Engenie gets funding for 1,500-strong rapid charger network that will offer ultra-rapid chargers capable of recharging an EV in 10 minutes, as well as a focus on fleets wishing to go electric.

Engenie’s investment comes from Investec, which the company says will allow for 1,500 rapids including ultra-rapid chargers

Engenie is focusing on fleet owners who seek to transition to alternative fuelled vehicles, with the company stating: “Engenie is working closely with fleet managers who are looking to convert their fleets to electric vehicles. Engenie’s rapid charging technology offers quick-turnaround times, and Engenie provides free-of-charge advice and fully funded installation of all charge points, eliminating potential costs for fleet managers considering the move to EVs.”

The London-based company specialises in electric vehicle (EV) rapid charging and received capital investment from Investec, which should allow the business to reach its network target of 1,500 rapid chargers across the UK.

Charge speeds will fall to 10 minutes with the introduction of ultra-rapid chargers, the company said, likely alluding to next-generation 350kW charge points – by comparison, current rapid chargers tend to be 50kW and take 30 minutes to fill an average EV from 0-80%. Europe’s Ionity network that includes sites in the UK is also currently undergoing the rollout of 350kW chargers, as is the Dutch charge point operator Fastned.

Engenie hopes to enable clean transport and is partnering with commercial property owners and local authorities to the rapid charge network, strategically locating them throughout major centres and trunk routes. Locations will include retail parks, supermarkets, hotels, restaurants, petrol stations, commercial developments and on-street charging.

Engenie says its rapid and ultra-rapid charging stations are free for landlords, with no reliance on government subsidies. This is similar in approach to others including InstaVolt, which offers free rapid chargers to petrol forecourts.

As for the end users, Engenie will charge drivers a straightforward per-kWh rate, which covers the infrastructure and ongoing costs, with users able to via contactless credit/debit card or Apple Pay, which also offers in-built financial security features.

Jeremy Littman, founder and managing director of Engenie, commented: “Our in-house team has extensive expertise in real estate and retail, and we’ll also be working closely with fleet managers to facilitate a transition to electric vehicles, without the need for costly investment.

“We are working with a number of private and public landlords to continue the rollout of our market-leading EV charging points at multiple locations, and we’re looking forward to working closely with Investec in the months to come.”