New AeroVironment Electric Vehicle Dealer Program Makes it Easy to Bundle Home Charger, Installation, and Warranty with Car Purchase

February 07, 2013
  • Now consumers can seamlessly finance home charger and installation with electric vehicle (EV) purchases in a single transaction 
  • Finance and Insurance (F&I)-friendly packages present opportunities for dealers to improve their EV Customer Satisfaction index 
  • AeroVironment's home charger reduces charging time by more than half to 120 Volt Level 1 plug-in that comes standard with most EVs 

MONROVIA, Calif., Feb. 7, 2013 - AeroVironment, Inc. (NASDAQ: AVAV) today launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. The program, which is the first of its kind, makes dealerships one-stop-shops for EV drivers and expands dealers' F&I product offerings.

AeroVironment is exhibiting the program at the National Automotive Dealers Association Convention and Expo in Orlando, Florida (Booth #3953) this week.

EVs and PHEVs typically come equipped with a Level 1 120 Volt charger. Through AeroVironment's dealer program, new owners can now purchase an EVSE-RS Level 2 240 Volt residential charging station that reduces charge time by more than half, from up to 22 hours to between 3 and 8 hours.

"AeroVironment has decades of experience providing complete charging solutions that support the practical transition to electric vehicles," said Wahid Nawabi, AeroVironment senior vice president and general manager of its Efficient Energy Systems business segment. "With our new dealer program, AeroVironment is putting the second half of the EV equation - the home charger - at the vehicle's point of sale. This makes it easier for drivers to purchase, and for dealers to participate more actively in the evolution toward clean, electric transportation."

Dealers can offer various warranty options that match the financing terms of the vehicle. Chargers bought through the dealer program are installed by a licensed electrician certified in EV charging installation. If needed, AeroVironment also provides at-home, in-person support.

To ensure dealers and consumers realize the maximum value from the new program, AeroVironment provides dealers with one-on-one and online training to familiarize them with it. AeroVironment provides dealers with point-of-purchase marketing support including home charging displays, window stickers and consumer brochures. The company also offers both Level 2 and DC 'fast' charging stations for use in dealer service bays and customer parking areas.

"AeroVironment offers state-of-the-art products and our customers have been extremely satisfied with the service," said James Azzaro, commercial vehicle sales manager at John Howard Motors in Morgantown, WV. "The AeroVironment dealer program provides a complete, seamless experience for our customers. Not only does it make us a one-stop-shop, but it also guarantees support for our customers from a company that cares."

Dealers attending the NADA conference in Orlando, Fla. can learn more by visiting AeroVironment at booth #3953 or by attending its cocktail reception February 9, 2013, from 5:30 p.m. to 8:00 p.m. at The Peabody Hotel. To sign up for the dealer program, contact AeroVironment at 888-499-8759 or email dealers@avinc.com.

AeroVironment is the preferred home charging supplier of the Nissan LEAF®:, BMW ActiveE, and Mitsubishi i-MiEV. The company's broad line of home charging systems includes the standard Level 2 home charging system and a do-it-yourself wall-mounted "plug-in" unit that is available for dealer stock. More information on AeroVironment's EV charging solutions can be found at www.evsolutions.com.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information visit www.avinc.com.


Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.


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AeroVironment, Inc.
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Mark Boyer
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