Zap-Map, a Bristol, UK-based provider of an EV charging app, closed a £9m Series A funding.
The round, which valued the company at £26.3m, was led by Good Energy and Fleetcor.
The company intends to use the funds to build on its paid-subscription services and expand its business abroad, as well as its development efforts.
Led by Richard Bourne, CEO, Zap-Map provides an app and digital platform for EV drivers to search for charge points, plan longer journeys, pay on participating networks and share updates with other EV drivers. The solution attracts more than 130,000 UK users per month from a rapidly growing fleet of around 205,000 pure-EVs (Zap-Map’s core user group) and 233,000 plug-in hybrids (SMMT: Dec 2020). The community members add daily status and info updates to charging points, and can make their home and work charge point available to other EV drivers as part of the peer-to-peer Zap-Home and Zap-Work network. The company offers a range of B2B services including promotion, content, data and market insights.
FinSMEs
08/08/2022