Paua has created a network of 10,000 EV chargepoints that provides a single interface for organisations and fleets to pay for charging, obtain receipts, and claim VAT refunds.
This network includes chargers from Osprey, Fastned, Ionity, Connected Kerb, Char.gy, and Mer.
The announcement follows an oversubscribed pre-seed funding round for Paua in January 2022 led by Seedcamp, and which also saw participation from Speedinvest, Octopus Ventures, and angel investors – including former directors from RWE, Ovo, and SSE.
By enabling fleets and businesses switch to EVs, Paua says it is helping the UK transition from petrol and diesel vehicles ahead of their phase-out in 2030.
A Paua survey in 2021 found that 40% of fleets avoid public charging, with research by the government indicating that 54% of future EV drivers see public charging as a barrier.
Niall Riddell, CEO and co-founder of Paua said, “We’ve now developed the UK’s largest business network for electric vehicle chargepoints. The reason for our success comes down to the fact that we provide a great value-add for our customers, as we make EV fleet admin simple.
“We provide a great way for the UK’s public chargepoint networks to connect with historically under-served business customers. We’re delighted to be welcoming our new investors, who believe in our vision to support business transition to electric motoring.”
Andreas Schwarzenbrunner, Partner at Speedinvest added, “Simplifying the electric vehicle charging experience for businesses is critical to mass adoption of EVs. Companies like Paua help tackle climate change by providing technology that improves the driver’s experience and therefore reduces barriers to going electric.”
