Applegreen Electric is a subsidiary of the Applegreen Group, focusing on the deployment of electric vehicle charging infrastructure along key highway corridors. Providing over 1 million charging sessions annually, the company has seen rapid growth since entering the EV charging market in 2014. With an extensive network across the United Kingdom and Ireland, Applegreen Electric estimates that 60 percent of on-highway charging occurs at its sites. As a part of the larger Applegreen brand, the company operates approximately 630 sites across the United States, Ireland, and the United Kingdom, employing over 15,000 employees globally. In 2021, Applegreen Electric received a $1.20 million grant investment from PennDOT, solidifying its position for further expansion. The company's focus spans from designing, developing, hosting, maintaining, operating, and owning electric vehicle charging stations on its sites to managing its own charging network, data collection, and analysis. Although it doesn't manufacture EV supply equipment, Applegreen Electric holds relationships with multiple leading DC fast charging hardware suppliers. With an eye towards the future, the company is actively considering expanding its reach across the United States, particularly focusing on opportunities surrounding the E-470 Beltway near Denver.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $1.20M | 1 | PennDOT | 15 Aug 2023 |
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