Trojan Energy has secured an investment of £2.2 million to roll out its electric vehicle (EV) charging hubs.
The investors include Scottish Enterprise, SIS Ventures and Alba Equity.
Trojan Energy will look to use the funding to have its charge points installed in more areas, grow its team and improve its technology. It aims to be the ‘on-street charging solution’ for EVs in the UK by the end of 2023.
It plans to install up to 150 charging points to be trialled by customers in the London Borough of Brent and in Camden by the end of 2021.
Jan Robertson, Interim Director of Growth Investments at Scottish Enterprise, commented: “It is fantastic to see this innovative company developing the solution to a problem that might otherwise slow down the UK’s transition to clean energy.
“The fact that the company’s founders hail from the oil and gas industry and now are leading the way in the energy transition is a fantastic example of pivoting the nation’s skills in this new era of clean energy.”