Charge+ and Goldbell Financial Services Announces Partnership to Accelerate EV Adoption

This powerful synergy between these two dynamic enablers puts Accessibility at the forefront of the EV ownership proposition. It combines GBFS' highly competitive flexible financing solutions to ease the upfront costs of EV ownership with access to Charge+'s extensive network of EV charging points conveniently located in public housing, condominiums, shopping malls and office buildings island-wide.

With more than 700 charging points installed today, Charge+ is rapidly ramping up the network to about 6,000 EV charging points by 2025. Consumers who take up a passenger car loan from GBFS will enjoy up to 3 months of free charging credits, followed by 3 months of discounted charging credits.

An industry first, GBFS, which has a successful track record of 99.87% performing loans, is the first and only non-bank financial institution to date to offer charging credits in conjunction with EV car loans. "Drawing on our extensive experience in automotive financing, we firmly believe that we can play a pivotal role in accelerating the economy's decarbonisation transition," said Alex Chua, Chairman of GBFS. "The partnership with Charge+ moves us one step closer to our goal of catalysing the progression towards a low-carbon economy for future generations through flexible financing solutions."

"The key bottlenecks to EV adoption in Singapore have been high upfront costs of EV and accessibility to convenient EV charging infrastructure. Therefore, Charge+ is proud to partner GBFS to spur EV adoption by lowering the cost of EV ownership and making the EV charging experience hassle-free. This partnership with GBFS means Charge+ can create more value for our EV drivers beyond just EV charging," said Goh Chee Kiong, CEO of Charge+.