2 years ago
Weev Secures £50 Million to Expand EV Charging Infrastructure in Northern Ireland
Belfast-based EV charging company Weev has secured £50 million from Octopus Investments to roll out EV charging points across Northern Ireland
The investment, made through the Octopus Sustainable Infrastructure Fund, will support Weev's mission to address the region's EV charging infrastructure gap and encourage EV adoption.
ProblemTechnology Infrastructure
"There is a critical shortage of EV charging facilities in Northern Ireland, with only 20 charging points per 100,000 people compared to the UK average of 60. This makes it difficult for people to switch to electric vehicles due to range anxiety."
Solution
"Weev is building a network of EV charging points across Northern Ireland to make it easier for people to switch to electric vehicles. They are also offering a range of services to make it easier for people to manage their charging, such as a mobile app and a customer support team."
