bp Ventures Outlays EUR 7.5 Million in German-Based Service4Charger to Expand EV Charging Infrastructure
Service4Charger and bp have inked a multi-year commercial agreement to augment several thousand charging points within the subsequent few years.
June 29, 2023. By EI News Network
bp Ventures have invested Service4Charger’s EUR 10 million Series A funding round, which comprised partake of EUR 2.5 million from Smart Energy Innovationsfonds, the corporate venture capital arm of Energie 360.
Lucas Althammer, CEO of Service4Charger, said, “The new capital will enable Service4Charger to expand into additional markets and add more local operational staff and Service4Charger Mobile Heroes to our team across Germany. In this way, we are doing our part to expand the charging infrastructure for e-vehicles, which is critical to the transition to a lower-carbon European economy. We welcome the funding from, and collaboration with, bp and its German brand Aral as well as Energie360° as we work together to drive the electrification of mobility."
Gareth Burns, Vice President of bp Ventures, stated, “As bp pulse rolls out EV charging it is essential that we have the right skill sets and expertise to make charging installations an efficient process and to service our growing network of EV charge points. The investment into Service4Charger brings bp a collaboration that can enable rapid and reliable installation and servicing of EV charge points in Germany.”
Service4Charger and bp have inked a multi-year commercial agreement to augment several thousand charging points within the subsequent few years.
bp ventures deals in equity investments in private, also bp’s transition growth engines in fields such as renewables, EV charging, convenience, bioenergy, and hydrogen.
Service4Charger profile contains planning, installation, operation as well as maintenance of charging infrastructure for private, semi-public and public spaces.
The Smart Energy Innovationsfonds is the corporate capital fund from Energie 360°.
Energie 360° is a Zurich-based energy and mobility service facilitator that makes sustainable energy accessible throughout Switzerland.
please contact: contact@energetica-india.net.
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