EV firm sets sights on NZ after $271m injection

Small commercial player looks to residential expansion. (Image: EVSE)

Mon, 18 Dec 2023

Australian electric vehicle network provider EVSE says an A$250 million (NZ$271m) private equity injection will be a catalyst to expand into the New Zealand market. Pacific Equity Partners (PEP), which has A$8 billion in assets under management, announced it had taken a majority stake in the EV infrastructure provider on Monday.PEP managing director Cameron Blanks said the "strategic partnership" would bundle EVSE services with its Intellihub smart metering firm, and "grow at scale". The firm was installing about 4...

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