BMW i Ventures has announced a strategic investment into Chargemaster Plc

BMW i Ventures has announced a strategic investment into Chargemaster Plc

BMW i Ventures has announced a strategic investment into Chargemaster Plc, the UK’s leading provider of electric vehicle charging infrastructure. In addition to this investment, Chargemaster and BMW i have entered into a wide ranging cooperation agreement whereby Chargemaster will provide a range of E-mobility services.  Both parties will carry out joint electric vehicle (EV) marketing activities and will work together to promote the advancement of EVs and E-mobility services.

This move is likely to help BMW i enhance their hotly anticipated BMWi3 unveiling which AutoVolt Magazine is covering on Monday 29th July 2013 here.

The range of E-mobility services could well include the i Wallbox charger which is an optional part of the package with every BMW i3 bought.

Both companies will work to establish ChargeNow, the public charging network for BMW i owners across the UK and Chargemaster will also provide charging equipment and sites for the BMW i car sharing service DriveNow.

Under the Agreement, the two parties will be carrying out joint EV marketing activities to promote the practical advancement of electric cars and E-mobility services.

Commenting on the BMW i Ventures investment and cooperation agreement, David Martell, Chief Executive Officer of Chargemaster said,

“We are delighted to welcome BMW i as investor in Chargemaster.  In addition, our selection as a partner to cooperate in the provision of charging programmes to assist the rollout of E-mobility services is an endorsement of Chargemaster’s premier position in the market.  We look forward to working with BMW i in this exciting and fast-growing space as we expand our operations in Europe.”

Watch the BMW i3 LIVE Launch

Source; BMW

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