Pod Point

Pod Point
Private Limited Company
Industry Electric vehicles
Founded 2009
Headquarters London, United Kingdom
Key people
 Erik Fairbairn, CEO
Gill Howard, CD
Rob Walden, OD
Rob Reng, CTO
David Surtees, CFO
Andy Palmer, Board Observer
Simon Cook, Non-Exec Director
Peter Hiscocks, Chairman
Products Electric vehicle charging infrastructure
Website www.pod-point.com
A car charging from a POD Point charging point
Pod Point Solo

Pod Point is a leading UK provider of charging infrastructure for electric vehicles, based in London, England.[1][2] It provides charging units for home, business and public use. Since forming in 2009, Pod Point have manufactured and sold over 40,000 charging points and developed one of the UK’s largest public networks, connecting EV drivers with hundreds of charging stations nationwide at locations such as Sainsbury’s and Southern Rail. [3]

Pod Point operates the Open Charge network which aims to offer a charge point everywhere drivers park. The Open Charge network is accessible via the Pod Point smartphone app. [4]

History

Pod Point was founded in 2009 by the current CEO, Erik Fairbairn,[5] who previously founded and exited the supercar club Ecurie25.[6]

In 2014 Pod Point raised £1.5 million in an equity crowdfunding round on the Seedrs platform at a pre-money valuation of £16 million.[7]

In 2015 the firm launched its Open Charge network of public electric vehicle chargepoints in the United Kingdom, with the stated aim of making it easier for drivers to start charging by using a smartphone application in place of an RFID card.[8]

Later in the year, Pod Point raised £1.9 million in an equity crowdfunding campaign on the Crowdcube platform at a pre-money valuation of £26 million. This was supplemented by £0.37 million raised through the issuing of mini-bonds on the same platform.[9]

In 2017, the business raised a further £9 million at a pre-money valuation of £35 million. Venture capital firm Draper Esprit led the financing round with an investment of £5 million. The remainder of the funding amount was made up of £0.5 million angel investment, £1.5 million raised in an equity crowdfunding campaign on Crowdcube and £2 million venture debt raised from Barclays.[10]

In 2018, Pod Point announced that it would be one of the first firms to sell 150kW rapid chargers in the UK, stating that these would be necessary to support plug-in vehicles with faster charging capabilities and longer range batteries that it anticipated coming to market in the medium term.[11]

A couple of months later, the company installed 67 electric vehicle chargepoints at Skanska’s UK Headquarters in Hertfordshire, thought to be the largest single installation of electric vehicle chargepoints in the United Kingdom at the time.[12]

Business & Industry Awards

In 2015 and 2016, Pod Point ranked 86th and 92nd respectively, in the Sunday Times Tech Track 100 league table of the 100 privately owned British technology companies with the fastest-growing sales over the previous three years.[13] [14]

In 2017 Pod Point was awarded the ‘Tech start up of the year’ award at the Evening Standard Business Awards.[15] The other shortlisted nominees were Darktrace, Citymapper and Monzo.[16]

Also in 2017, Pod Point received the ‘Hottest Green Tech Startup of The Year’ award at the Europas Awards.[17]

See also

References

  1. ↑ "Building the UK's electric vehicle infrastructure with Pod Point". Power Technology. Retrieved 9 November 2017.
  2. ↑ "Electric car charger Pod Point launches £1.75m fundraising on Crowdcube". City A.M. Retrieved 9 November 2017.
  3. ↑ "Essential CPD information for the construction industry".
  4. ↑ "Pod Point launches Open Charge".
  5. ↑ "POD Point - Fast Track". Fast Track. Retrieved 2018-05-21.
  6. ↑ Hurley, James (2012-05-15). "POD Point on stand-by for dawn of electric cars". ISSN 0307-1235. Retrieved 2018-05-21.
  7. ↑ "Pod Point". www.seedrs.com. Retrieved 2018-05-22.
  8. ↑ "POD Point rolls out new public charging network for electric vehicles". Business Green. Retrieved 2018-05-21.
  9. ↑ "POD Point Overview | Crowdcube". Crowdcube. Retrieved 2018-05-22.
  10. ↑ "POD Point - Electric Equity 3.0 raising £1,550,000 investment on Crowdcube. Capital At Risk". www.crowdcube.com. Retrieved 2018-05-22.
  11. ↑ "Pod Point launches 150kW rapid EV chargers in UK". www.powerengineeringint.com. Retrieved 2018-05-23.
  12. ↑ "From Hovis to Skanska: Corporate EV roll out gathers pace". Business Green. 2018-03-21. Retrieved 2018-05-23.
  13. ↑ "POD Point - Fast Track". Fast Track. Retrieved 2018-05-21.
  14. ↑ "POD Point - Fast Track". Fast Track. Retrieved 2018-05-21.
  15. ↑ "All the winners at the Evening Standard Business Awards". Evening Standard. Retrieved 2018-05-21.
  16. ↑ "Small firms with big ambitions: London's next superstars". Evening Standard. Retrieved 2018-05-21.
  17. ↑ "The hottest tech startups of 2017 rocked London at The Europas Awards – TechCrunch". techcrunch.com. Retrieved 2018-05-21.
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