EO Charging Targets Fleets — A Strategy That Will Help It Go Public

  • Date: 02-Jan-2022
  • Source: Forbes
  • Sector:Economy
  • Country:Gulf
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EO Charging Targets Fleets — A Strategy That Will Help It Go Public

Fleet of vans charging at ports developed by EO Charging When Charlie Jardine started EO Charging in 2015, the Brit wanted to be central to the next big wave — the shift from the internal combustion engine to the electric vehicle. And the 2019 Forbes 30-under-30 entrepreneur chose to create a business that could help steer the way into this futuristic world. In the early days, the company that makes charging stations and the software that runs them got started in a pig shed. After laboring for a year to build something marketable, Jardine went door-to-door to sell the chargers to electricians because they knew how to install them at people's homes — a cold start but one that warmed up quickly. Fast forward to 2022: EO Charging will have sold 60, 000 chargers worldwide. It also expects to get listed on the NASDAQ NDAQ in the first quarter and to increase its full-time staff from 160 to 400 during the year. EO Charging's business model targets fleets. And it doesn't just make the chargers and develop the brains behind them. It also services them. Companies like Amazon, DHL, Uber UBER , and Tesco have contracts with the London-based EV