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VC firm Beringea invests £3 million in Chargemaster

Venture capital firm Beringea has invested £3 million in EVSE provider Chargemaster. Founded in 2008, Chargemaster claims to be the UK’s largest supplier of EV infrastructure, with over 10,000 public chargers in Britain and another 4,000 on the Continent.

Chargemaster’s charging units can be wall mounted, placed on street-side posts or custom-built to customer specifications. They feature built-in communications equipment linked in a nationwide charging network called POLAR.

Chargemaster 3

“The Chargemaster team has more experience in designing, building and installing high technology street-side electronics than any other European organization,” said Malcolm Moss, founding partner at Beringea. 

“Chargemaster has demonstrated very significant growth over the last two years and is well positioned to capitalise on the mainstream adoption of electric cars,” said David Martell, CEO of Chargemaster. “We are delighted to have received this investment from Beringea which provides a strong endorsement of our number one market position and additional capital to enable us to maintain our strong momentum.”

 

Source: Beringea, Chargemaster

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