Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

EV charging app Zap-Map powers up for international expansion with £9m raise

by August 9, 2022
August 9, 2022
EV charging app Zap-Map powers up for international expansion with £9m raise

Electric vehicle charging app Zap-Map has secured £9m in Series A funding to grow its development team and fund international growth.

Headquartered in Bristol, Zap-Map’s app lets users find and pay for public EV charging points. Zap-Map also publishes data analytics on the UK’s electric vehicle sector.

“This fundraising round allows us to accelerate Zap-Map’s core mission – making it simple for current and future electric vehicle drivers to plan journeys, search and pay for electric vehicle charging,” said Richard Bourne, chief executive, Zap-Map.

Out of the £9m, £5.3m was deployed by American fuel card and payment provider Fleetcor, with the remaining £3.7m contributed by Wiltshire energy company Good Energy.

According to Zap-Map, it now has a post-money equity value of £26.3m, while its pre-money enterprise valuation stood at £18.35m. Good Energy will now hold a 49.9% shareholding and Fleetcor a shareholding of 19.9%.

Founded in 2014, Zap-Map says that it has over 420,000 registered users.

Nigel Pocklington, chair of Zap-Map and chief executive of Good Energy said: “There are over half a million EV drivers in the UK, with millions more switching to electric in the coming years. It is a race towards zero-emission transport and Zap-Map is placed right at the front of the field, where we plan to keep it.”

BP earlier this month announced plans to spend up to £50m on an electric vehicle battery research and development facility in Berkshire.

While electric vehicle startup Arrival is reportedly delaying trials of its electric bus and car to focus on the launch of its van.

Read more:
EV charging app Zap-Map powers up for international expansion with £9m raise

0
FacebookTwitterGoogle +Pinterest
previous post
UK urged to come up with microchip strategy
next post
Lord Hammond to join £1bn Fintech Growth Fund

You may also like

Searching Profitable Avenues

May 17, 2024

Wales considers 25% income tax cut to tackle...

September 20, 2024

SME lender iwoca raises new £200 million funding...

October 17, 2023

Keeping UK energy bills down over winter cost...

June 9, 2023

Forterro expands market footprint in France, and enters...

November 9, 2023

Always Learning: How Dr. Thomas John Byrne Stays...

June 4, 2025

Treat investing in Cryptocurrency as gambling, MPs say

May 17, 2023

How Philip Belamant, CEO and Co-Founder of Revolutionary...

September 7, 2022

UK households face tax rise of £3,500 a...

September 29, 2023

Private schools to charge VAT from January as...

July 30, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Harrell E. Robinson on Building Global Healthcare from the Ground Up

      June 15, 2025
    • US Embassy in Israel tells government employees, families to shelter in place amid Iran strikes

      June 15, 2025
    • Week Ahead: NIFTY May Continue Showing Resilience; Broader Markets May Relatively Outperform

      June 15, 2025
    • Netanyahu calls on Iranian citizens to seize ‘opportunity’ for regime change

      June 15, 2025
    • Israel’s actions against Iran create strategic opportunity for US in nuclear talks, experts say

      June 14, 2025
    • Israel strikes at the heart of Iran’s nuclear ambitions in Isfahan offensive

      June 14, 2025

    Categories

    • Business (8,214)
    • Investing (2,035)
    • Politics (15,652)
    • Stocks (3,148)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved