Swiss cash speeds ChargeNet's fast charger rollout

Ian Llewellyn
Fri, 03 Sep 2021

Swiss cash speeds ChargeNet's fast charger rollout
Upgrading EV fast chargers is key to ChargeNet's expansion plans. (Image: Deposit Photos)
Ian Llewellyn
Fri, 03 Sep 2021
ChargeNet’s capital raising from a Swiss-based company will allow for an estimated $18 million spend on new and upgraded electric vehicle charging stations, while not forcing it to choose sides in New Zealand.The family-owned company's sale of 20% of its shares to Mercuria for an undisclosed sum was all about infrastructure investment, said chief executive Steve West.The company currently runs a network of 270 50kW charging stations.West said when these were set up, they were able to charge the average EV in 20 minutes. Now EVs had bi...

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