Charge+, a electric vehicle (EV) charging operator, secures $8 million in series A round funding. TRIVE Venture Capital is heading the Series A round, and TNB Aura is leading the most recent Series A2 financing. Christopher Quek will be joining the Charge+ board, as previously reported in 2023.
The money received will go toward Charge+’s continuous initiatives to quicken the rollout of its electric vehicle charging network in Southeast Asia. First, it will carry out an ongoing contract won through a tender by the Singapore Land Transport Authority (LTA) to supply about 4,000 electric vehicle charging stations in the parking lots of HDB public housing.
It is expanding quickly in Southeast Asia as well. To accommodate traffic on the trans-Java highway, the company is constructing the biggest EV charging center in Indonesia in the Batang area in central Java.
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To grow the network, it will collaborate with other local EV charging providers in addition to developing its own infrastructure. In order to provide it’s app users with quick access to a larger pool of EV chargers in their respective countries, roaming agreements have been negotiated with Tenaga Nasional Berhad (TNB) and ChargeSini in Malaysia, the Electricity Generating Authority of Thailand (EGAT) in Thailand, and PT PLN in Indonesia.
Ong Tze Boon, Chairman of Charge+ said, “Since founding Charge+ in 2018, our vision has been to catalyze electric mobility adoption across Southeast Asia, The successful completion of Series A financing represents another exciting milestone in accelerating our growth across this region. We are therefore pleased to add TNB Aura as our new investor, after TRIVE as the lead investor in Series A,”.
Vicknesh Pillay, Co-Founder and Managing Partner of TNB Aura said, “We’re pleased to partner with Charge+, the largest private EV charging provider in the region, The firm’s leadership is driving innovation and sustainable energy adoption, positioning Charge+ as a leader in the green mobility revolution,”.
About Charge+
Charge+ is a leading integrated EV charging solution provider for Singapore and Southeast Asia, with the mission to catalyse the proliferation of electric mobility in this region. Their suite of integrated solutions include a proprietary ultra-slim charger, smart charging software and innovative business models.
