The British charging infrastructure provider is targeting a flotation in June, “Sky News” has learnt. With this step, the company seeks to raise 50m pounds and to augment its total value to 170m pounds.
Chargemaster is the biggest provider of EV infrastructure in the UK and partners with several OEMs, among them BMW, Jaguar Land Rover, Nissan, Renault and Tesla.
The infrastructure provider has erected more than 6,500 public charging stations in Great Britain and says that it has about 40,000 users. Within the next four years, this figure shall get another “0”, thus 400,000 users. Moreover, the company intends to extend its network called Polar by additional 2,000 charging points within the upcoming one and a half years.