- Wattif EV CEO sets agenda for growth in UK network of destination chargers
- Multi-million investment rounds in technology and operations support Wattif EV growth plans
- First UK Wattif EV charge points established
- CEO, Robert Svendson, calls on business to drive network growth
Telford/Bergen: 9th February 2023
Having recently installed its first UK charging points and secured a €50m investment, Norwegian electric vehicle (EV) charging infrastructure start-up Wattif EV has set out its plans to play a leading role in the UK network for destination chargers by 2030.
In establishing destination charge points where people park, rather than forcing EV drivers to park where they can charge, Wattif EV seeks to accelerate the electrification of the UK parking network by providing hassle-free access to charging infrastructure. Simultaneously, Wattif EV provides the car parks’ landlord or owner the choice of a number of finance models whereby they can benefit from a share of net revenue, whilst rolling out a wider geographical range of ‘fast’ charge points which are cheaper to install and use than the traditional and more expensive, rapid charging options. Wattif EV is unique in offering a genuine win:win, for those hosting the charging network and those car drivers using it.
First UK Wattif EV charge points. In late-2022, Wattif EV UK switched on its first UK charge points in Cambridge and is about to switch on more just outside Leeds, with Scotland next in its plan. Further to these early-adopted locations, Wattif EV is in discussion to expand exponentially with contract negotiations underway that could deliver thousands of Wattif EV-managed stations in the next 18 months.
Wattif EV technology partner secures new Silicon Valley investment to support Wattif’s expansion plans. AMPECO, a technology provider to Wattif EV, has raised a $16m in venture capital investment, having closed a Series A funding round of $13m in late-January 2023. The Series A round was led by BMW i Ventures, a Silicon Valley-based venture capital firm with a background in investments in transportation, manufacturing, supply chain, and sustainability. AMPECO’s investment provides long-term and sustainable service provision for Wattif EV’s charging network as it looks to strengthen its position in the UK market.
Wattif EV UK celebrates €50m investment from Luxembourg-based Marguerite at first annual European management conference. Wattif EV UK’s management team, including MD, Stephen Rees, and Global VP of Marketing, Janis Prescott, celebrated Wattif EV’s €50m investment at the company’s recent European Management Conference hosted by CEO, Robert Svendsen in Norway.