Zap-Map secures £9m in Series A funding from Fleetcor and Good Energy to scale operations
Fleetcor and Good Energy backed the round to support international expansion and product development.
Zap-Map operates the leading electric vehicle mapping and charging payment platform in the United Kingdom. The service enables drivers to locate charge points, plan routes, and settle transactions through a single application.
Zap-Map has secured £9m in Series A funding to accelerate its product development and pursue international expansion. The investment comprises contributions from new strategic partner Fleetcor and existing backer Good Energy. The capital will enable the mapping platform to scale its development team and enhance its payment solutions for electric vehicle drivers across the market.
Fleetcor provided £5.3m of the total, establishing a partnership that integrates its Allstar payment network into the Zap-Pay service. Good Energy contributed £3.7m, reinforcing its stake in the business as part of a wider strategy supporting clean transport infrastructure. The transaction values Zap-Map at £26.3m post money.
From the founder
"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. Good Energy has proven a powerful partner to date and we are delighted to have a new strategic collaboration with Fleetcor which will supercharge our ambition to accelerate the provision of services to the fleet market and allow us to look ahead and expand internationally."
Richard Bourne
Chief Executive at Zap-Map
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Zap-Map
Zap-Map operates the leading electric vehicle mapping and charge point payment network in the UK.