Indra raises over £20m in a Series B round led by Gulf Oil International to advance bidirectional EV charging.
The Worcestershire-based smart energy technology company secured the financing to expand its customer base and accelerate product development.
Indra develops smart charging and energy storage solutions for electric vehicles, specialising in domestic vehicle-to-grid technology.
Indra has secured over £20m in a Series B funding round led by Gulf Oil International. The Worcestershire-based electric vehicle charging and smart energy technology firm will deploy the capital to advance its bidirectional charging capabilities and expand its market presence.
Founded in 2013, the company produces smart EV chargers and commercial vehicle-to-grid systems designed to allow power to flow between vehicles, homes, and the national grid. The fresh funds will support international expansion, customer growth, and the continued development of its hardware and software platforms.
The investment arrives as the company prepares for large-scale trials of its vehicle-to-home technology. Backers aim to capitalise on growing demand for sustainable energy infrastructure and vehicle-integrated power storage.
Investor perspective
"Gulf is continuing its transformation journey and is looking forward to working closely with Indra, who continue to lead and develop the V2H/V2G technology that will play a key role in EV adoption."
Camille Nehme
Director, Gulf Oil International
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Invest in sales and marketing
Investors
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About the company
Indra
Indra manufactures smart electric vehicle chargers and energy storage systems for residential and commercial use.