Elmtronics, a Consett, UK-based electric vehicle charging company set to step up the roll-out of charging points across the country, secured £1.5m in funding.
The investment was made by North East Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia, and the Ingenious Infrastructure Ventures EIS Service.
The company intends to use the funds to further enhance the software and support the creation of 19 new jobs around the country in the next three months, almost doubling the size of its workforce.
Established in 2016 by former electricians Dan Martin and Anthony Piggott. Dan, CEO, Elmtronics supplies and installs public charging stations as well as those for homes and businesses. The company has developed its own software – Hubsta – which is installed on the charging points and measures customers’ electricity use, allowing them to pay for and manage their account.
The company also has offices in Bristol, Manchester and London. Clients include Nike, the NHS, National Grid, FedEx, Taylor Wimpey and a number of city councils.