Good Energy Group PLC EV charging pioneer Zapmap expands into Europe

TIDMGOOD

Good Energy Group PLC

13 December 2023

REACH

13 December 2023

Good Energy Group PLC

("Good Energy" or the "Company")

EV charging pioneer Zapmap expands into Europe

Good Energy (AIM: GOOD) investment Zapmap, the UK's leading electric vehicle charge point mapping service, has expanded its market presence by launching charge point mapping in mainland Europe.

Electric car drivers travelling to Europe can now use Zapmap's app and desktop map to search and filter for certain charge points in France, Germany, Belgium, the Netherlands and Luxembourg to help UK drivers charge their electric vehicles quickly and easily while travelling.

These charge points have a power rating of 60kW or more, offering a variety of payment options. Zapmap will offer displays at 15,000 charging locations in mainland Europe - marking a 50% increase in its overall number of charging locations for its 700,000 customers.

The announcement marks a key milestone in the Zapmap plan and forms part of its ambitious growth strategy to help serve close to 20% of Zapmap users that travel abroad, with the past year seeing a 28% increase in people travelling to Europe in their EV. Zapmap already offers its services to over 95% of the UK's public points on its network, more than 70% of which show live availability data. In 2023 Zapmap has recorded an increase of more than 50% in registered users.

The coming months will also see Zapmap open up additional features such as EV route planning and charging payments for drivers in France, Germany and Benelux, in line with its comprehensive offering for drivers in the UK and Ireland. The company also has plans to add charge points and more charging networks in further European countries, such as Spain, Switzerland, Austria and Italy in 2024. This is in line with Zapmap's expansion plans as outlined during its Series A fundraising in September 2022.

Nigel Pocklington, CEO of Good Energy and Chair of Zapmap, said: "Zapmap has made significant progress over the last year as it continues to broaden and deepen its market presence in the UK and now across Europe. It continues to track with the rapidly growing electric vehicle market, which has expanded by 40% in the UK last year with the share of electric vehicles new car registrations increasing in almost all EU countries.

"Today's announcement demonstrates our commitment to addressing the increasing demand for more accessible electric vehicle charging. It also reinforces Good Energy's goal of becoming a one-stop company for all clean energy services, delivering on our objective to support one million homes and businesses cut carbon from their energy and transport use by 2025."

Enquiries

 
 Good Energy Group PLC                      Email: [e-mail] 
  Nigel Pocklington, Chief Executive 
  Charlie Parry, Director of Corporate 
  Strategy & Investor Relations 
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   Investec Bank plc (Nominated Adviser       Tel: [phone] 
   and Joint Broker) 
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About Good Energy www.goodenergy.co.uk

Good Energy is a supplier of 100% renewable power and an innovator in energy services. It has long term power purchase agreements with a community of 1,700 independent UK generators.

Since it was founded over 20 years ago, the Company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to power a cleaner, greener world and make it simple to generate, share, store, use and travel by clean power. Its ambition is to support one million homes and businesses to cut carbon from their energy and transport used by 2025.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as the only energy supplier with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.

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December 13, 2023 02:00 ET (07:00 GMT)