Smart Transport

Diode secures £146k Innovate UK grant funding

Diode, the electric vehicle suitability and infrastructure procurement start-up, has secured £146,000 in grant funding from Innovate UK to boost its development.

The new funding is a share of the £55 million from the Sustainable Innovation Fund (SIF).

Diode will use the funds to continue to develop a fully automated software platform for businesses, organisations, and individuals to assess EV suitability, profile charging demands, identify infrastructure requirements and run a tender process to procure what they need.

Users will be able to access the software directly from Diode’s website or through their strategic partners, including vehicle leasing companies, car dealerships, energy providers and local authorities.

Jon Horsfield, Diode founder and chief executive, said: “The grant funding will allow us to scale our services and help many more businesses, organisations and individual drivers to embrace electric vehicles.

“The grant is further validation that we are delivering something that will accelerate EV adoption and help drive down carbon emissions from businesses across the UK and beyond.”

Diode is already working with UK leasing company and EV specialist Tusker in order to support organisations and their employees in the take up of EVs.

Nearly 50% of Tuskers new leasing orders are now EV.

Tusker, which specialises in salary sacrifice, says that more than 60% of its total orders are for vehicles emitting 75g/km of CO2 or less, so-called ultra-low emission vehicles (ULEVs).

The company's average CO2 for each vehicle ordered in October was less than 46g/km.

Horsfield said Diode is currently working on a number of "significant partnerships" and will reveal more details soon.

He added: "EV adopters currently search for charge point providers, enquire, brief, survey, gather prices and select - often with little to no guidance beyond a partnership referral.

"We take a data-driven, transparent, and user-friendly approach, building a business case and timeline for the customer."

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