A Scottish clean energy company Trojan Energy which develops unique technology to power on-street charging points for electric vehicles has now announced that it has raised a late seed round investment of £2.2 million.
The investment round was led by Scottish angel investors Equity Gap, and also included participation from Scottish Enterprise, SIS Ventures and Aberdeen-based angel investors Alba Equity.
EV charging available for all
With the latest funds, Trojan Energy intends to roll out its unique, flat-and-flush on-street EV charging hubs and develop further commercial applications of its technology. Trojan Energy’s vision is to make EV charging available to everyone, ensuring a fair price and efficient, convenient charging infrastructure. The startup further aims to be the de facto on-street charging solution for EVs in the UK by the end of 2023.
With the UK target market worth well over £1 billion, the company eyes to use the funding to improve its technology and applications by volume level manufacturing, rolling out charge points in more areas and growing their…
