Zap-Map, a UK-based electric vehicle (EV) charge point mapping service, has concluded a £9 million Series A funding round.
The round included a further £3.7 million investment from energy company Good Energy and a £5.3 million investment from fuel card and payment provider Fleetcor – bringing Zap-Map’s post money equity value to £26.3 million.
Zap-Map's commercial goals include building on its paid-subscription services and initiating international expansion, and the funds raised will also be used to support the expansion of Zap-Map's development team, the company said.
Richard Bourne, chief executive of Zap-Map, commented: "This fundraising round allows us to accelerate Zap-Map's core mission - making it simple for current and future electric vehicle drivers to plan journeys, search and pay for electric vehicle charging.”
He added: “Good Energy has proven a powerful partner to-date and we are delighted to have a new strategic collaboration with Fleetcor which will supercharge our ambition to accelerate the provision of services to the fleet market and allow us to look ahead and expand internationally."
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