The sale of Chargefox and investment by Kilara ensures Jet Charge will continue its role in helping Australia and New Zealand transition to low emissions vehicles, says Jet Charge.
Jet Charge sold its stake in Australia’s largest EV charging network Chargefox to the Australian Mobility Clubs (NRMA, RACV, RACQ, RAC, RAA and RACT) through their wholly owned company Australian Motoring Services (AMS).
Jet Charge chief executive Tim Washington co-founded Chargefox with Marty Andrews and Mark Wells (formerly Cogent) in 2017.
Recognising a step change in Australasia’s EV adoption rate, Jet Charge also welcomes the sustainability focused Kilara Growth Fund to its investors, closing out its Series B fundraise of $30 million.
“Just as our country must accelerate the adoption of EVs to have any hope of hitting our net zero targets, so must Jet Charge go on its own sustainability journey and demonstrate to our customers that we walk the talk. Kilara Capital will guide us on this road,” Washington says.
With the sale of Chargefox, and the close outs of its Series B, Jet Charge is now one of the largest independent EV charging infrastructure specialists in Australia and New Zealand, employing more than 110 people and scaling rapidly.
“We’ve always been on a mission to accelerate the uptake of low emissions vehicles by breaking down the barriers to EV charging and I feel like with these two milestones we’re onto the next phase of that mission,” Washington adds.
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