Field Seymour Parkes VC team advises EZ Charge on multi-million-pound investment
EZ-Charge has secured a multimillion-pound investment as it embarks on a new strategy designed to grow both its market presence and revenues “significantly”. EZ Charge was advised on the investment by the Field Seymour Parkes venture capital and private equity team led by Partner Penelope Garden.
EZ-Charge is one of the largest public charge point operators in Oxfordshire, having brought forward and operated the Park & Charge Oxfordshire network which comprises 250 22kW fast charge points across 20 hubs county-wide
Its strategy for growth will focus largely on building a national network of high-end, premium-quality 150kW rapid chargers in strategic locations. This will comprise up to 5,000 charge points within the next three to five years.
Alongside this, the company will continue to research, develop and manufacture its own portfolio of AC chargers and user-friendly software.
The Investor, Green Tower, is an investment vehicle focused on developing projects and corporates in the renewable energy and associated energy transition sectors.
Phil Shadbolt OBE, chairman of EZ-Charge, 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.”
Rik Aalders, managing director of Green Tower, added: “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.”