Trojan Energy, a specialist in on-street electric vehicle charging solutions, has secured a £26m investment to drive its growth plans.

L-R: Keith Barclay, investor at BGF; Ian Mackenzie, CEO at Trojan Energy; Nicola Douglas, executive director at Scottish National Investment Bank

The funding round comprises £8m from growth capital investor BGF alongside an £18m follow-on investment by the Scottish National Investment Bank (the Bank).

Launched in 2016, Trojan Energy’s patented charging technology provides convenient on-street electric vehicle charging, supporting the EV transition for the estimated nine million households in the UK without access to a driveway.

Trojan’s chargers will help make charging – and therefore EV usage – accessible for many more drivers, support the Government’s net zero plans.

The new investment from BGF and the Bank will support the continued rollout of Trojan Energy chargers across the UK.

Trojan Energy chargers sit flat and flush with the pavement, leaving streets ‘clutter free’

Trojan Energy chargers sit flat and flush with the pavement, leaving streets ‘clutter free’ and offering charging speeds of up to 22kW. The business has also developed the ‘DEICER’ system to alert drivers when a charger and charging bay becomes available to ensure a seamless user experience.

Customers include Barnet Council, which is installing around 1,300 on-street charge points, and there are significant opportunities with other local authorities across the UK, including in England as part of the Local Electric Vehicle Infrastructure (LEVI) fund.

The chargers are manufactured at Trojan Energy’s headquarters in Aberdeen. The business has a current headcount of 68 and is committed to expanding its workforce further, supporting the UK’s transition to net zero.

Ian Mackenzie, CEO at Trojan Energy, said: “We welcome this new investment from BGF and follow-on funding from the Bank. This funding will allow Trojan Energy to continue its journey and deploy several thousand more charging points across the UK, serving tens of thousands of customers. Trojan will be firmly on track to become one of the biggest providers of on-street EV charging in the UK, continuing our work as the world’s largest ‘clutter free’ on-street charging solution.”

Nicola Douglas, executive director at the Bank, commented: “We are pleased to allocate this £18m follow-on funding after our original investment in 2022. This investment aligns with our net zero mission as Trojan Energy’s green technology will play a part in supporting Scotland and the UK to reach important net zero targets by opening up EV charging to more potential users.”