Electric vehicle rapid charging specialist Engenie will reach its network target of 1,500 rapid chargers across the UK following substantial capital investment from Investec.
Engenie is partnering with commercial property owners and local authorities to develop a network of rapid, reliable charge points strategically located throughout major centres and trunk routes.
Locations will include retail parks, supermarkets, hotels, restaurants, petrol stations, commercial developments and on-street charging.
Engenie’s technology can charge a car in less than 30 minutes, which will fall to 10 minutes with the introduction of ultra-rapid chargers. Current rapid chargers are up to 16 times faster than standard points.
Jeremy Littman, founder and managing director of Engenie, said: “Investec has demonstrated considerable confidence in both our business model and the technology which underpins Engenie’s approach.
“Our in-house team has extensive expertise in real estate and retail, and we’ll also be working closely with fleet managers to facilitate a transition to electric vehicles, without the need for costly investment.
“We are working with a number of private and public landlords to continue the rollout of our market-leading EV charging points at multiple locations, and we’re looking forward to working closely with Investec in the months to come.”
He added: “Engenie is working closely with fleet managers who are looking to convert their fleets to electric vehicles.
"Engenie’s rapid charging technology offers quick-turnaround times, and Engenie provides free-of-charge advice and fully funded installation of all charge points, eliminating potential costs for fleet managers considering the move to EVs.”
Engenie rapid and ultra-rapid charging stations are free for landlords, with no reliance on Government subsidies. Engenie will charge drivers a straightforward per-kWh charging rate, which covers the infrastructure and ongoing costs.