UK – Indra, a Great Malvern, UK-based company providing charging solutions for electric vehicles, raised over £20M in Series B funding.
The round was led by Gulf Oil International Limited.The company intends to use the funds to expand the development of its technology in the bidirectional electric vehicle (EV) charging space, grow its customer base, increase revenue stream in UK and international markets and accelerate the development of its home EV charging hardware and technology platform.Led by CEO Adrian Moores, and CTO Mike Schooling, Indra provides bidirectional EV charging technology designed to help EV drivers save money and the planet by accessing low-carbon renewable energy to charge their EV batteries, and then use any surplus energy stored in their vehicle to power their home or sell back to the grid. Indra is providing a full-service home charging solution for Mobilize Power Solutions, part of the Renault Group, and for ElectriX, the new one-stop shop for EV ownership from LV= General Insurance. The company also has a partnership in place to supply the Smart PRO to Plug Me In, a leading nationwide expert in EV infrastructure and installation services.09/03/2023
