Zouk Capital increased its backing to accelerate the rollout of on-street chargers across the UK.
"Zouk’s increased commitment to char.gy comes at a pivotal time as the EV charging market experiences exponential growth. Collaborating with dedicated partners like char.gy allows local authorities to provide accessible, reliable charging infrastructure to their residents now and into the future. We are delighted to strengthen our support for char.gy’s mission. Well-capitalised providers like char.gy ensure that councils can depend on consistent, long-term investments, which are crucial for sustainable infrastructure development. Investors committed for the long haul are essential in meeting the growing demand for EV infrastructure and supporting the UK’s Net Zero 2050 goals."
The growth capital round was backed by YFM and existing investors to support worldwide expansion.
"Ohalo is operating in a burgeoning marketplace, which is subject to increasing demand. It’s estimated by Gartner that 20% of all organizations will use software to monitor and control their unstructured data by 2026. With YFM’s backing there is a significant opportunity for Ohalo to capitalize upon this, having already carved out an excellent reputation for service delivery and tech innovation. We look forward to seeing the company continue to thrive and expand."
Toscafund Asset Management led the round, with co-investment from Maven Capital Partners.
"This investment from Maven helps us to reach our ambitious growth plans and expansion into new markets, as well as our continued drive to deliver market-leading communications solutions across the capital markets. We’re thrilled to welcome such a high calibre investor on board who believes in our vision."
Marbanc International has backed Solus Power to help commercialise its mobile electric vehicle charging technology.
"Our mission at Solus Power is to revolutionize the mobilization of energy. We have developed cutting-edge charging technology that will relieve the pain points of EV ownership and offer a seamless solution across all industries and sectors that want to move to more sustainable fleets without the worry of available infrastructure. We are delighted to have the support of Marbanc International who has recognized the significant value our technology can offer to our expansive potential client base and we now look ahead to commercialization of our products."
