The EDF Group acquires Pod Point, one of the largest electric vehicle (EV) charging companies in Great-Britain
Founded in 2009 by CEO and founder Erik Fairbairn and chairman Peter Hiscocks, Pod Point is a leading provider of charging infrastructure for EVs and operates 62,000 charging points in the UK and a further 6,600 in Norway. It offers charging solutions at home, at work and at destination and has developed an extensive public network connecting EV drivers with almost 3,000 charging bays across the UK, including at Tesco and Lidl shops, Center Parcs and a number of sites across Legal & General’s extensive property portfolio.
This acquisition of Pod Point is EDF Group’s largest investment in the EV market and forms part of its plan to become the leading energy company for electric mobility in France, the UK, Italy and Belgium.
The operation is performed through a joint venture with Legal & General Capital (“Legal & General”) which will take a stake of around 23% in Pod Point alongside EDF.