Electric vehicle (EV) charging firm Elmtronics has secured £1.5 million in funding to help drive its expansion.
The funding will allow Elmtronics – which supplies and installs chargepoints for both public use and at homes and businesses - to step up its work in underserved UK regions. Its Hubsta software – which is installed on the chargers and measures customers’ electricity use, allowing them to pay for and manage their account - is to be enhanced with the funds, and 19 new jobs created.
An Elmtronics spokesperson told Current± that local teams would be established to carry out installations across all of the UK regions, as well as additional staff added at its HQ in Consett. A new regional office is also planned to open in the coming months, COVID-19 permitting, the spokesperson said, and will be in addition to its other offices in Manchester, Bristol and London.
Elmtronics is also actively seeking to win new projects across the UK ranging from individual installations for householders to contracts for business and large public sector tenders.
The £1.5 million of funding to support this comes from the North East Venture Fund, which is supported by the European Regional Development Fund and managed by Mercia, and the Ingenious Infrastructure Ventures EIS Service.
Dan Martin, CEO of Elmtronics, pointed to the government’s recent announcement that the ban on the sale of new internal combustion engine vehicles would be implemented in 2030, describing it as a “big step forward” but warned that a lack of chargepoints “continues to deter many from making that 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,” he added.
Elmtronics was founded in 2016 by Martin and Anthony Piggott and has clients such as the NHS, Nike, FedEx, National Grid, Taylor Wimpey and a number of city councils.