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Zapgo, a UK-based electric vehicle (“EV”) charge point operator, announces the launch of its UK operations following a £25m investment by Toronto-based OPTrust alongside coinvestment from Zapgo’s management team and founders, Kingsley Capital Partners (“Kingsley”).

Zapgo will deploy the funding towards its target of rolling out a network of 4,000 Rapid (50- 99KW) and High Power Chargers (“HPC”) (>100KW) in destination locations across the UK, targeting areas where consumers are currently underserved by EV charging infrastructure. In line with its strategy to become the leading Rapid / HPC charging network in key areas of the UK, the move will significantly enhance motorists’ confidence by reducing ‘range anxiety’, shortening charge times, and promoting EV adoption as the UK continues on its path to net zero.

Zapgo’s management team comprises deeply experienced infrastructure professionals, led by CEO Steve Leighton, the founder and former CEO of Voneus Broadband; COO Ross Mabon, the former COO of BP Pulse and Egg (Liberty Global’s EV charging business); CFO Peter Ward, the fomer CFO of WightFibre and CTIL; and General Counsel Dilukshi Lineage, formerly General Counsel at Wildstone and EV manufacturer Arrival. Zapgo’s non executive Chair is Paul Hellings, who continues to be part of Fern Fibre Trading, and is the former CEO of Shell Energy UK and MD of Virgin WiFi.

Read the full story here.

Date posted: 09 November 2023
Article tag: Zapgo

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