Boost for smart charger firm

A New Zealand electric vehicle (EV) smart charger manufacturer is preparing to expand across Australia and accelerate its product innovation after receiving a financial boost from across the ditch.

The Christchurch-based company has secured funding from Australian private equity firm, Adamantem Capital’s Environmental Opportunities Fund, which partners with high-growth organisations that aim to deliver positive environmental impacts.

Ed Harvey, pictured, Evnex founder and chief executive officer, says the investment, the amount of which has not been disclosed, will support the company’s growth as sales for EVs increase.

“This investment will allow us to expand our footprint across Australia, increase manufacturing efficiencies, and drive innovation through new product development,” he adds.

“We’re marking a decade in business this year and we’re really proud of the reputation we’ve built as we grow New Zealand’s standing as a leading developer of smart charging technology.

“Our mission is to deliver the world’s best home EV charging experience, with the lightest impact on Earth and we’re now in a stronger position to do exactly that.”

Evnex has installed more than 6,000 home and business chargers across New Zealand and Australia, and forecasts it will sell an additional 7,000 units over the next year. 

The company is the preferred charging partner in New Zealand for brands such as Volkswagen, Volvo, Skoda, Cupra, Subaru and LDV. It also has a partnership with Polestar and Z Energy.

Rajiv Viswanathan, Adamantem Capital managing director, says: “We are delighted to be partnering with Ed Harvey and the Evnex team to support the rapid adoption of electric vehicles through cutting-edge smart charging solutions.”