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https://thedriven.io/2022/07/04/motoring-clubs-to-double-size-of-australias-biggest-ev-charging-network-after-buyout/>
"Australia’s largest motoring groups have taken full ownership of Australia’s
biggest electric vehicle charging network, Chargefox, providing the capital for
a massive rollout of fast-charging stations across the country to meet the
soaring demand for EVs.
The motoring groups, or “mobility clubs” as they now like to be known, include
the NRMA, RACV, RACQ, RAC, RAA and RACT, and – through Australian Motoring
Services (AMS) – already owned 40 per cent of Chargefox.
They have now agreed to buy out the remaining shares held by joint founders
Cogent and Jet Charge, and other smaller investors, with the immediate goal to
double the number of plugs around the country to 5,000 over the next three
years.
“We have hitting a tipping point with the change in federal government and the
positive attitude to EVs,” Chargefox CEO and co-founder Marty Andrews told The
Driven.
“This is the next step, the motoring groups will provide the capital and
membership, and our goals will take a big step forward.”
Andrews will remain as CEO and the ChargeFox team will largely remain the same.
The investment is a unique arrangement because there is no other place in the
world,
The Driven understands, where motoring groups have become one of
pivotal players in the roll out of EV chargers."
Share and enjoy,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
