Australian private markets fund manager Pacific Equity Partners (PEP) has a $250 million stake in Australian EV charging hardware and software provider EVSE.
PEP says the deal will give it a majority shareholding in EVSE with plans to invest significant capital to expand its presence in the EV charging market across Australia and New Zealand.
The PEP backed smart metering and energy technology provider Intellihub will now work closely with EVSE to provide field support and help leverage opportunities for it to grow and better manage EV charging as a behind the meter consumer energy device.
EVSE has an end-to-end solution that bundles hardware, software and installation services via the Exploren platform and is established in Australia’s EV charging hardware market across residential, fleet and EV manufacturers segments.
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