Growth21 February 2023

EO Charging secures £66.2m from Vortex Energy and Zouk Capital to accelerate global expansion.

The funding round was led by Zouk Capital alongside new investor Vortex Energy.

£66.2MGrowth

EO Charging provides electric vehicle charging infrastructure and software solutions for commercial fleets globally. The British enterprise designs proprietary hardware and manages large-scale depot installations for corporate operators.

EO Charging has secured £66.2m in equity funding from Vortex Energy and Zouk Capital to accelerate its international expansion and growth plans. The capital injection will support the company as it scales its electric vehicle fleet charging solutions across North America and Europe while maintaining its market position in the UK.

The round builds on the company's development of new hardware and its multi-source financing platform designed to help commercial fleet operators transition to zero-emission vehicles. Zouk Capital led the investment, continuing a partnership that began in 2018, alongside new backer Vortex Energy.

From the founder

"We’re super excited to welcome Vortex Energy as our new growth investor alongside our long-term and trusted partner, Zouk Capital. The combined knowledge, international experience, and funding capacity will accelerate our growth, expand geographic reach, and drive innovation to deliver an ever-advancing suite of solutions to our customers not only in the UK and Europe but in fast-growing markets like North America."

Charlie Jardine

Founder and CEO at EO Charging

Investor perspective

"EV charging is a fascinating transformational industry. Major investments in charging infrastructure are needed to pave the way for a carbon-neutral world. Vortex is extremely happy to have partnered with EO as one of the leading providers of charging solutions in Europe. We are highly committed to supporting EO’s growth path alongside Zouk Capital, a reputable partner with a stellar track record"

Karim Moussa

CEO, Vortex Energy