InstaVolt signs multi-million-pound deal with ChargePoint.
InstaVolt has signed a multi-million-pound deal with the world’s largest electric vehicle (EV) charging network.The Basingstoke firm has signed an agreement with Silicon Valley giant ChargePoint to purchase more than 200 of its electric vehicle rapid charging solutions. They will be installed later this year, marking the first time the rapid charging systems will be deployed in the UK.
InstaVolt, which installs and maintains electric vehicle charging points at places such as forecourts and service stations, will begin installing the first of the ChargePoint ‘Express Plus’ rapid charge systems this summer. They will be strategically placed close to popular routes across the country, enabling drivers to easily charge their vehicles during long journeys.
The Express Plus charging systems, which can add hundreds of miles of range in as quick as 15 minutes, have been designed to be future-proof. The modular charging platform is built to scale as demand grows.
Tim Payne, CEO at InstaVolt, said: “ChargePoint will fulfil two important criteria for us: the charging units are future-proofed so the units can be configured to meet the precise requirements of any site and can be scaled incrementally as demand for higher rate charging increases. This is particularly important as EV manufacturers begin to bring out new models with increased battery capacity. We are also committed to making sure the units are working 24/7 and so the reliability of the ChargePoint product is one of the cornerstones of our offer.”
The deal between InstaVolt and ChargePoint comes after the American company secured $82 million in investments as part of its latest funding round to help it break into Europe.
Simon Lonsdale, Vice President, Business Development, ChargePoint, Inc added: “InstaVolt has raised millions to install a DC rapid charge network country-wide across the UK. We are two companies that are committed to e-mobility in Europe, accelerating the driving revolution by making e-mobility a part of everyday life. InstaVolt is well positioned to help expand EV charging in the UK and are a great partner in this effort.”
InstaVolt, headquartered in Basingstoke, aims to improve air quality and reduce carbon emissions by making the UK an easier place to drive an electric vehicle. According to Government statistics, one of the biggest barriers that deters people from buying electric vehicles is the fear of not being able to recharge. InstaVolt aims to change this by introducing thousands of rapid charging points all over the country.