CIBC and FLO Program Boosts Home Charging Access 

CIBC clients can take advantage of an exclusive discount for FLO Home charging stations 

TORONTO – CIBC, a leading North American financial institution, and FLO, a leading North American electric vehicle (EV) charging network operator and smart charging solutions provider, are proud to announce an exclusive offer to CIBC clients to bring seamless and convenient residential EV charging solutions to EV drivers across Canada. Through this offer, CIBC and FLO will provide a discount on  FLO’s high-quality residential EV charging stations. FLO aims to make it easy and affordable for Canadians to make the switch to EVs by providing them with accessible charging options in the comfort of their own homes. 

“We’re thrilled to work with FLO to help Canadians take advantage of the many benefits of electric vehicle ownership,” said Daniel Rethazy, Senior Vice-President, Personal Lending and Insurance at CIBC. “By combining our strong Green Vehicle program with FLO’s expertise in EV charging solutions, we’re able to provide Canadians with a one-stop-shop for making the transition to electric vehicles as smooth and seamless as possible.” 

For FLO, this represents an exciting opportunity to expand its reach and help more Canadians make the switch to EVs. Level 1 chargers, sometimes provided with the purchase of an EV, deliver the lowest power output and can take over 24 hours to deliver a complete charge. Customers will now be able to finance FLO Home level 2 chargers, which provide a full charge to most vehicles in 6-8 hours.  

“Residential charging is a key component in ensuring EV drivers stay charged up and on the road,” said Chris Thorson, Chief Marketing Officer, FLO.  “More than 80% of charging is done at home and we are excited to make home charging more convenient for Canadian drivers.” 

CIBC clients joining the FLO network will have the additional benefit of access to FLO’s expansive network of public and reliable charging stations. FLO’s network includes access to more than 83,000 public chargers across North America.  

To learn more about the partnership between CIBC and FLO, please visit https://www.cibc.com/en/personal-banking/loans-and-lines-of-credit/loans/electric-or-hybrid-vehicle-loan.html   

FLO^® and FLO Home^TM are registered or unregistered trademarks of Services FLO Inc.

About CIBC   

CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://cibc.mediaroom.com/. 

About FLO 

FLO is a leading North American electric vehicle (EV) charging network operator and a smart charging solutions provider. We help to overcome climate change and accelerate EV adoption through a vertically integrated business model and by delivering EV drivers the best charging experience from curbside to countryside. Every month, we enable more than 1.5 million charging events thanks to over 100,000 fast and level 2 EV charging stations deployed at public, private and residential locations. FLO operates across North America and our high-quality charging stations are assembled with care in Michigan and Quebec. To learn more about what “EV charging done right” means to us, visit  flo.com. 

Contact:
Andrea Knapp
media@flo.com