New capital raised

Trojan to roll-out kerbside EV charging points

The Scottish firm has raised funds for its innovative product

Wider adoption of electric vehicles has been given a boost after a northeast Scotland startup received funding to support its innovative on-street charging points.

A consortium of investors has provided £4.1 million to help roll-out Trojan Energy’s accessible kerbside answer to the limited number of charging stations.

The new product aims to help those with no off-street parking, which is a major barrier for electric vehicle uptake, particularly in urban areas. 

Stonehaven-registered Trojan estimates that 10 million people park on the street in the UK and 100 million in Europe.

To date, councils have been reluctant to install on-street charging points due to their cumbersome size and space requirements on pavements.

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However, Trojan’s charging points are flat and flush to the pavement, removing the need to sacrifice pedestrian space. Users simply carry a charging ‘lance’ in their vehicles and plug the lance into the connector point to start charging. 

The funding round comprises £1m investment led by business angel syndicate Equity Gap, profit with purpose investor SIS Ventures, Aberdeen-based investment syndicate Alba Equity and the Scottish Investment Bank.

SIS Ventures will also be helping the four-year-old business to lock in its social mission of democratising the transition to low carbon energy. The equity funding unlocks a further £3.1m from Innovate UK, the UK’s innovation agency.

Trojan aims to install the first 200 units in Brent and Camden Councils by early 2021.

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