sun-to-wheel charging supplier and mapping service land funds for expansion

Source: Gridserve

Two innovative EV charging companies – Gridserve and Zap-Map – have landed significant backing from investors to the UK in their latest funding round, highlighting the appetite for new approaches to the EV infrastructure challenge.

Gridserve, which is promoting a “Sun-to-wheel” concept combining solar power and EV charging, secured an initial £200 million investment from Infracapital, the infrastructure equity investment arm of M&G Plc.

Gridserve’s plan is to distribute energy from hybrid solar farms into a national charging network of electric forecourts and hubs. It its also offering an EV leasing option.

Part of Gridserve’s Sun-to-Wheel model is the Gridserve Electric Highway charging network, which is supplied by 100% net-zero carbon energy and covers 85% of the UK’s motorway service areas.

“Through this investment partnership with Infracapital, we’re excited that our plans can accelerate, and it’s evident we now have the momentum we require,” said Toddington Harper, CEO of Gridserve.

“Investment in the future of our planet has never been so important and the IPCC’s latest dire warnings solidify the reality that we are in last chance territory, and we therefore need to take action as quickly as possible. This investment partnership will enable Gridserve to continue to rise to this challenge and deliver maximum impact without delay. “

Source: Gridserve

Infracapital’s £200 million investment will help Gridserve to deliver over 5,000 high power chargers by 2025 across both its Electric Super Hub and Electric Forecourt networks.

Gridserve opened the UK’s first EV-only forecourt in late-2020 near Braintree, Essex, the first of over 100 Electric Forecourts the company is planning to open across the United Kingdom by the middle of the decade.

On a somewhat smaller scale,  Good Energy, the 100% renewable electricity supplier and energy services provider, announced that its subsidiary Zap-Map, the UK’s leading EV charge point mapping service, had completed a £9 million Series A fundraising round.

The service currently runs a publicly accessible EV charge point map for UK drivers, including live usage data updated every five minutes. With more than 20,000 EV charging locations in the UK according to Zap Map data, that’s a lot of charger to keep track of.

The new investment round includes a further £3.7 million investment from Good Energy and a £5.3 million investment from new strategic investor Fleetcor UK Acquisition Limited.

Zap-Map will focus the new influx of cash on building on its paid-subscription services as well as initiating an international expansion of its mapping service.

“This fundraising round allows us to accelerate Zap-Map’s core mission – making it simple for current and future electric vehicle drivers to plan journeys, search and pay for electric vehicle charging,” said Richard Bourne, Zap-Map CEO.

“Good Energy has proven a powerful partner to date and we are delighted to have a new strategic collaboration with Fleetcor which will supercharge our ambition to accelerate the provision of services to the fleet market and allow us to look ahead and expand internationally.”

TECH NEWS RELATED

Latifi handed five-place penalty for Japanese Grand Prix

Nicholas Latifi (CDN) Williams Racing FW44 – © Copyright: Moy / XPB Images Nicholas Latifi has been given a five-place grid penalty for his involvement in an incident with Zhou Guanyu in the Singapore Grand Prix. The incident happened on the seventh lap of the race, with Latifi squeezing ...

View more: Latifi handed five-place penalty for Japanese Grand Prix

Ezra Dyer: Legend Race Cars May Look Goofy But They're Serious Fun

From the October 2022 issue of Car and Driver. Ignore the goofy body. The Legend car looks the way it does—like a nitromethane Shriner fever dream—because that’s the basic shape of a human sitting upright behind a motorcycle engine. Thus the bodywork takes the form of a 1930s Ford or ...

View more: Ezra Dyer: Legend Race Cars May Look Goofy But They're Serious Fun

What is Cost of setting up an electric car charging station in india?

The Indian government has been pretty aggressive with promoting electric vehicles in order to push for a faster adoption of EVs. However, the biggest challenge that EV-manufacturers face with attracting buyers is the lack of adequate infrastructure. In fact, in its current state, the EV charging infrastructure in the ...

View more: What is Cost of setting up an electric car charging station in india?

4 Things Consumer Reports Hates About the 2023 Jeep Wrangler

There’s always a large discrepancy between what automotive critics say about the Jeep Wrangler and what its owners say. On the one hand, even Consumer Reports can’t deny that it’s a great off-roading vehicle. However, because it falls short of its rivals in other areas, the site consistently gives the ...

View more: 4 Things Consumer Reports Hates About the 2023 Jeep Wrangler

The Arai SZ-R VAS Jet Helmet Gets A Sena Kit

No external device required. It’s an all-in-one that can connect two.

View more: The Arai SZ-R VAS Jet Helmet Gets A Sena Kit

Fully Electric Citroën C3 Due In 2023

The electric C3 will have design cues from the Ami quadricycle and Oli concept car.

View more: Fully Electric Citroën C3 Due In 2023

Hight Focuses On The Big Picture At Midwest Nationals

After losing during the second round of eliminations at the NHRA Carolina Nationals at zMAX Dragway, Robert Hight was relieved he only had to wait one week before returning to the drag strip. The NHRA Midwest Nationals were right around the corner, with preliminary qualifying sessions at World Wide ...

View more: Hight Focuses On The Big Picture At Midwest Nationals

Mercedes says trade deal could make India an export hub

NEW DELHI — A comprehensive trade deal between India and the European Union could pave the way for Mercedes-Benz to produce more cars in the South Asian nation, potentially making it an export hub, Mercedes’ country head told Reuters on Friday. In June, the EU and India relaunched talks ...

View more: Mercedes says trade deal could make India an export hub

Tesla Could Produce As Many Cars As BMW In 2023

Back From The Dead? Faraday Future Raises $100 Million, Hopes To Finally Launch FF91

Tesla Autopilot Likely Saved This Woman's Life

The Best Used SUVs Under $30,000 and 1 Worth Skipping Over

Oliveira “quickly understood” Thailand GP victory was on

Drawbacks to Using Iridium Spark Plugs

1 Basic Feature Has Thousands of Ford F-150 Models Delayed

BMW builds its sixth millionth car in the United States

Oliveira Wins Wet Thailand MotoGP Run

Elana Scherr: Malibu Has Great Driving Roads, but It Almost Had None

Douglas Rallies To Win Moss Memorial

Sheppard Controls Outlaw 200

OTHER TECH NEWS

Top Car News Car News