UK's EO Charging Secures $80mn Investment to Expand its Position in EV Fleet Charging

The UK's EO Charging, a leading provider of electric vehicle (EV) charging solutions for fleets, has secured approximately $80 million in new investment. The funding, from Vortex Energy, a leading energy transition investment firm, and Zouk Capital, a private equity and infrastructure fund manager, will help it accelerate its growth plans and global expansion strategy. 

Founded in 2014, EO is focused on smart charging solutions for electric car, van, truck and bus fleets.

The company plans to further expand its fleet charging solutions business in North America and across Europe, whilst maintaining its position in the UK market.

In 2022, EO launched its latest generation of EV chargers, the EO Genius 2 and EO Mini Pro 3, and most recently announced it has created a new multi-source financing and services platform, MOBILITe. 

Charlie Jardine, Founder and CEO of EO Charging, says: “We’re super excited to welcome Vortex Energy as our new growth investor alongside our long-term and trusted partner, Zouk Capital. The combined knowledge, international experience, and funding capacity will accelerate our growth, expand geographic reach, and drive innovation to deliver an ever-advancing suite of solutions to our customers not only in the UK and Europe but in fast-growing markets like North America.”

Karim Moussa, CEO of Vortex Energy, adds: “EV charging is a fascinating transformational industry. Major investments in charging infrastructure are needed to pave the way for a carbon-neutral world. Vortex is extremely happy to have partnered with EO as one of the leading providers of charging solutions in Europe. We are highly committed to supporting EO’s growth path alongside Zouk Capital, a reputable partner with a stellar track record.”  

EO has deployed over 80,000 chargers to businesses and consumers around the world, including Amazon, DHL, Uber and Tesco.