EV charging firm to create 19 jobs after £1.5m raise
Posted on November 26, 2020 by Alistair Hardaker
Electric vehicle (EV) charging company Elmtronics is set to step up the roll-out of charging points across the country after securing a £1.5m investment.
The Durham headquartered firm has raised the funding from the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia, and the Ingenious Infrastructure Ventures EIS Service.
The investment, which follows the announcement that the government is to ban the sale of new petrol and diesel cars from 2030, will allow Elmtronics to step up its work in underserved UK regions.
With offices in Bristol, Manchester and London, Elmtronics supplies and installs public charging stations as well as those for homes and businesses.
Its clients include Nike, the NHS, National Grid, FedEx, Taylor Wimpey and a number of city councils.
Its Hubsta software is installed on charging points and measures customers’ electricity use, allowing them to pay for and manage their account.
The funding will enable it to further enhance the software and support the creation of 19 new jobs around the country in the next three months, almost doubling the size of its workforce.
Elmtronics was established in 2016 by former electricians Dan Martin and Anthony Piggott.
Martin 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.”