Success Story
Connekt Group, a Scottish owned independent electric vehicle (EV) charging network and commercial installation business, secured a £250,000 loan via Investment Fund for Scotland appointed Fund Manager, The FSE Group.
| Region/Nation | Scotland |
|---|---|
| Sector | Specialist Engineering, Infrastructure |
| Programme | Investment Fund for Scotland |
| Partner |
Connekt Group specialises in the installation and management of commercial EV charging solutions across various sectors, including hospitality and corporate offices. It boasts an impressive network reliability with a 99.13% operability rate, underpinned by real-time data monitoring. The company aims to fill the gap in Scotland’s currently unreliable EV charging infrastructure by offering dependable and accessible charging solutions, supporting the Scottish Government’s objective of widespread EV adoption by 2030.
With 14 million tourists visiting Scotland each year, Connekt’s strategic placement of charging hubs at key tourism locations positions the company for sustained growth. The funding will be used to develop Connekt’s first three rapid charging hubs, enabling the company to expand its proven hub model contributing to national sustainability goals and supporting the transition to electric vehicles.
We are thrilled to receive this IFS loan via The FSE Group, which will help us play a pivotal role in propelling Connekt’s strategy in the rapid charging market whilst supporting Scotland’s green transition. Growth funding for early-stage businesses is limited but vital – with this support we are able to continue our work towards becoming a leader in the EV charging sector, driving the adoption of sustainable energy solutions across the nation. - Johnny Manning Founder and Managing Director, Connekt Group
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