EV charging company set for growth after securing investment
EZ-Charge has secured a major multimillion-pound investment as it embarks on an exciting new strategy that will see it install 5,000 charge points across the UK over the next three to five years.
The EV charging company has signed a significant deal with Green Tower, an investment vehicle focused on developing projects and corporates in the renewable energy and associated energy transition sectors.
EZ-Charge is already the largest public charge point operator in Oxfordshire, having successfully delivered and operated the Park & Charge Oxfordshire network, comprising 250 22kW fast charge points across 20 hubs county-wide. All of the brand’s charge points use renewable energy as part of the company’s commitment to the energy transition.
Its strategy for future growth will, however, focus largely on building a national network of high-end, premium-quality 150kW rapid chargers in strategic locations. This network will comprise up to 5,000 charge points within the next three to five years.
Alongside this, the company will continue to research, develop and manufacture its own portfolio of highly reliable AC chargers and user-friendly software, including a state-of-the-art CPMS (Charge Point Management Software), which it will take to market.
Phil Shadbolt OBE, Chairman of EZ-Charge, said: “We are thrilled to have secured such a significant investment and even more excited to have on-boarded a partner in Green Tower that shares our vision and values. Working hand-in-hand, I am supremely confident that we will not only grow the company significantly, but that we will do it in a sustainable, ethical and customer-centric way that will strengthen and enrich the charging landscape for EV drivers everywhere.”
Rik Aalders, Managing Director of Green Tower, said: “EZ-Charge has clearly shown its capabilities in building up a solid operational portfolio of fast chargers and is now ready to take the next step with the realisation of their rapid charger pipeline in strategic locations. We see huge potential for EZ- Charge in the fast-moving EV market and are extremely pleased to be able to contribute to the company’s growth.”
Green Tower’s investments range from individual projects to startups and scaleups. Typically, it operates as a co-developer, supporting the original developer/entrepreneur with structuring, contractual and financing capabilities.
Longspur Capital acted as financial advisor to EZ-Charge while Green Giraffe acted as financial advisor to Green Tower.
Members of the EZ-Charge board at one of the brand’s Park & Charge Oxfordshire hubs. They are, from left, Chief Financial Officer, Mahmoud El-Masri, Chief Operating Officer, Mark Cooper, and Chairman and Chief Executive, Phil Shadbolt OBE.
Image courtesy of EZ-Charge.