Good Energy’s Strategic Investment in Zapmap Revealed

Welcome, Net Zero News readers,

In an exciting development for the renewable energy sector, Good Energy Group has recently made headlines with its strategic investment in Zapmap, an innovative company focused on transforming the electric vehicle (EV) charging landscape. With a commitment to fostering sustainable energy solutions, Good Energy is set to further strengthen its partnership with Zapmap through a substantial financial injection of £1.85 million.

This investment marks an important milestone in Good Energy’s ongoing support for Zapmap, as it extends its existing secured convertible loan note established in June 2024. With this latest funding, Good Energy continues to solidify its position as a key stakeholder, now holding 49.9% of Zapmap’s issued share capital.

Zapmap has quickly become a vital platform for EV drivers across the UK, offering a comprehensive map of charging points and enabling users to locate the nearest charging stations with ease. As the demand for electric vehicles continues to surge, Zapmap’s services are becoming increasingly essential, making this investment timely and strategically sound.

The recent £1.85 million investment will be disbursed in four tranches throughout 2025, allowing Good Energy to maintain a flexible approach while supporting Zapmap’s growth. This funding will accrue interest at a competitive rate of 12% per annum, reflecting the confidence Good Energy has in the potential of Zapmap’s operations and market position.

One of the most noteworthy aspects of this investment is Good Energy’s ability to convert the total loan amount—now reaching approximately £9.35 million since its initial investment in 2019—into equity at favourable terms. This conversion can occur at the earlier of a sale of the business, subsequent funding rounds, or on or after 31 January 2027, and it will be executed at a material discount. Such terms underscore Good Energy’s long-term vision for its involvement with Zapmap and the potential for significant returns as the EV market expands.

Good Energy has made this latest investment from its existing cash reserves, reflecting its stable financial position and commitment to driving forward sustainable energy initiatives. This strategic move not only enhances Good Energy’s portfolio but also demonstrates its dedication to supporting innovative companies like Zapmap that are paving the way for a cleaner, greener future.

As electric vehicles gain traction and the infrastructure to support them continues to evolve, Good Energy’s investment in Zapmap can be seen as a proactive step towards facilitating the transition to net zero. By empowering companies that are at the forefront of this change, Good Energy is not only positioning itself for future growth but also contributing to the broader mission of reducing carbon emissions and promoting sustainable energy solutions.

In conclusion, the partnership between Good Energy and Zapmap heralds a promising future for the electric vehicle ecosystem in the UK. As we continue to navigate the challenges and opportunities presented by the transition to net zero, investments like these are crucial. They not only provide the necessary financial backing for innovative solutions but also signal a robust commitment to the sustainable energy landscape.

Stay tuned to Net Zero News for more updates on the latest developments in renewable energy and the steps being taken to achieve a sustainable future.

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