Swiss cash speeds ChargeNet's fast charger rollout

Upgrading EV fast chargers is key to ChargeNet's expansion plans. (Image: Deposit Photos)

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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