Electric vehicle rapid charging firm, InstaVolt, has announced plans to acquire an additional 400 rapid chargers from EV charging network ChargePoint.
Courtesy of InstaVolt
The planned acquisition will add to the 200 DC chargers purchased by InstaVolt in May of 2017. The investment triples the company’s current order book with its US-based technology partner, ChargePoint, and highlights its commitment to building the UK’s electric vehicle charging network.
The addition of ChargePoint rapid DC chargers is keeping pace with historic growth of EVs throughout Europe and particularly in the UK. Today, there are more than 135,000 EVs on the road in the UK, a 50 per cent increase over the previous year. That number could reach 1.2 million by 2020, according to the Department for Transport.
“InstaVolt is leading the way to deploying a comprehensive charging network in the UK,” said Chris Burghardt, Managing Director for Europe, ChargePoint, Inc. “ChargePoint has committed significant resources to growing our presence in Europe in the past year, as highlighted by this partnership. InstaVolt’s commitment to triple the number of rapid chargers is another important milestone for ChargePoint that not only expands our relationship with InstaVolt, but supports our mutual commitment to the mass adoption of electric vehicles in Europe.”
More than 200 rapid DC chargers are expected to be up and running by Spring, with more added throughout 2018.
“This order for a further 400 rapid DC chargers with our technology partner, ChargePoint, represents another significant milestone in the roll-out of our network,” added Tim Payne, CEO for InstaVolt.
Through collaboration with companies such as InstaVolt, ChargePoint aims to help build the framework for Europe’s most comprehensive and intelligent charging ecosystem, thereby helping the region to complete the shift to electric mobility.