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EV charging app Zap-Map powers up for international expansion with £9m raise


“This fundraising round allows us to accelerate Zap-Map’s core mission – making it simple for current and future electric vehicle drivers to plan journeys, search and pay for electric vehicle charging,” stated Richard Bourne, chief government, Zap-Map.

Out of the £9m, £5.3m was deployed by American gasoline card and cost supplier Fleetcor, with the remaining £3.7m contributed by Wiltshire vitality firm Good Energy.

According to Zap-Map, it now has a post-money fairness worth of £26.3m, whereas its pre-money enterprise valuation stood at £18.35m. Good Energy will now maintain a 49.9% shareholding and Fleetcor a shareholding of 19.9%.

Founded in 2014, Zap-Map says that it has over 420,000 registered customers.

Nigel Pocklington, chair of Zap-Map and chief government of Good Energy stated: “There are over half a million EV drivers in the UK, with millions more switching to electric in the coming years. It is a race towards zero-emission transport and Zap-Map is placed right at the front of the field, where we plan to keep it.”

BP earlier this month announced plans to spend up to £50m on an electric vehicle battery research and improvement facility in Berkshire.

While electrical car startup Arrival is reportedly delaying trials of its electrical bus and automobile to deal with the launch of its van.

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