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Evios Boosts Andersen EV with £4M Investment

Evios, a front-runner in at-home EV charging solutions, clinches £4 million in Series A funding
February 20, 2024

In the fast-paced world of electric vehicles (EVs), infrastructure is key to powering the transition towards sustainable transportation. Evios, the brains behind innovative EV-charging-at-home solutions, has made significant strides by securing £4 million in a Series A funding round. This infusion of capital is set to fuel the expansion and growth of Andersen EV, a company acquired by Evios in October 2022. Let's delve into the implications of this investment and Evios' strategic moves in the EV charging space.

While hopping into an EV might seem as simple as any other mode of transportation, the underlying infrastructure is monumental. Beyond the manufacturers and cutting-edge technology, the EV charging sector is a hotbed of innovation, especially in providing convenient and reliable charging solutions, both on-the-go and at home.

Launched in 2022, Evios represents the at-home focus of David Martell, a serial entrepreneur and the founder and CEO of the company, known for his expertise in the EV charging domain. With a track record marked by notable successes in the industry, including the acquisition of Elektromotive by Chargemaster, Evios is positioned as a frontrunner in shaping the future of EV charging infrastructure.

Evios' acquisition of Andersen EV in late October 2022 marked a strategic move towards consolidating its position in the at-home EV charging market. This acquisition not only granted Evios access to Andersen EV's intellectual property but also garnered prestigious endorsements, including a "recommended installer" badge from Porsche GB and a partnership agreement with Jaguar Land Rover. Since taking the helm of Andersen EV, Evios has witnessed a remarkable 104% increase in sales figures, indicating a promising trajectory for growth and expansion.

With the backing of £4 million in Series A funding and a strategic vision for expansion, Evios is poised to revolutionize the EV charging landscape. As the UK and global EV markets continue to soar, Evios' commitment to delivering innovative and reliable charging solutions underscores its pivotal role in driving the adoption of electric vehicles and advancing the transition towards sustainable mobility.

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