On October 20, 2026, LAZ Parking announced a joint venture with indiGOtech, which trades as GO and is EverCharge's parent, to sell managed EV charging to apartment and condo properties. LAZ manages parking at about 5,700 locations and roughly 2.1 million spaces in the United States and Canada. EverCharge already runs more than 10,000 charging ports at over 1,000 multifamily properties. LAZ says the venture takes its charging network to 25,000 ports across North America. The offering is branded LAZ Multifamily EV Charging Powered by EverCharge SmartPower.
The number to hold onto is not 25,000. It is the one the companies gave for how the chargers fit on a building's wiring: SmartPower, they say, can run up to five times as many ports on the same source power (the building's electrical service). That is a vendor claim, not an independent measurement, and it is the claim that decides whether this venture matters to an owner with an old building and a full electrical room.
What the venture actually is
Two businesses with different strengths are being joined. EverCharge sells Level 2 chargers plus the software that divides a building's available electrical capacity among the vehicles plugged in at any moment. LAZ brings the relationships: it already manages parking for a large number of residential, commercial, and mixed-use properties, so it can put a charging offer in front of owners who would otherwise never call a charging company. The rollout will use EverCharge's EVO3 Level 2 charger.
The companies describe a broader strategic relationship between LAZ and GO beyond the venture itself. The announcement does not state the ownership split between the partners, and no coverage we found reported one.
Why load management is the whole story
Most older apartment buildings cannot give every parking space its own 40-amp circuit, which supports about 7.7 kW of continuous charging. As an illustration (our arithmetic, not a figure from the companies), a 100-space garage with every stall at 7 kW would ask for roughly 700 kW at once, more than many buildings' entire service. The traditional fix is a service upgrade, which means the utility, new switchgear, and a project that can take months.
Load management takes a different route. Instead of reserving full power for every port, software watches what the building is drawing and what each car is asking for, then divides the spare capacity among the cars that are plugged in. Overnight, when residents are parked and the building is quiet, a modest amount of capacity can still refill a lot of batteries, because most drivers need to replace tens of miles of range, not a full pack. As an illustration, 2 kW per car over 10 hours delivers about 20 kWh, roughly 60 to 80 miles for a typical EV. We cover the mechanism and its limits in our electrical infrastructure assessment.
The tradeoff is real and the announcement does not discuss it. When many residents plug in at once, each car charges slower. For an owner, that is a service-level question: how many hours does a typical resident need, and what happens on the evening when half the garage arrives with a low battery?
Datable milestones
- October 20, 2026. LAZ and indiGOtech announce the joint venture and the LAZ Multifamily EV Charging offering. Source: the PR Newswire release as reproduced by Morningstar, corroborated by Electrek and The EV Report.
- Before the announcement. EverCharge's existing base: more than 10,000 ports at over 1,000 apartment and condo properties, with more than 50,000 registered drivers, per the companies.
- Not yet dated. First properties, install targets, and a rollout schedule. Electrek reports the announcement sets no target or timeline for new apartment and condo installations.
Who should pay attention, and who can skip it
If you own or manage an older multifamily property with a constrained electrical service and a resident base that is starting to ask about charging, this is worth a call. A parking manager that already walks your property, bundled with a charging vendor that already has more than 1,000 multifamily installations behind it, is a credible bidder, and the reference list is something you can actually check.
If you own a new building with ample service capacity, the load-management pitch matters less. Your constraint is more likely cost per port and who owns the revenue, and those are the questions the announcement does not answer.
If you manage a small property with a handful of EV-driving residents, you may not need a managed network yet. Our look at multifamily charging as a lease-renewal factor lays out why demand is real but unevenly measured, and why starting with a pilot is reasonable.
What the announcement leaves out
| Question an owner should ask | What the announcement says |
|---|
| What do residents pay per kWh or per month? | Not disclosed |
| Who owns the chargers, and who keeps the revenue? | Not disclosed |
| Which properties come first? | Not disclosed |
| How many new ports, by when? | No target or timeline set |
| How much slower does charging get when the building is busy? | Not addressed |
| What does the "5X" assume about baseline capacity and charger size? | Not specified; vendor claim |
None of this is unusual for a launch announcement. It does mean an owner cannot use this deal as a price benchmark. Every contract will be negotiated per property, and terms such as who pays for make-ready work, who handles resident billing, and what happens at the end of the term will matter more than the headline port count. Our comparison of own, operate, turnkey, and hybrid models walks through those structures, and our guide to software platforms for commercial charging covers what to ask about the load-management layer itself.
What to do now
- Get a load study first. Before any vendor conversation, have an electrician document your service size, spare capacity, and panel layout. Every managed-charging bid, this one included, is only as good as that baseline.
- Ask any bidder to define "more ports" in kilowatts. "Up to 5X" needs a stated starting point. Ask for the minimum per-car charging rate under a full-garage scenario.
- Request references at properties like yours. EverCharge's 1,000-plus installations make this easy to test. Ask for buildings of similar age and size, and ask the managers about resident complaints.
- Compare against at least one non-bundled bid. A parking manager's bundled offer may be convenient; that does not make it the cheapest or the best fit.
- Read the billing terms before the hardware terms. Who sets resident rates, who collects, and who bears non-payment are where multifamily charging contracts differ most.
Last factually verified: 2026-10-21. The primary PR Newswire release could not be fetched from our environment (network access to the host was blocked), so the figures here were cross-checked across search-indexed excerpts of that release, Electrek's October 20, 2026 coverage, The EV Report, and Morningstar's copy of the release. The "up to 5X" figure is the companies' own claim. The ownership split between the partners was not found in any source and is left out on purpose. evcharginghelp.com is editorially independent and receives no compensation from any company named here.