Mcloud and carbon royalty corp sign 20-year agreement to fund first 30 assetcare™ ev solutions for auto dealerships in the united states

On the back of first auto dealership recently announced on march 21, mcloud swiftly moving to contract with additional auto dealerships in new york and california agreement enables assetcare implementation, splitting tax incentives, carbon credits, and other green energy infrastructure charging benefits equally between mcloud and carbon royalty corp over expected 20-year length of assetcare contracts with auto dealerships plans to use this approach to scale beyond 500 auto dealerships by end of 2023 san francisco, march 30, 2022 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsx-v: mcld), ("mcloud" or the "company") a leading provider of ai-powered asset management and environmental, social, and governance ("esg") solutions today announced it had signed an agreement on march 28, 2022 with carbon royalty corp to proceed with closing and funding the first 30 assetcare solutions to optimize electric vehicle ("ev") charging efficiency at auto dealerships in the states of new york and california. mcloud previously announced on march 21, 2022 it had signed its first assetcare contract with the vail buick dealership in bedford hills, new york.
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