COGENT VENTURES CELEBRATES AS CHARGEFOX PTY LTD SECURES $15 MILLION IN CLEAN TECH FUNDING

Aussie start up to build ultra-rapid charging station network for Electric Vehicles (EVs)

Chargefox Funding Announcement

In 2017, Cogent Ventures solidified its strategic focus on Transport as a Service, with the co-creation of Chargefox. The Australian start-up has just announced funding of over $15 million to build Australia’s largest open, ultra-rapid network of charging stations for electric vehicles. This significant investment in clean technology comes from a combination of sources including the Australian Mobility Clubs, The Australian Renewable Energy Agency (ARENA) as well as the Victorian Government.

Cogent Ventures Investment Director, and Cogent CEO, Mark Wells said of the funding success:

“At Cogent Ventures we’ve spent a lot of time thinking about ways to create a cleaner future for ourselves and our children. Chargefox was created with a vision to help reduce the carbon footprint of transport in Australia and we are thrilled to be working with a pool of investors who share that vision and are prepared to back us to deliver it.”

Anyone who has been considering purchasing an EV to date but has been discouraged by the lack of an open access ultra-rapid charging network on Australian highways can now purchase with confidence. EV owners can now download the Chargefox App and easily find hundreds of charging stations and ultra-rapid stations available across Australia and New Zealand.

Chargefox CEO Marty Andrews added, “Chargefox has a vision that one day 100% of road transport will be powered by renewable energy and from day one our ultra-rapid chargers will be accessible to all Australian drivers.”

Chargefox is the biggest and fastest growing open charging network in Australia for modern EVs. It has been operating charging stations across Australia and New Zealand for 12 months and has managed more than 8000 charging sessions for drivers via it’s iPhone and Android mobile apps.

Cogent Ventures invests in and works side by side with Melbourne based, values aligned entrepreneurs creating novel businesses. The relationship between Cogent Ventures and Chargefox will deepen further as Cogent Ventures Investment Director Marty Andrews joins Chargefox as CEO.

Read the Department of the Environment and Energy Press Release here.

Chargefox CEO Marty Andrews (centre right) with Energy minister Lily D’Ambrosio (centre left) at the 2018 All Energy Conference