Image credits: Trojan Energy
Stonehaven, Scotland-based Trojan Energy, an electric vehicle charging firm, announced on Tuesday that it has secured £9M (approximately €10.4M) from the Scottish National Investment Bank.
The Bank, which is Scotland’s first development investment bank, is an impact investor with a net zero mission that aligns closely with Trojan’s.
The announcement comes over a year after the company raised £2.2M (approximately €2.5M) from Equity Gap, Scottish Enterprise, SIS Ventures, and others.
The company will use the funds to improve its technology and applications by manufacturing volume, rolling out charge points in more areas, and growing its team.
The company aims to be the de facto on-street charging solution for EVs in the UK by the end of 2023.
Trojan Energy: What you need to know
Founded in 2016 by former oil and gas executives Ian Mackenzie, Hugh Mackenzie, Sandy Thom, and Ashley Thomson, Trojan Energy is a clean energy company developing a technology to power on-street charging points for electric vehicles.
Trojan Energy’s vision is to make EV charging available to everyone, ensuring a fair price and convenient charging infrastructure.
The company has developed a system of flat-and-flush charge points that leave the streetscape uncluttered, while allowing drivers to charge EVs at the kerbside.
Customers can use a lance to connect their vehicle to the charging point at the roadside. These points are linked via underground cables to cabinets, located discreetly up to 100m away, which send power to 15 charging units at any one time.
The company has also developed a DEICER system within the project. As a result, EV drivers can obtain real-time chargepoint availability updates via their mobile phone, app, or text.
Last year, the company launched its charging points on the streets of London and installed 150 charging points across Brent and Camden as part of a large-scale trial.
“These charging points are experiencing high utilisation with excellent feedback from users,” says the company.
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