REG - Pod Point Group Hdgs - Key Milestone For International Expansion

Pod Point groupAnnouncement

19/12/2024 07:00

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RNS Number : 6539Q  Pod Point Group Holdings PLC  19 December 2024

19 December 2024

Pod Point Group Holdings PLC (Symbol: PODP)

(the "Company", the "Group" or "Pod Point")

 

Launch in Spain: Key milestone for international expansion

 

Pod Point Group Holdings PLC, a leading provider of Electric Vehicle ("EV")
charging solutions in the UK, is pleased to announce its launch in Spain.

 

Entry into new international market - Spain

Pod Point has now entered the Spanish market, a key milestone in creating its
international business.  Spain is one of the most attractive European markets
for Pod Point, with key factors including ease of entry, competitive landscape
and market potential.

The launch partner, SeisSolar, has partnerships with multiple large, national
retail chains across Spain, including Leroy Merlin and Bauhaus.  These
retailers will stock and sell the Solo 3S EU, with its solar compatibility a
key feature for Spanish consumers.

 

Capital-lite approach

As laid out with the Powering Up strategy, Pod Point has adopted a low-capex,
operationally streamlined model for its international business.  The launch
is via a partnership with SeisSolar, who has a network of 1,500 professional
customers (including warehouses and installers), from which Pod Point will
benefit.

 

Melanie Lane, Chief Executive Officer, said:

"Our entry into the Spanish Market represents another important milestone in
Pod Point's strategy and creates further momentum in building scale and
incremental revenue for the Group. As part of our Powering Up strategy,
expansion into international markets is a key driver to Pod Point's long-term
success.

Spain is an attractive market for Pod Point and one which we are well
positioned to enter. Our Solo 3S charge point's OCPP-compliance allow us to
sell the same product we launched in our home market earlier this year,
enabling a low-capex rollout.  We have a great launch partner in SeisSolar
and will take advantage of their strong relationships with national retailer
groups and large installer network."

 

Enquiries:

 Pod Point Plc                                                                                                                                       phil.clark@pod-point.com

 Melanie Lane, Chief Executive Officer

 Mike Killick, Interim Chief Financial Officer

 Phil Clark, Investor Relations

 Panmure Liberum (Joint Corporate Broker)                                                                                                            +44 (0)20 3100 2000

 Edward Mansfield, Amrit Mahbubani
 Canaccord (Joint Corporate Broker)                                                                                                                  +44 (0)20 7523 8150

 Bobbie Hilliam, Harry
 Pardoe
 Media                                                                                                                                               +44 (0)20 7353 4200 4200 PodPoint@teneo.com (mailto:PodPoint@teneo.com)

 Matt Low / Arthur Rogers
 (Teneo)

 

About Pod Point Group Holdings plc

Pod Point was founded in 2009. Driven by a belief that driving shouldn't cost
the earth, Pod Point is building the infrastructure needed to enable the mass
adoption of electric vehicles and to make living with an EV easy and
affordable for everyone. As at 30 November 2024 the company has an installed
base of over 250k communicating charge points on its network in the UK and is
an official charge point supplier for major car brands.

Pod Point works with a broad range of organisations and customers to offer
home and commercial charging solutions.

Pod Point is admitted to trading on the London Stock Exchange under the ticker
symbol "PODP."

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