• Swindon & Wiltshire M&A, deals
• Monday February 3 2025
• Author Name: Peter Davison

Good Energy invests further £1.85 million in Zapmap

Chippenham-based renewable energy supplier Good Energy has boosted its investment in EV charging app Zapmap by another £1.85 million.

The firm, which last week agreed a £100 million takeover by Dubai-headquartered Esyasoft, currently holds a 49.9 per cent stake in the business.

The new strategic investment comes through an extension of its existing secured convertible loan note.

Good Energy has provided funding totalling approximately £9.35 million to Zapmap since its initial investment in 2019. Its latest investment has been funded from its existing cash reserves.

Bristol-based Zapmap is an online platform which provides drivers with a UK-wide map of electric car charging points and the ability to pay for charging.

It has 850,000 registered users and its app has been downloaded 1.5 million times.

Latest: UK now has 75,000 public charge points for EVs, data shows