Evios, owner of premium home charge point provider Andersen EV, has secured £4m in a latest round of funding to drive growth plans.

The investment renews the partnership between Beringea and David Martell, founder and CEO of Evios

The Series A funding round was led by Beringea, a transatlantic venture capital firm, and brings total investment in Evios to £10m.

The latest funding will be used to further accelerate the growth of Andersen EV, expand production and bring to market the next generation of products focusing on the premium sector of the charging market.

Evios launched in 2022 to provide the UK’s EV drivers with seamless home charging, swiftly followed by its acquisition in October 2022 of Andersen EV, which is a recommended installer for Porsche and a preferred supplier for Jaguar Land Rover in the UK.

The new investment renews the partnership between Beringea and David Martell, founder and CEO of Evios, following their previous work to scale Chargemaster, a leading provider of electric vehicle charging infrastructure that was acquired by BP in 2018.

Following initial funding in 2014, Beringea worked alongside David Martell to spearhead the development of Chargemaster’s nationwide charging infrastructure and establish the business as a profitable market leader.

Prior to establishing Chargemaster and Evios, David Martell scaled Trafficmaster, a traffic sensing and navigation company, from foundation to its £500m listing on the London Stock Exchange.

Martell commented: “I am delighted to be working again with Malcolm and the rest of the team at Beringea. The EV market is growing rapidly, and we see significant commercial opportunities over the next decade. The products we have developed are at the premium end of the market, and we are excited about continuing to offer a complete high-level product and service offering for the discerning EV customer as the market grows over the coming years.”