EZ Charge, a UK electric vehicle (EV) charging specialist, has announced that it has secured a multi-million-pound investment to expand its market presence in the UK. The company signed a deal with Green Tower, an investment vehicle focused on developing projects in the renewable energy and associated energy transition spaces.
EZ-Charge, which is already the largest public charge point operator in Oxfordshire, have delivered and operated the Park & Charge Oxfordshire network, comprising 250 22kW fast-charge points across 20 hubs county-wide.
The Bicester-based startup has seen a huge upsurge in enquiries following the announcement of the government’s new Electric Vehicle Infrastructure Strategyannounced in March 2022. The Strategy is to reach 300,000 public electric vehicle chargepoints by 2030. All of the brand’s charge points use renewable energy as part of the company’s commitment to the energy transition.
EZ-Charge’s strategy for future growth will focus largely on building a national network of high-end, premium-quality 150kW rapid chargers in strategic locations. This network is expected to comprise up to 5,000 charge points within the next five years.
Phil Shadbolt OBE, EZ-Charge chairman, 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.”
EZ-Charge will also continue to research, develop and manufacture its own portfolio of reliable AC chargers and user-friendly software. This includes a state-of-the-art Charge Point Management Software (CPMS) which it will take to market.
Rik Aalders, Green Tower managing director, 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.”