Smart Transport

Ingenious invests £750,000 in EV charging firm

Ingenious has invested £750,000 through its Infrastructure Ventures EIS Service to help expand Elmtronics’ charging network across the UK.

The funding forms part of a £1.5m investment alongside the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia.

The investment follows the announcement that the Government is to ban the sale of new petrol and diesel cars from 2030.

Elmtronics has developed its own software – Hubsta - which is installed on the charging points and measures customers’ electricity use, allowing them to manage their account and pay for charging services.

The charging company was was established in 2016 and it supplies and installs public charging stations as well as those for homes and businesses.

Its clients already include Nike, the NHS, National Grid, FedEx, Taylor Wimpey and a number of city councils.

Dan Martin, Chief Executive Officer, Elmtronics, said: “The latest Government announcement is another big step forward on the ‘road to net zero’.

“However, despite the growing popularity of EVs with consumers and fleet users, a lack of charging points continues to deter many from making the switch.

“This funding will allow us to step up our activity to help build the all-important infrastructure. 

“We hope to make Elmtronics a key player in the roll-out.”

Watch now: Connecting Policy To Solutions Virtual Conference 2021

Smart Transport Conference returned on June 8th & 9th, to facilitate pivotal discussions on the future of transport. 

The UK’s most senior public and private sector transport leaders discussed the impact of Covid-19, achieving the Government’s decarbonisation ambitions, the need for more efficient living and better health, and much more.

Keynote speakers included: 

Kwasi Kwarteng, secretary of state at the Department for Business, Energy and Industrial Strategy (BEIS), who spoke on BEIS's approach to decarbonising transport, particularly the electrification of the vehicle industry

Keith Williams, co-author of the Williams-Shapps Plan for Rail, who spoke on rail’s role in integrated transport, decarbonisation and innovation.

Rachel Maclean, parliamentary under-secretary of state at the Department for Transport, who discussed the future of transport and its pivotal role in a ‘green recovery’ from the pandemic.

 

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