Singapore EV charging firm secures funding to grow network across SEA

(From left) Trive managing partner Christopher Quek, Charge+ chairman Ong Tze Boon, and Charge+ CEO Goh Chee Kiong / Photo credit: Charge+

Singapore recently said it aims to deploy 60,000 electric vehicle charging points across the country by 2030 to help boost adoption.

While the city-state is just ramping up its efforts – it has around 3,600 charging points as of this year – startups can play an important role in this initiative.

One such startup is Charge+. The company has an ongoing contract with the Singapore Land Transport Authority to supply about 4,000 EV charging points in the carparks of housing estates.

It recently raised an undisclosed amount of series A funding to speed up the growth of its charging infrastructure in Singapore as well as in other Southeast Asian countries.

Funding details

• Funding amount: Undisclosed
• Lead investor: Trive Ventures
• Stage: Series A
• Source

Since its establishment in 2018, Charge+ has deployed over 1,000 EV charging points across Singapore. These can be found in public housing, condominiums, shopping malls, commercial buildings, and industrial facilities.

The company said it aims to install 30,000 EV charging points worldwide by 2030.

Charge+ also plans to build a 5,000-kilometer EV charging highway across five Southeast Asian markets: Singapore, Thailand, Cambodia, Malaysia, and Vietnam. Besides these countries, the company also has a presence in Indonesia.

See also: Vingroup founder’s EV play revs up Vietnam’s ride-hailing race

More details