucid said in a statement that its majority shareholder, PIF affiliate Ayar Third Investment Company, agreed to purchase 373.7 million shares of common stock in a private placement. The transaction is expected to close on October 31, 2024, while the public offering is planned to close “on or around” October 18, 2024.

Following the private placement, Ayar will still own around 58.8% of Lucid’s outstanding common stock.

Lucid said it will use the new funds for “general corporate purposes,” which could include capital expenditures and working capital, among other things.

Lucid’s (LCID) stock falls after new share offering

Lucid’s stock was down nearly 20% in Thursday’s pre-market trading following the new share offering. Share prices are down over 30% in 2024 and almost 44% over the past 12 months.

Meanwhile, the company is preparing to launch its first electric SUV, the Lucid Gravity, later this year.

The new share offering comes shortly after Lucid revealed another $1.5 billion commitment from Saud’s PIF. After ending the second quarter with $4.28 billion in liquidity, Lucid said it had enough to fund it through Q4 2025.

Lucid has now had three consecutive quarters of record deliveries. With another 2,781 vehicles handed over in Q3, Lucid deliveries reached 7,142 through the first nine months of 2024.

In an SEC filing on Wednesday, Lucid announced that Q3 revenue is expected to be between $199 million and $200 million.

As of September 30, 2024, Lucid had about $5.16 billion in liquidity, including around $4 billion in cash and equivalents. Check back soon, as Lucid will report its full Q3 earnings on November 7.

The JackRabbit XG is basically the stronger, bigger brother of the famous little JackRabbit micro e-bike, and I had the chance to test one out to see how well a tiny little EV could work for the average commuter. As it turns out, little is big these days!

JackRabbit is well known in the micromobility industry for its pint-sized urban runabouts. The brand’s diminutive 25 lb mini two-wheelers look like a micro take on a more or less conventional e-bike, yet despite their small size they still offer 20 mph speeds and enough range for most urban riders.

But just because the brand has long focused on being as small and lightweight as possible doesn’t mean they don’t also have aspirations for power and features. That was the idea behind the JackRabbit XG: take everything people know and love about a tiny JackRabbit and hotrod it into even more “oomph” in a mini package.

Check out what it’s like to throw a leg over one of these fun little rides in my video review below. Then keep on reading afterward for even more!

JackRabbit XG video review

JackRabbit XG tech specs

• Motor: 500W geared rear hub motor
• Top speed: 32 km/h (20 mph)
• Range: 32+ km (20+ mi)
• Battery: Dual 151 Wh batteries, plus the option to replace with larger RangeBuster batteries
• Max load: 125 kg (275 lb)
• Bike weight: 14.5 kg (32 lb)
• Brakes: Front and rear mechanical disc brakes
• Tires: 20″ x 2.4″ in front and rear
• Price: $1,749 
• Extras: Thumb throttle, rotatable handlebars, foldout foot pegs, bell, LCD display, kickstand, dual battery slots, optional fenders and other accessories

What is it for?

Since the JackRabbit XG is not an e-bike in the traditional sense (lacking functional pedals in favor of foot pegs), you’re obviously not going to choose a JackRabbit if you’re looking for exercise. Instead, this is purely a get-around-town type of ride, and probably also a have-some-fun-while-doing-it ride, too.

I’ll call it a micro e-bike since that’s how JackRabbit classifies it, but you wouldn’t be wrong to call it seated electric scooter, either.

Compared to the typical standing electric scooters we usually think of, the JackRabbit XG has a lot of major advantages. The wheels are bicycle-sized, giving it a much better ride over rougher terrain and streets with pot holes. The seat and handlebars will also feel more familiar to anyone with bike experience. Yet despite ‘feeling’ like a bike, it has the lightweight portability of a scooter, truly offering the best of both worlds.

I really like the sideways spinning handlebars since they can rotate 90 degrees and shrink the width of the JackRabbit to just 7-inches (when you also fold up the foot pegs).

It only takes a few seconds and suddenly the micro e-bike is extra micro. With the bars turned, it would easily hide away under a twin bed, such as in a college dorm room.

It could also be stashed behind a couch or in the back of a closet without taking up much room for itself.

The major upgrades

I’ve spent a lot of time on JackRabbit’s smaller and more affordable micro e-bike, so it was interesting for me to compare the JackRabbit XG’s bigger size and increased features.

The biggest upgrades are likely the size of the frame and the dual battery slots.

The bigger frame gives you more space to stretch out by putting the handlebars a bit further out in front of you, and also makes the bike more robust to allow a higher weight rating of up to 275 lb.

The dual battery slots mean the bike comes with an out-of-the-box range of 20 miles instead of 10 miles.

For riders who want even more range, one or two RangeBuster batteries seen above can be swapped into those battery slots, giving riders up to 48 miles of range (or even more, if you bring the original batteries with you in your pocket or bag!).

It’s important to note that the batteries are also UL-compliant, which is critical these days for ensuring battery safety. And if you stick with the smaller batteries, their sub 160Wh rating means you may be able to bring them on many domestic airlines in your carry-on luggage (but you should check with the airline first, as batteries between 100Wh and 160Wh sometimes require advance permission).

Last year I flew through several cities with my JackRabbit OG, and its 151 Wh battery stayed safely with me in my carry-on the whole time!

But the dual battery slots and larger frame are really just scratching the surface of all the upgrades. There’s a lot more here than meets the eye.

The new display is much nicer to use, finally giving more data than the original simple LED dot display, and it now gives controls for things like LED lights.

Speaking of those lights, they’re finally available to help keep you illuminated at night for others to see you on the road! And since they run off the main battery, you don’t have to worry about charging up separate LED light batteries.

The bigger 500W motor is another nice addition since it allows for better acceleration and also more powerful hill climbing. The speed is still limited to 20 mph, but that’s fine by me. With a wheelbase this short, you probably don’t want to be hitting Class 3 speeds anyway. I don’t have any big hills around me, but I imagine bombing down a huge hill on this thing at well over 20 mph would be a bit iffy.

The new dual brakes offer more powerful stopping as well, which is nice when you have a more powerful motor. You never want to have more ‘go’ then you have ‘stop’.

There are even more interesting accessories you can add now, such as higher handle bars and a rear strut fender for keeping the puddle spray off of your back.

Basically, it feels like a lot of thought went into the new designs! Since this isn’t some out-of-the-catalog white labeled e-bike, they likely had to design a lot of this stuff from scratch without the benefit of dozens of other e-bike companies using the same parts first.

One change that doesn’t thrill me though is replacing the keyed lock for the batteries with a thumb screw lock.

On the one hand, it sure does make it easier to swap your battery out when you want to. On the other hand, it sure does make it easier for a thief to steal your battery if you lock your bike outside and don’t bring the batteries in with you.

Of course when the batteries are this small, you can easily put them in your bag to bring them inside. But I still would like the option to lock them so I’m not obligated to bring them in with me all of the time.

Fortunately, JackRabbit does give us a keylock accessory on their site if you want to swap out the thumb locks, but you’ve got to pony up an additional $25 per lock.

But what about the price?

Yep, here’s the kicker. Oh lordy, it’s priced at $1,749. That’s some serious dough!

I had gotten so used to the $999 price of the smaller JackRabbit OG that the significantly higher cost of the XG really slaps you across the face.

On the one hand, JackRabbit doesn’t get the benefit of using lots of pre-existing bike parts that they can simply select out of catalogs. Sure, some things like tires and motors are the same. But many other parts like the frame, handlebar mechanism, and unique batteries all have to be custom made for JackRabbit. So I understand that they aren’t getting the same economies of scale that bring us ultra-cheap electric bikes.

But at the same time, I know there are people out there who compare watts per dollar as their main metric, and JackRabbit will never win there. If you’re looking for the fastest or longest range ride for the least money, this ain’t it. You can leave now.

If you’re still here, then you obviously are open to other features and advantages of specific e-bikes, and that’s exactly what JackRabbit is about. Sure, you pay a premium, but you get a super lightweight and easy-to-ride micro e-bike that folds up to a mere 7 inches wide. For some people, that’s worth the premium. And if it’s not, then I still recommend checking out the OG and OG2 models from JackRabbit for $999 and $1,299. You don’t get dual batteries or some of the other features, but the prices are better and you still get a lot of the benefits found in the XG like the small size and peppy speed.

If you’ve got the cash though, the JackRabbit XG is a seriously fun ride and offers way more features than I ever expected from such a small, minimalist little e-bike.