A pre-seed investment round of £850,000 for TOGL to support the rollout of fleet electrification has been completed.
The cash will be used by the company to expand its team, develop its technology and accelerate its work with fleet operators, energy partners and other industry stakeholders.
Through its depot flexibility software, TOGL schedules charging around departures rather than arrivals, aiming to shift charging into lower-cost periods, reduce unnecessary peaks, fit more vehicles onto the existing connection, and keep every vehicle ready for its shift.
The new investment adds to an initial £25,000 investment earlier this month as part of the Baltic Ventures Accelerator 2026.
The round was led by Haatch, the angel syndicate platform and key investment manager for the British Business Bank, with additional investment from Setanta Vehicle Importers, the authorised Renault Trucks importer in Ireland, and Lancashire-based angel investors Fhunded Angels.
In addition to the investment, TOGL has also announced a trial with Welch Group through the fifth Freight Innovation Fund Accelerator, delivered by Connected Places Catapult on behalf of the Department for Transport. One of 11 SMEs selected to develop a trial, TOGL will examine how much charging flexibility exists within Welch’s haulage operation without interfering with its transport schedule.
Will Maden, CEO and Co-Founder of TOGL, said:
“Across the UK, depot electrification often stalls because the numbers simply do not add up, whether that is the total cost of ownership of the vehicles or the discovery that, after procuring vehicles and chargers, the depot does not have sufficient grid capacity to operate them.
“This investment gives us the resources to expand the TOGL team, continue developing our technology and help fleets solve this exact problem.
“Alongside this, the opportunity to work with Welch Group means we can develop a trial around real vehicle movements. We’ll show how TOGL can reduce charging cost, fit more vehicles onto the depot’s grid connection, and, crucially, make sure every vehicle is ready for its shift.”
Charlie Weavers-Wright, Principal, Haatch, said:
“We are pleased to back TOGL in its next, exciting stage of development. The proposition is directly addressing a clear barrier to fleet electrification, with a team that brings strong experience across EV charging, energy and fleet operations.”
Jamie Sands, Head of Solutions, Welch Group, said:
“We provide transport and logistics solutions across the UK and are very conscious of our environmental impact. Working with TOGL gives us an opportunity to design a trial around our operating conditions, exploring how charging can be scheduled in a more effective and environmentally aware way, without compromising the readiness of the vehicles that our customers depend on.”
Harry Nash, Managing Director, Setanta Vehicle Importers, said:
“For more than thirty years we’ve been selling and maintaining trucks. That means we understand the challenges our customers face around electrification.
“We believe our investment in TOGL is a very logical move as their offering seeks to address several electrification challenges. We’re excited to be supporting them on the next stage of their journey.
“Founded by a team with experience across EV charging, energy infrastructure and fleet operations, TOGL is working with fleet operators and industry partners to develop its technology.”
Image courtesy of TOGL shows Dan Turner (TOGL co-founder), Alex Baker (TOGL co-founder), Jamie Sands, (Welch Group head of solutions) and Will Maded (TOGL co-founder).
