Today Good Energy plc, the majority shareholder in Zap-Map, announced that it intends to participate in Zap-Map’s forthcoming Series A investment round.
Good Energy Group PLC, the 100% renewable electricity supplier and innovative energy services provider, today announced a clear strategic direction to capitalise on a rapidly growing market in decentralised, digitised clean energy and transport services based on 100% ‘real’ renewable power.
As part of this strategy, Good Energy announced plans to sell its renewable asset portfolio as part of an ongoing shift from a renewable energy utility to an energy services provider.
Good Energy said it intends to use a portion of the proceeds to invest in the high growth electric vehicle market and participate in the funding round being undertaken by Zap-Map. The anticipated size of the funding round is £7m.
“This is really positive news. Good Energy’s planned investment as part of our Series A fund raise will allow Zap-Map to embark on the next phase of our commercial and development goals,” said Zap-Map Chief Executive Richard Bourne.
“We plan to crystallise our leading position for our services in the UK and initiate international expansion to selected territories.”
Any parties interested in finding out more about Zap-Map’s investment round should email investment@zap-map.com.
Full details of the Good Energy announcement can be found here.
