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EZ-Charge signs 10-year EV Charging Contract
EZ-Charge, who are currently raising finance via Ethex, have signed a 10-year contract with 4 Oxfordshire District Councils to produce and install hundreds of EV Charging points in car parks as part of the “Park and Charge Oxfordshire” project.
The completing of the contracts is excellent news of EZ-Charge, an Oxfordshire based charge point operator that is dedicated to providing reliable and straightforward EV charging infrastructure, they are born out of parent company Zeta Specialist Lighting who have been working in the automotive & innovation space for over 30 years.Following a successful Pilot site at Bicester’s Cattle Market Car Park, another 19 sites are set to be installed throughout Oxfordshire by March 2022.
This will see up to 250 new EV charging points available to the public, all in car parks with free overnight parking. The main aim of the project is to deliver a viable alternative to Oxfordshire residents who do not have access to off-street parking and therefore cannot install a home charger. This represents up to 40% of residents in Oxfordshire who, with the upcoming ban on conventional fuel vehicles, will need a place to charge up their vehicle. The chargers will also be available to visitors and any other members of the public 24/7 with contactless payment and an app available. The key aims of this project are:
- To develop the Oxfordshire Park & Charge project in local authority car parks, facilitating over 2,800 EVs from year 1 and to expand the offer to other Local Authorities.
- To accelerate the adoption of EVs by providing high-quality, convenient charging infrastructure.
- To share the expertise and technology, supplying innovative EV charging solutions to meet the rapid growth of the EV market.
- Continue to develop state of the art charging technology, creating jobs and economic benefits for Oxfordshire.
Phil Shadbolt OBE, Chairman and CEO, EZ-Charge
“Finding innovative ways of improving the EV infrastructure by making it more reliable and easier to use for the general public is going to be a key challenge to enable the growth of EVs in the UK. We believe that our project, in partnership with four Oxfordshire Councils and Oxford University, could prove to be transformational as Local Authorities strive to enable their EV infrastructure strategies for the rest of the UK.”
“Finding innovative ways of improving the EV infrastructure by making it more reliable and easier to use for the general public is going to be a key challenge to enable the growth of EVs in the UK. We believe that our project, in partnership with four Oxfordshire Councils and Oxford University, could prove to be transformational as Local Authorities strive to enable their EV infrastructure strategies for the rest of the UK.”
EZ-Charge is currently raising finance through Ethex to raise £1,200,000 to install and operate 280 electric vehicle (EV) charging points in public car parks across Oxfordshire. The 10-year bond offer is targeting a 6% return and investments are IFISA eligible, for potential tax-free returns.
Lisa Ashford, CEO of Ethex says:
"The fact that EZ-Charge have now signed the contracts with 4 Oxfordshire Councils to produce and install hundreds of public EV charge points is great news on a number of levels. It will enable more people in the county to choose more sustainable transport as EV Charging will be more readily available to them and it will help Oxfordshire achieve its net-zero goals. It's also great news for their investment raise on Ethex as this will give more positive investors the confidence to invest in the future of this groundbreaking organisation."
Please note that investing in the offers available on the Ethex platform puts your capital at risk and returns are not guaranteed.
Read the full risk warning on https://www.ethex.org.uk/risk before deciding to invest.
Lisa Ashford, CEO of Ethex says:
"The fact that EZ-Charge have now signed the contracts with 4 Oxfordshire Councils to produce and install hundreds of public EV charge points is great news on a number of levels. It will enable more people in the county to choose more sustainable transport as EV Charging will be more readily available to them and it will help Oxfordshire achieve its net-zero goals. It's also great news for their investment raise on Ethex as this will give more positive investors the confidence to invest in the future of this groundbreaking organisation."
Please note that investing in the offers available on the Ethex platform puts your capital at risk and returns are not guaranteed.
Read the full risk warning on https://www.ethex.org.uk/risk before deciding to invest.
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