Gulf Oil International is a downstream oil company and fuel brand that is expanding into the electric mobility sector.
Portfolio
2
companies
Indra
Indra manufactures smart electric vehicle chargers and energy storage systems for residential and commercial use.
Indra Renewable Technologies
Indra Renewable Technologies develops smart EV chargers and bidirectional charging solutions.
The Worcestershire-based smart energy technology company secured the financing to expand its customer base and accelerate product development.
"Indra’s core mission is to make energy smarter to help enable the road to Net Zero. This additional investment shows the depth of confidence in our ground-breaking technology as we continue to push boundaries and unlock the potential of EVs as portable energy sources for a sustainable, greener energy ecosystem."
Gulf Oil International led the Series B round to support the growth of bidirectional EV charging technology.
"Indra's core mission is to make energy smarter to help enable the road to Net Zero. This additional investment shows the depth of confidence in our ground-breaking technology as we continue to push boundaries and unlock the potential of EVs as portable energy sources for a sustainable, greener energy ecosystem."
The Clean Growth Fund led the investment, which marks Gulf Oil International's first strategic move into the electric vehicle sector.
"Indra is all about technology and using it to support the journey to Net Zero. Thanks to the early investment by OVO Group, and now with the investment from the Clean Growth Fund and Gulf, we are in a very strong position to take full advantage of the growing EV market and the emergence of V2G solutions in the UK and globally."
The funding round was led by the Clean Growth Fund with participation from Gulf Oil International.
"Indra is all about technology and using it to support the journey to Net Zero. Thanks to the early investment by OVO Group, and now with the investment from the Clean Growth Fund and Gulf, we are in a very strong position to take full advantage of the growing EV market and the emergence of V2G solutions in the UK and globally."