bp supports EV charging development via €7.5 m investment
Published on: Jun 28, 2023
The mobility company has risen as the biggest investor of Germany-based Service4Charger’s latest funding round.
bp ventures has invested €7.5 million in Service4Charger GmbH, a Berlin-based provider for electric vehicles (EVs) charging infrastructure services. The mobility company is leading the supplier’s €10 million Series A funding round through this investment.
Service4Charger's in-house trained and digitally equipped electrical engineers, “Mobile Heroes”, focus on the installation and maintenance of charging stations for EVs throughout Germany. The firm has grown to a team of over 85 employees and is already represented in 25 cities.
Germany, where bp's e-mobility business operates under the Aral pulse brand, is a central pillar of bp's EV offering, with around 1,500 ultrafast charging points across the country.
“As bp pulse rolls out EV charging it is essential that we have the right skill sets and expertise to make charging installations an efficient process and to service our growing network of EV charge points. The investment into Service4Charger brings bp a collaboration that can enable rapid and reliable installation and servicing of EV charge points in Germany,” said Gareth Burns, Vice president at bp ventures.
Aral pulse and Service4Charger intend to jointly offer Aral customers the planning and installation, operation and maintenance of charging point infrastructure.
EV charging is one of bp's transition growth engines as the company currently offers 22,000 EV charging points and aims to have more than 100,000 worldwide by 2030.
