EO Charging, a leading provider of electric vehicle (EV) charging solutions for fleets, has secured approximately US $80mn in equity investment from leading energy transition investment firm Vortex Energy, and Zouk Capital, to accelerate its growth plans and global expansion strategy. The two investors are coming together in a partnership that will support EO’s path towards global leadership in EV fleet charging as zero-emission transportation adoption accelerates.
IMPROVED acted as the exclusive financial advisor to Vortex Energy. Leveraging its deep understanding of market dynamics, business models, and valuations in the E-Mobility and EV charging domains, the IMPROVED team supported Vortex Energy on key transaction, valuation, industry and business plan considerations in the fund’s first investment in the EV charging sector.
Founded in 2014 by entrepreneur Charlie Jardine, EO is focused on smart charging solutions for electric car, van, truck and bus fleets. Its unique end-to-end solutions offer customers everything they need to transition to electric at scale and pace, no matter the size of their fleet – from smart fleet consultations, AC and DC hardware and cloud-based management software to depot installations, grid connections, and 24/7/365 operations and maintenance service.
