ChargeNet to ‘rapidly scale up’ after new investment

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Electric vehicle charging company ChargeNet has secured investment from a Swiss energy trading firm Mercuria, to expand its charging network across the country for a 20 per cent stake in the company.

ChargeNet owns the country’s largest charging network, with 256 stations, and had a further 24 in its pipeline.

Co-founder Steve West said “Right now, we’re on the edge of exponential growth in the adoption of EVs,”. The company’s “hyper-rapid” charging station had the capability to provide motorists with 400km of range in 15 minutes.

Mercuria’s vice president of energy transition and emissions trading Jean-Francois Steels said “We strongly believe ChargeNet is uniquely positioned to support EV adoption across New-Zealand and the Asia-Pacific region,”

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