3 years ago

EO Charging Raises US$80 Million to Expand EV Charging Solutions

  • EO Charging, a UK-based provider of electric vehicle (EV) charging solutions for fleets, secured US$ 80 million in equity funding led by Vortex Energy and Zouk Capital

  • The funding will support EO Charging's expansion in North America and Europe, while strengthening its leadership position in the UK market

  • Founded in 2014, EO Charging offers turnkey EV infrastructure solutions for commercial fleets, including smart charging software and hardware, depot design, electrical installation, grid upgrades, and ongoing operations and maintenance

  • The company serves major fleet operators like Amazon, DHL, Go-Ahead, and Tesco.

      • ProblemTechnology

      "Businesses are looking for a way to transition their fleets to electric vehicles, but face a number of challenges: lack of reliable charging infrastructure, high upfront costs, and complicated installation processes."

      Solution

      "EO Charging offers a complete EV charging solution for businesses, from hardware and software to installation and maintenance. Their smart charging technology helps businesses optimize charging costs and maximize efficiency."

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