EO Charging, a prominent name in electric vehicle charging solutions, has secured a significant $80 million equity investment.
- The investment was facilitated by Vortex Energy and Zouk Capital, combined to propel EO Charging’s global expansion.
- Founded by entrepreneur Charlie Jardine, EO Charging offers smart charging solutions for fleet vehicles of all sizes.
- The legal team from Birketts, led by Rachel Astill, played a critical role in this successful transaction.
- EO Charging’s leadership is optimistic about leveraging this investment for global growth in the accelerating zero-emission transportation market.
EO Charging, renowned for its electric vehicle charging solutions, has announced a substantial $80 million equity investment. This investment, made possible by Vortex Energy and Zouk Capital, marks a pivotal step in EO Charging’s journey towards global expansion. Such a significant influx of capital is expected to catalyse EO’s aspirations to become a leader in the EV fleet charging sector, especially as the adoption of zero-emission transportation continues to accelerate.
Originally founded in 2014 by Charlie Jardine, EO Charging has made a name for itself by offering smart, end-to-end charging solutions that cater to electric vehicle fleets, regardless of their size. The company’s innovative approach ensures that clients have everything necessary to transition smoothly to electric vehicles at any scale and pace.
The equity transaction was overseen by Birketts’ Corporate Team, under the leadership of Legal Director Rachel Astill, with support from Associate Grace Shek. Senior Partner James Austin supervised the team throughout the process. Astill remarked, “It has been a pleasure working with the EO Charging team on their latest equity raise. The EV charging sector is an exciting one to be involved in, and we’re delighted that we have been able to play a role in EO’s growth and expansion.”
EO Charging’s Managing Director, John Jardine, expressed gratitude towards the Birketts team for their expert guidance and support. He emphasised that their specialist advice was invaluable during the investment round, which was crucial for navigating the complexities of the transaction. Jardine stated, “Our thanks goes to the Birketts team, whose expert support and client care were vital to the success of this transaction. Their specialist advice was invaluable whilst navigating this investment round, and we’re excited to have the funding and service offering to develop our leadership on a global scale as the market continues to accelerate.”
The $80 million investment marks a promising new chapter for EO Charging as it strengthens its global presence in the electric vehicle charging sector.
