EO Charging, a London, UK-based provider of electric vehicle (EV) charging solutions for fleets, raised US$ 80M in Equity funding.
The round was led by Vortex Energy and Zouk Capital.
The company intends to use the funds to further expand its fleet charging solutions business in North America and across Europe, whilst maintaining its position as leader in the fast-developing UK market.
Founded in 2014 and led by Charlie Jardine, CEO, EO Charging focuses on electric vehicle (EV) charging specializing in turnkey EV infrastructure solutions for commercial fleets. The company designs and manufactures its own proprietary smart charging software and hardware for fleets and homeowners, as well as offering depot design, electrical installation, grid upgrades and ongoing operations and maintenance for car, van, truck, and bus fleets.
In 2022, EO launched its latest generation of EV chargers, the EO Genius 2 and EO Mini Pro 3, and most recently announced it has created a new multi-source financing and services platform, MOBILITe. The new initiative will help fleets accelerate EV adoption via a fixed-price as-a-service solution, eliminating upfront capital investment while optimising EV savings.
The technology is already used by many of fleet operators and it distributes its hardware to over 35 countries in markets around the world. EO serves some of the world’s largest fleet operators, including Amazon, DHL, Go-Ahead, and Tesco, and ranked 45 on the Financial Times’ FT1000 list of Europe’s fastest-growing companies in 2022.
FinSMEs
22/02/2023