Trojan Energy gets £2.2 million for on-street charging
In the UK, the clean energy company Trojan Energy has been financed with £2.2 million late-round seed funding to roll out on-street charging hubs as well as developing further commercial applications of its technology.
The company’s flat-and-flush charging posts are designed to make on-street charging available for households without driveways. The charging hubs are meant to operate without inconveniencing other footpath users.
The charging poles should provide immediate, cheap, green energy at up to 22kW via charge points in hubs of 15, or single units powered by the home. The charging points are connected via underground ducts to cabinets, located up to 100m away that can send power to 15 charging units at any one time. The company aims to decrease the size of the cabinets, reduce costs and expand its range of charging options.
The round was led by Scottish investors Equity Gap, and includes investment from Scottish Enterprise, SIS Ventures and Alba Equity.
Fraser Lusty of Scottish angel investors, Equity Gap, said: “This investment in Trojan Energy comes after an extremely successful year for the company, following our initial seed funding investment in 2020. The market potential for Trojan Energy is immense, and its technology is applicable worldwide. The technology is unique and, by enabling the team to further develop and refine its cutting-edge EV charging system, we expect to see Trojan Energy expand to other areas of the UK and rapidly gain market share.”