Chargebox fundraising succeeds
Published: 09 February, 2016
ChargeBox successfully raises £500,000 through Crowdcube
Mobile charger provider ChargeBox has reached its £500,000 target on the Crowdcube equity crowdfunding platform with backing from both professional and private investors. The fundraising means ChargeBox is now well positioned to deliver on its mission of bringing free charging everywhere.
ChargeBox’s first priority for investment is staff, with significant expansion in the sales, engineering/operations and technology teams. Rob Scali and Sarah Dyer have recently joined as chief financial officer and UK operations manager respectively.
ChargeBox will also use the investment raised to step up its marketing and R&D activities. ChargeBox is already the world’s leading supplier of free secure public charging services - from being the first to deliver such a service back in 2006, to being the first to charge more than 5 million devices a year. The company has built over 2,000 units, and exported more than 1,000 of those to over 33 countries worldwide. ChargeBox units are now installed in shopping centres, airports, universities and conference centres all around the world, with new markets and territories constantly being developed.
CEO Ian Hobson said: “It’s been a tremendous journey, crowdfunding has enabled us to raise the funds we need to grow our business and deliver on our mission of bringing free charging everywhere. We are excited to be expanding our business for the benefit of the UK economy and the benefit of every smartphone user who needs our services.”
Having reached the crowdfunding target, the first action of ChargeBox will be to install one of its mobile charging stations at the Birmingham Children Hospital, to provide free and easy to use charging to young patients and their visiting families.