INTIEAAustralia · Australia's CEFC investment in Electric Vehicle smart charging infrastructurePolicyIn force

Australia's CEFC investment in Electric Vehicle smart charging infrastructure

JET Charge, Australia’s leading specialist in electric vehicle (EV) charging infrastructure, has had a successful close of its Series A capital raise, which included a $3.5 million investment from the Clean Energy Finance Corporation (CEFC).    The $3.5 million CEFC equity…

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Country / jurisdiction: Australia · Year: 2020 · Status: In force · Level: National · Type: Voluntary

JET Charge, Australia’s leading specialist in electric vehicle (EV) charging infrastructure, has had a successful close of its Series A capital raise, which included a $3.5 million investment from the Clean Energy Finance Corporation (CEFC).

The $3.5 million CEFC equity investment, through the Clean Energy Innovation Fund, is part of the company’s latest capital raising round, of $4.5 million, which also drew co-investment from industry executives and private investors.

The fundraise will support JET Charge in the deployment of smart charging hardware under a services-based model, to help drive down the cost of smart and connected EV charging stations and make them more user friendly for drivers.

Official source: https://www.cefc.com.au/media/media-release/jet-charge-and-cefc-pave-the-way-to-cheaper-charging-for-electric-vehicles/

Source

https://www.iea.org/policies/12481

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