Good Energy, the 100% renewable electricity supplier, is today announcing a new £1m strategic investment into Zap-Map’s parent company Next Green Car.
Bristol-based Zap-Map is the UK’s leading electric vehicle (EV) mapping service and the investment will fund the next stage of growth and scale commercial opportunities.
Good Energy already holds a 50.1% majority stake in Next Green Car. This new investment reflects Zap-Map’s success in growing the business after Good Energy first took a stake in the business in 2019.
Zap-Map recently launched its new EV payment service, Zap-Pay, which led to a growth in registered users. The company also created new roles in senior commercial and strategic leadership, and the Zap-Map Board has identified further funding as important to grow the business.
Juliet Davenport, Founder and CEO of Good Energy, and Chair of Zap-Map, said, “This new investment will allow Zap-Map to accelerate its proven products and provide much-needed services for the growing number of EV drivers in the UK and beyond. With a strong pipeline of opportunities, we are excited about what the future holds.”
Zap-Map currently has 180,000 registered users, and over 95% of the UK’s public points on its network. Over 75% of the UK EV drivers have downloaded Zap–Map, which has grown 60% in 2020, in line with the EV market.
Commercial partnership with Fleetcor UK
As part of making charging simple for all EV drivers, Zap-Map has entered into a heads of terms agreement with Fleetcor UK, part of Fleetcor a worldwide leader in business payments, to integrate its Zap-Pay solution with the Allstar payment platform. This will cover commercial fleets of vehicles, aimed at delivering a solution to remove the payment complexities for businesses and commercial fleets.
The Allstar One Electric fuel card enables fleet operators to manage all fuel types, whether traditional (petrol or diesel) or alternative, such as electric, hydrogen or hybrid, on one payment card. It now provides fleet operators and drivers with access to more than 4,200 charging points across 1,700 locations throughout the UK.
Juliet Davenport added, “This new partnership with Fleetcor is a great example of two leaders in their fields collaborating to solving and simplifying a complex problem for businesses as they transition to electric motoring. The solution will help to make charging simple for business EV drivers at scale, increase adoption and help drive the UK towards zero emission motoring”.