NaaS Technology (NASDAQ: NAAS), a Stockholm, Sweden-based electric vehicle (EV) charging service company, is to acquire Charge Amps, a Swedish EV charging solutions provider for approximately SEK 724 million (US$66.4 million).
The deal marks a landmark initiative of NaaS’ expanded global layout after its acquisition early this June of over 89% stake in Sinopower HK, a one-stop solar PV service provider in HK.
The deal will engage the parties in deep integration from technology, product, personnel, capital, and market perspectives.
Led by CEO Olle Tholander, Charge Amps is a provider of sustainable charging solutions for electric vehicles. It develops smart products for use in homes, offices, and public places. It is undergoing rapid international expansion, with 120 employees in seven countries, and sales across 15 markets.
A subsidiary of Newlinks Technology Limited, an energy digitalization group, NaaS provides charging station operators and EV owners with online and offline charging solutions and non-charging value-added services. It also serves charger manufacturers, OEMs and other industry partners, to make charging faster and more convenient, with an enhanced customer experience.
As of March 31, 2023, NaaS’ network has connected over 575,000 chargers and 55,000 charging stations. In the first quarter of 2023, charging volume transacted through NaaS’ network reached 1,023 GWh, an increase of 112% YoY; gross transaction value transacted through NaaS’ network showed an increase of 107% YoY.
FinSMEs
23/08/2023