Pod Point acquired by EDF Energy

Pod Point acquired by EDF Energy

20th February 2020 by Tessa Bryant

Last week, we were able to update Pod Point’s Seedrs investors with some fantastic news. One of our early portfolio companies has been acquired by industry giant EDF Energy!

This marks Seedrs’ 10th primary exit, following success stories like Wealthify, which exited its Seedrs investors to Aviva, Stamplay which was acquired by Apple and FreeAgent which listed on AIM and went onto be acquired by RBS.

Seedrs Chief Investment Officer, Kirsty Grant: “We’re delighted for Erik and the Pod Point team. They’ve had a fantastic growth journey to date and it’s brilliant for Seedrs investors who backed them in their first ever crowdfund back in 2014 to now realise a return on their investment.”

Pod Point raised £1.46 million in 2014 from over 380 investors. At the time, it marked one of our biggest rounds to date, and we’re excited that their earliest crowd investors are able to share so positively in their success 6 years on.

Erik Fairbairn, CEO at Pod Point, said: “The acquisition of Pod Point by EDF is the start of the next phase in Pod Point’s mission to make travel not damage the earth. We’ve already achieved a massive amount getting the UK to adopt electric vehicles, and none of that would have been possible without the support of the Seedrs investors. The crowd provided support to Pod Point when the future of the electric vehicle was way less certain than it is today, and I’m delighted that they will benefit from this transaction.”

With increasing pressure from European Governments on the use of petrol and diesel vehicles, Pod Point’s mission to bring EVs to the masses is more important than ever. They now have over 62,000 charging points across the UK and 6,600 in Norway.

Congratulations to the Pod Point team and the Seedrs investors!

Tessa Bryant

Tessa Bryant

PR Manager

Digital Agency Kent