Aberdeen-based Trojan Energy has secured £4.1 million of funding to support an on-street system that is set to make electric vehicle charging more accessible.
The company’s ‘flat and flush’ EV charging points take up less pavement space than the more familiar bulky ones, which means more can be installed.
Trojan says this will make it easier for the estimated 10 million people in the UK who don’t have off-street parking to own an EV. Users only need to carry a charging ‘lance’, which plugs in to a socket-like point embedded in the pavement.
The funding consists of an £1 million investment led by business angel syndicate Equity Gap, profit with purpose investor SIS Ventures, Aberdeen-based syndicate Alba Equity and the Scottish Investment Bank. Trojan says the equity deals will unlock a further £3.1 million from Innovate UK, part of the UK Office for Low Emission Vehicles.
The investment will enable Trojan Energy to advance testing and certification of its product then install the first 200 units in the Brent and Camden council areas in London by early 2021.
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