Pod Point
{{short description|Electric vehicle charging provider}}
{{Infobox company
| name = Pod Point Group Holdings PLC
| logo = Pod Ev Charging Logo.png
| type = Public limited company
| location = London, United Kingdom
| industry = Electric vehicles
| products = Electric vehicle charging infrastructure
| revenue = {{Decrease}} {{GBP|52.91 million|long=no|link=yes}} (2024){{Cite web |title=Pod Point Group Holdings PLC Final results FY2024 |url=https://investors.pod-point.com/2024-preliminary-financial-statements |access-date=2025-06-12 |language=en}}
| operating_income = {{decrease}} -£85.09 million (2024)
| net_income = {{decrease}} -£84.71 million (2024)
| assets = {{decrease}} £55.76 million (2024)
| equity = {{decrease}} £17.60 million (2024)
| num_employees =
| homepage = [https://pod-point.com/ www.pod-point.com]
| foundation = 2009
}}
File:An electric car being charged by a Pod Point Solo 3S.jpg
File:Pod Point Universal Solo 3S.png
Pod Point Group Holdings plc, trading as Pod Point, is a British electric vehicle charging stations company.{{cite web|title=Building the UK's electric vehicle infrastructure with Pod Point|url=http://www.power-technology.com/features/featurebuilding-the-uks-electric-vehicle-infrastructure-with-pod-point-5742813/|website=Power Technology|date=12 March 2017 |access-date=9 November 2017}}{{cite web|title=Electric car charger Pod Point launches £1.75m fundraising on Crowdcube|url=http://www.cityam.com/228324/electric-car-charger-pod-point-launches-175m-fundraising-on-crowdcube|website=City A.M.|date=9 November 2015 |access-date=9 November 2017}}As of 2025, the company operates the third largest public charging network in the UK.{{cite web |title=EV charging statistics 2025 |url=https://www.zap-map.com/ev-stats/how-many-charging-points |website=ZapMap}}
History
Pod Point was founded in 2009 by Erik Fairbairn and Peter Hiscocks having previously worked together to found and sell the supercar club Ecurie25.{{Cite news|url=https://www.telegraph.co.uk/finance/businessclub/9265317/POD-Point-on-stand-by-for-dawn-of-electric-cars.html|title=POD Point on stand-by for dawn of electric cars|last=Hurley|first=James|journal=Daily Telegraph|date=2012-05-15|access-date=2018-05-21|language=en-GB|issn=0307-1235}}{{Cite news|url=http://www.fasttrack.co.uk/company_profile/pod-point-3/|title=POD Point - Fast Track|work=Fast Track|access-date=2018-05-21|language=en-GB}}
In 2018, the company installed 600 charging stations following joint venture between Tesco and Volkswagen in the UK.{{Cite news |date=2018-11-29 |title=VW, Tesco in Pact on Ambitious U.K. E-Car Charging Rollout |url=https://www.bloomberg.com/news/articles/2018-11-29/vw-tesco-in-pact-on-ambitious-u-k-e-car-charging-rollout |access-date=2022-05-15 |work=Bloomberg.com |language=en}}
In 2018, Pod Point launched its Electric Schools initiative.{{Cite web |title=Schools offered free EV charge point for clean air campaign |url=https://airqualitynews.com/2019/10/03/schools-offered-free-ev-charge-point-for-clean-air-campaign/ |access-date=2021-07-07 |website=airqualitynews.com |language=en}}
On 9 November 2021, Pod Point floated on the London Stock Exchange at a £352 million valuation.{{Cite web |title=London Stock Exchange welcomes Pod Point to the Main Market |url=https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-pod-point-main-market}}
In 2022, it was announced EDF Energy had bought a 53 percent stake in the company through a joint venture with Legal and General Capital.{{Cite web|title=EDF Energy acquires EV charging company Pod Point|url=https://www.am-online.com/news/latest-news/2020/02/17/edf-energy-acquires-ev-charging-company-pod-point|access-date=2020-10-06|website=www.am-online.com|language=en}}
In June 2022, Pod Point and BMW Group UK signed a three-year deal, which added Pod Point as a preferred EV home charge point supplier for BMW
In July 2023, Pod Point appointed Andy Palmer as its interim chief executive.{{Cite web |date=2023-07-07 |title=Andy Palmer takes over as interim CEO at struggling Pod Point |url=https://cardealermagazine.co.uk/publish/andy-palmer-takes-over-as-interim-ceo-at-struggling-pod-point/286562 |access-date=2024-03-25 |website=Car Dealer Magazine |language=en}} It was announced Melanie Lane would take over from Palmer in May 2024.{{Cite web |title=Pod Point trades in line with FY expectations |url=https://www.sharecast.com/news/small-caps-news/pod-point-trades-in-line-with-fy-expectations--16245474.html |access-date=2024-03-25 |website=Sharecast |language=en}}
On 12 June 2025, Pod Point announced they had accepted an offer to sell the company to majority shareholder EDF Energy at a £10.6 million valuation, £341.4 million less than its initial public offering in 2021.{{Cite news |title=EDF to buy London-listed EV charging company Pod Point for £10mn |url=https://www.ft.com/content/9f591ceb-c2df-4920-826a-d7f4a10b5abd |journal=FT}}{{Cite web |last=Cahill |first=Helen |date=2025-06-12 |title=EV charger company Pod Point bought by EDF for £10m |url=https://www.thetimes.com/business-money/technology/article/ev-charger-company-pod-point-bought-by-edf-for-10m-xttbsd5q2 |access-date=2025-06-13 |website=www.thetimes.com |language=en}}
See also
References
{{Reflist}}
External links
- {{Official website|https://pod-point.com/}}
- [https://www.cef.co.uk/catalogue/categories/renewables-ev-charging EV Chargers]
Category:British companies established in 2009