Vortex Energy and Zouk Capital have made an $80m (€74m) equity investment in electric vehicle (EV) charging infrastructure provider EO Charging.
EO Charging said the investment from its long-term partner Zouk and Vortex, as a new investor, will help the company further expand its fleet charging solutions business in North America and across Europe.
Founded in 2014, EO is focused on smart charging solutions for electric car, van, truck and bus fleets.
Charlie Jardine, founder and CEO of EO Charging, said: “The combined knowledge, international experience, and funding capacity will accelerate our growth, expand geographic reach, and drive innovation to deliver an ever-advancing suite of solutions to our customers not only in the UK and Europe but in fast-growing markets like North America.”
Karim Moussa, CEO of Vortex Energy, said: “Vortex is extremely happy to have partnered with EO as one of the leading providers of charging solutions in Europe. We are highly committed to supporting EO’s growth path alongside Zouk Capital, a reputable partner with a stellar track record.”
Colin Campbell, a partner at Zouk Capital, said: “EO is an exciting company - it dominates the fleet sector, and is growing rapidly in the truck and bus sectors. It is clear that EO has a very special opportunity ahead of it as the transition to net zero accelerates.”
To read the latest edition of the latest IPE Real Assets magazine click here.
No comments yet