TORONTO, ON, June 30, 2026 (GLOBE NEWSWIRE) — On Canada Day, Xeal Energy, the technology-first electric vehicle (EV) charging company behind the patented Xeal Protocol™, officially launches in Canada to bring their self-reliant, zero-IT charging solution to Canadian property owners. The launch arrives as Canada sets its sights on a 75% EV adoption rate by 2035 and 90% by 2040, supported by launching a new C$2.3-billion five year fund, offering rebates of up to $5,000 on battery-electric vehicles, and up to $2,500 on plug-in-hybrids. The consumer demand is coming, but the charging infrastructure to meet it needs expansion.

As Canadians celebrate national pride and look toward the future, Xeal is arriving with technology designed specifically for the built environments Canadian properties present across multifamily and commercial deployments. 

“Xeal Energy is entering the Canadian market at exactly the right moment. As the energy transition accelerates, Canadians are looking for practical, affordable ways to make the shift to
electric vehicles. Xeal is helping solve one of the biggest barriers to EV adoption by making charging infrastructure accessible for multi-unit residential buildings and institutional properties—two markets that will be essential to Canada’s clean transportation future,” said Catherine McKenna, CEO of Climate and Nature Solutions and Canada’s former Minister of Environment and Climate Change and Minister of Infrastructure and Communities.

A Reliability Problem, Finally Solved
Nearly 1 in 3 EV charger sites experiences regular downtime and 95% of that downtime is caused by centralized network dependency. Traditional chargers rely on cellular towers, cloud, and signal boosters to function, creating multiple points of failure that result in charger downtime and leaves drivers stranded when they need charging the most. 

Xeal has solved this at the architecture level. The company’s patented Xeal Protocol™ establishes a direct, encrypted communication channel between the driver’s smartphone and the charger itself with no cellular network, no Wi-Fi, and no dependence on an external server. The result is a 100% uptime guarantee and a seamless tap-to-charge experience that works every time, in every environment.

“As EVs become increasingly accessible to Canadian consumers through a growing range of available incentives, EV models and price points, adoption will continue to accelerate. With these new EV adoption targets set in Canada, developers need to act now to ensure buildings are equipped to handle the needs of today’s residents and tomorrow’s drivers. 

Roughly 35% of Canadians live in multi-family settings and with 80%+ charging happening at home, property owners need charging infrastructure that just works. Backed by strong government support for the market, Xeal is expanding into Canada to support the next wave of EV charging infrastructure adoption for real estate. By eliminating the primary challenge for charger uptime, our self-reliant Helix Computing™ protocol guarantees a 100% uptime to empower Canadian real estate leaders to scale charging seamlessly and meet this increased demand.”
— Nikhil S. Bharadwaj, CEO & Co-Founder, Xeal Energy

Built for Canadian Properties
Beyond reliability, Xeal’s dynamic power optimization technology allows properties to install up to three times more charging stations on the same electrical capacity, without costly infrastructure upgrades. Where a standard power supply might support five EV chargers, Xeal’s system can support up to fifteen, dramatically expanding charging access while reducing capital expenditure.

Proven Across 500+ US Cities, Now Coming to Canada
Xeal enters Canada with a proven track record: 300+ partners across commercial, multifamily, healthcare, retail, education, and enterprise properties in more than 500 US cities. Partners include UBS, AvalonBay Communities, Lincoln Property Company, Brookfield, Princeton University, the University of Texas at Austin, Pfizer, among others.

About Xeal Energy
Xeal is a technology-first EV charging company operating at the intersection of mobility, real estate, IoT, and energy. Powered by its patented Xeal Protocol, Xeal’s self-reliant charging solution delivers 100% uptime with no cellular, Wi-Fi, or ethernet required. This eliminates costly IT infrastructure while offering property owners metered payments, dynamic load management, revenue sharing, and a seamless tap-to-charge experience for drivers. Xeal operates in 500+ cities across the U.S. For more information, visit xealenergy.com

Source: Business Insider

Attributes 8,459% revenue growth to pioneering a new standard of EV charging infrastructure purpose-built for real estate and the future of mobility.

New York, NY – WEBWIRE – Thursday, November 20, 2025

Xeal Energy today announced it ranked 1st for Digital Platforms within the Tri State & Philadelphia region and 14th nationally across all categories on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 31st year. Xeal Energy grew 8,459% during this period and is the #1 EV company in Deloitte’s national rankings.

Xeal Energy’s chief executive officer, Nikhil S. Bharadwaj, credits the company’s purpose-built charging technology and its unwavering focus on customer reliability with driving its 8,459% revenue growth. He said, “Our mission from day one has been to solve real estate’s hardest electrification challenges with technology that simply works. This recognition reflects the incredible execution of our team and the trust our partners place in Xeal as we set a new standard for reliable, scalable EV charging infrastructure.”

He added, “With the advancement of our Helix Computing™ protocol, we’re pushing the boundaries of what’s possible in EV charging. By eliminating the traditional dependencies on network connectivity, Helix enables properties to deploy and scale electrification faster, more securely, with a premium driver experience. This is just the beginning; our technology is laying the foundation for a future where reliable, smart infrastructure is accessible to every building, everywhere.”

About the 2025 Deloitte Technology Fast 500

Now in its 31st year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2021 to 2024.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that significantly contributes to the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million, with a growth rate of 50% or greater. Additionally, companies must be in business for a minimum of four years and be headquartered within North America (United States and Canada).

Please see www.deloitte.com/us/about for a detailed description of their legal structure.

About Xeal Trusted by over 300 top real estate leaders, Xeal delivers a self-sufficient, smart charging experience for EV drivers. Xeal’s ’Never Down’ approach ensures a frictionless user experience with minimal infrastructure upgrades and no reliance on single-point-of-failure central networks. Xeal EV chargers are powered by its patented self-reliant Helix Computing™ protocol that provides drivers 100% uptime guarantee and clients a full suite of smart functions ranging from metered payments on charging sessions, energy management, access control, and revenue sharing while offering users a more reliable and secure way to charge up. Based in NYC, Xeal is leading the charge in the EV revolution. For more information, visit www.xealenergy.com.

Source: WebWire