Renewable electricity supplier Good Energy has announced a new £1m strategic investment into Next Green Car, the parent company of electric vehicle platform Zap-Map.
Bristol-based Zap-Map is the UK's leading electric vehicle (EV) mapping service and the investment will fund the next stage of growth and scale commercial opportunities.
Chippenham-based Good Energy already holds a 50.1 percent majority stake in Next Green Car. The new investment reflects Zap-Map’s success in growing the business after Good Energy first took a stake in the business in 2019.
Zap-Map recently launched its new EV payment service, Zap-Pay, which led to a growth in registered users.
The company also created new roles in senior commercial and strategic leadership, and the Zap-Map board has identified further funding as important to grow the business.
Juliet Davenport, founder and CEO of Good Energy, and chairman of Zap-Map, said: “This new investment will allow Zap-Map to accelerate its proven products and provide much-needed services for the growing number of EV drivers in the UK and beyond.
"With a strong pipeline of opportunities, we are excited about what the future holds.”
Zap-Map currently has 180,000 registered users, and over 95 percent of the UK’s public points on its network.
Over 75 percent of the UK EV drivers have downloaded Zap–Map, which has grown 60 percent in 2020, in line with the EV market.
Pictured: Juliet Davenport with Zap-Map co-founders Melanie Shufflebotham and Ben Lane