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.”