A consortium of Australia’s motoring clubs has acquired electric vehicle (EV) charging network business Chargefox.

Australian Mobility Clubs – which is composed of NRMA (NSW), RACV (Victoria), RACQ (Queensland), RAC (WA), RAA (SA), and RACT (Tasmania) – increased its stake in Chargefox from 40 per cent to 100 per cent through its company Australian Motoring Services.

Chargefox is currently Australia’s largest EV charging network, with more than 900 plugs currently in operation, and plans to increase that number to 5000 by 2026.

“We are proud to play a role in supporting Chargefox’s growth. We share a mutual goal to reduce road transport emissions to zero and support the growing community of EV drivers across the country,” AMS CEO Michael Reed said at the announcement.

“We continue to see a large number of EVs on the road and the number of Australians who are considering purchasing an EV in the future is growing year on year,” he added.

“Combined, we’ll have greater power and opportunity to deliver infrastructure that Australians need to increase the uptake of EVs and therefore reduce road transport emissions.”

The move effectively severs the formal relationship between Chargefox and Jet Charge – one of the country’s largest suppliers of EV charging hardware.

Jet Charge CEO Tim Washington founded Chargefox with Marty Andrews and angel investor Mark Wells in 2017.

“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 said in a written statement.

“I’d like to thank my Chargefox co-founders Marty and Mark on an incredible adventure, and look forward to seeing Chargefox blossom under AMS’ stewardship.”

Extracted in full form: Australian motoring clubs acquire electric Chargefox network – Drive

SHARE THIS ARTICLE: