EDF completes Pod Point acquisition
EDF, through its UK arm EDF Energy Customers Ltd, has completed the full acquisition of Pod Point Group Holdings PLC, a leading EV charging solutions provider based in London. As a result, Pod Point has been delisted from the London Stock Exchange.
The acquisition follows the Pod Board’s recommendation of the buyout offer in June, at which point EDF already held a 53 per cent stake in the company. The move consolidates EDF’s strategic focus on electric mobility and energy decarbonisation in the UK.
“Pod has been a key player in the EV charging space and as a wholly owned subsidiary of EDF, will be well-positioned to thrive in a rapidly evolving market,” said Philippe Commaret, Managing Director of Customers, EDF in the UK.
Pod Point CEO Melanie Lane added: “Joining the EDF family today marks a new era for Pod and an opportunity for us to build upon our years of collaboration with EDF. We will continue to work closely with our wider ecosystem of partners and customers to deliver on our commitment to help busy households with all their charging needs, while supporting Britain’s electricity grid.”
The acquisition aligns with EDF’s broader objectives to support the UK’s electrification efforts and reduce carbon emissions. EDF currently offers several EV-specific energy tariffs, including its ‘Go Electric’ plan, which claims to save users £316 annually versus standard rates. A recent smart charging add-on can deliver an additional £239 in annual savings.
And Pod Point points out that it recently introduced ‘Pod Drive’, a subscription-based service for home charging. The plan is said to reduce the upfront cost of a Solo 3S charger by more than £1,000 and offers cashback for up to 7,500 smart-charged miles per year. As part of EDF, Pod Point is expected to scale its product offerings and expand its presence in the UK EV infrastructure market.
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