EDF has bought struggling London-based charging solutions firm Pod for £10.6m, bolstering its work in the EV arena.

The French utility giant has completed its acquisition of all outstanding shares of Pod Point Group Holdings Plc through its British subsidiary EDF Energy Customers.

This follows the Pod Board’s recommendation of the buyout offer from EDF in June, at which time EDF held a 53% stake in the business.

Pod, recently rebranded from Pod Point and refocused on home charging subscription services, has been delisted from the London Stock Exchange, effective from 4 August 2025, marking the completion of the transition to a privately held company.

EDF said the acquisition reaffirms its commitment to strengthening Britain’s energy security by accelerating electrification and helping its customers save cash and carbon.

Philippe Commaret, managing director of customers for EDF in the UK, said: “Pod has been a key player in the EV charging space and, as a wholly owned subsidiary of EDF, will be well-positioned to thrive in a rapidly evolving market.”

Melanie Lane, CEO of Pod, added: “Joining the EDF family today marks a new era for Pod and an opportunity for us to build upon our years of collaboration with EDF. We will continue to work closely with our wider ecosystem of partners and customers to deliver on our commitment to help busy households with all their charging needs, while supporting Britain’s electricity grid.”

The integration as part of EDF will be used to strengthen Pod’s ability to develop and roll out its Pod Drive subscription services to new and existing EV drivers.

The offer cuts the upfront cost of a Solo 3S home EV charging system by over £1,000 whilst also providing cashback on up to 7,500 ‘smart charged’ miles per year and a 48-hour service level agreement, giving subscribers total peace of mind.

The new service complements EDF’s work as one of the largest suppliers of EV tariffs; its cheapest EV tariff ‘Go Electric’ is calculated to save customers £316 each year compared to standard rates. The business also recently introduced a smart charging add-on, saving customers a further £239 a year. All EDF’s EV tariffs are backed by the firm’s own zero-carbon electricity.