Posted: May 4, 2018
Last updated on June 1st, 2018 at 03:47 pm
Engenie, a London-based company specialising in electric vehicle (EV) rapid charging, has received a substantial capital investment from Investec, which will allow the business to reach its network target of 1,500 rapid chargers across the UK.
Engenie’s innovative and market-leading technology can charge a car in less than 30 minutes, which will fall to 10 minutes with the introduction of ultra-rapid chargers. Current rapid chargers are up to 16 times faster than standard points, helping to make EVs more practical for UK drivers.
Investec’s investment will allow Engenie to invest further in developing and installing the latest technology, including the introduction of its ultra-rapid charging points in the future.
Burgess Hodgson partners Richard Stewart and Tom Saltmer advised Engenie throughout the investment deal. Richard Stewart has also advised and supported Engenie since it started in 2013, and commented:
“It has been a pleasure to have been able to guide and advise Founder and Managing Director Jeremy Littman through this process from start to finish”.