Bristol's Zap-Map has secured a further £1 million as EV mapping service ties in with Fleetcor
Chippenham-based Good Energy Group the renewable electricity supplier and energy services provider, has made a further £1 million investment into Zap-Map's parent company Next Green Car Ltd. Zap-Map is the UK's leading electric vehicle mapping service and the investment will fund the next stage of growth and scale commercial opportunities.
Following the release of the EV payment service Zap-Pay, Zap-Map continued to have significant growth in registered users and the funding will be used to help it to grow further.
Zap-Map has also announced that it 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 an alternative such as electric, hydrogen or hybrid, on one payment card. Allstar has already partnered with nine leading EV charging providers, including Chargepoint services, ESB Energy, Engenie, and Source London, to create the one of the largest multi-branded EV fuel networks in the UK. It now provides fleet operators and drivers with access to more than 4,277 charging points across 1,700 locations throughout the UK. Allstar is continually working to grow its electric charging network, easing access to charging points and lowering range anxiety.
Zap-Map currently has more than 95 per cent of the UK's public charging points on its network, with live dynamic data for more than 70 per cent of the UK EV charging network and is the number one app used by EV drivers to locate chargers. More than 75 o per centf the UK EV drivers have downloaded Zap-Map, which have grown more than 60 per cent in 2020 in line with the UK EV market.
Juliet Davenport, Founder and Chief Executive Officer of Good Energy and Chair of Zap-Map, said: "This investment in Zap-Map will allow them to accelerate their 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 for Zap.
The 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".
