2 years ago

Indra Secures £20 Million in Series B Funding to Expand Bidirectional EV Charging Solutions

  • Indra, a UK-based company providing electric vehicle charging solutions, secured over £20 million in Series B funding led by Gulf Oil International Limited

  • The funding will support Indra's technology development in the bidirectional EV charging space, expand its customer base, increase revenue in the UK and internationally, and accelerate the development of its home EV charging hardware and technology platform

  • Indra offers a full-service home charging solution for various organizations, including Mobilize Power Solutions, ElectriX, and Plug Me In, enabling EV drivers to charge using renewable energy and potentially power their homes or sell excess energy back to the grid.

      • ProblemTechnology

      "Electric vehicle owners struggle with high charging costs and a lack of access to renewable energy sources, making it difficult to fully embrace sustainable transportation."

      Solution

      "Indra provides bidirectional charging solutions that allow EV owners to charge their vehicles using low-carbon renewable energy, and then use the surplus energy stored in their vehicles to power their homes or sell it back to the grid, helping them save money and contribute to a cleaner environment."

      Covered on