FUTURE: BMW i invest in Chargemaster
BMW i are strategically investing in Chargemaster, the UK’s leading provider of electric vehicle (EV) charging infrastructure.
Alongside the investment, the companies will enter a five-year partnership, with Chargemaster providing a range of E-mobility services.
Both parties will carry out joint EV marketing activities and work together to promote the advancement of EVs and E-mobility services.
Thorsten Mattig, Managing Director BMW i Ventures, said: “We see Chargemaster playing an important role in preparing the way for E-mobility.
“This investment and wide ranging cooperation agreement will accelerate our activities as well as boost the synergies with some of our already existing services and investments, such as ParkatmyHouse, where Chargemaster equipment has already been installed.”
The cooperation aims to ensure suitable charging infrastructure is in place for the anticipated proliferation of EVs.
Both parties will work to establish ChargeNow, the public charging network for BMW i owners across the UK.
Chargemaster will also provide charging equipment and sites for the BMW i car sharing service DriveNow.
They will also working with another BMW i partner, ParkatmyHouse.com (PAMH), rolling out further charging points within their estate of more than 30,000 private parking locations.
The cooperation extends Chargemaster’s existing work with PAMH, where they have already been equipping London PAMH driveways with charging points.
David Martell, Chief Executive Offer of Chargemaster, said: “We are delighted to welcome BMW i as investor in Chargemaster.
“In addition, our selection as a partner to cooperate in the provision of charging programmes to assist the rollout of E-mobility services is an endorsement of Chargemaster’s premier position in the market.
“We look forward to working with BMW i in this exciting and fast-growing space as we expand our operations in Europe.”
Image courtesy of NCDOTcommunications, with thanks.