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30.10.2018 10:20- BP has entered into an agreement to buy Chargemaster – the operator of the UK’s largest electric vehicle charging network and the leading supplier of EV charging infrastructure
© BP
BP has announced today in a press release that is set to buy the UK’s largest EV charging company, Chargemaster, which operates over 6,500 charging points across the UK.
On completion of the deal, the company will be renamed BP Chargemaster, combining Chargemaster’s extensive EV charging network with BP’s 1,200 service stations, in a move that will widen access to electric vehicle charging in the UK.
Under its new name, BP Chargemaster will rollout ultra-fast charging infrastructure, including 150 kW chargers capable of delivering 100 miles of range in just 10 minutes.
BP’s UK customers can expect to see BP Chargemaster chargers appearing over the next 12 months.
Downstream chief executive Tufan Erginbilgic said: “At BP we believe that fast and convenient charging is critical to support the successful adoption of electric vehicles."
“Combining BP’s and Chargemaster’s complementary expertise, experience and assets is an important step towards offering fast and ultra-fast charging at BP sites across the UK and to BP becoming the leading provider of energy to low carbon vehicles, on the road or at home,” he said.
Founded in 2008, Chargemaster is involved in the development of EV charging points from design and build to sales and operation and runs POLAR, the largest public charging network in the UK used by 40,000 customers.
Chief executive of Chargemaster David Martell, said “The acquisition of Chargemaster by BP marks a true milestone in the move towards low carbon motoring in the UK."
“I am truly excited to lead the Chargemaster team into a new era backed by the strength and scale of BP, which will help us maintain our market-leading position and grow the national POLAR charging network to support the large range of exciting new electric vehicles that are coming to market in the next couple of years.”
The acquisition comes togehter with growing number of investments by BP in electric vehicle technology and infrastructure and builds on plans to extend the range of fuels on offer for its customers changing needs.
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