Independent charging provider Elmtronics has won £1.5m in government funding from the North East Venture Fund (NEVF) to roll-out charging points across the UK.
The cash from the fund, which is supported by the European Regional Development Fund and managed by Mercia, and the Ingenious Infrastructure Ventures EIS Service, follows the announcement that the government is banning the sale of ICE vehicles by 2030 – and will allow an acceleration of charging points across the UK.
Elmtronics have already installed and supplied public and private charging facilities, including for Nike, the NHS, National Grid, FedEx, and city councils. The firm has developed software to measure customer energy use – allowing for account management. The new cash will enable it to enhance its software and support 19 new jobs.
CEO of the firm, Dan Martin, said: “The latest government announcement is another big step forward on the ‘road to net zero’. However despite the growing popularity of EVs with consumers and fleet users, a lack of charging points continues to deter many from making the switch. This funding will allow us to step up our activity to help build the all-important infrastructure. We hope to make Elmtronics a key player in the roll-out.”
Jan Oosthuizen of Mercia added: “Elmtronics is laying the foundations for the green transport revolution. The company has been very successful in building its presence in the market and developing relationships with public bodies, fleet managers and strategic partners. Our investment will allow it to expand its team, take on new contracts and speed up the roll-out of charging points nationwide.”
Neil Forster, Chief Executive Officer at Ingenious, commented: “We have been following the progress of Elmtronics for some time and are delighted to back a company that aligns strongly with our investment strategy as it is well placed in an under-served market, made all the more relevant by last week’s news of Government action to promote the use of electric vehicles. We are very much looking forward to working closely with Dan and his team.”