REG - Pod Point Group Hdgs - Launch of Pod Drive

Pod Point groupAnnouncement

22/05/2025 07:00

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RNS Number : 6785J  Pod Point Group Holdings PLC  22 May 2025

22 May 2025

Pod Point Group Holdings PLC (Symbol: PODP)

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

 

Launch of Pod Drive - Home charging as a service

 

Pod Point Group Holdings PLC, a leading provider of Electric Vehicle ("EV")
charging solutions in the UK, is pleased to announce the launch of Pod Drive,
a unique EV charging subscription that evolves Pod Point from a charger-only
proposition to a trusted charging service provider. Pod Drive is the first new
product to be launched under the Group's new brand, Pod.

 

Pod Drive

Today's launch is for Pod Drive, an all-inclusive home charging service. The
Pod Drive subscription gives drivers a cheaper and more convenient way to
charge their EV at home, reducing the up-front costs of installing a charger
from £1,249 to £99, while rewarding customers with cashback on up to 7,500
"smart charged" miles per year, covering household electricity costs of
charging their vehicle.

 

Pod Drive removes the high up-front cost of charger installation, a
significant barrier to EV adoption, while giving subscribers control over
their EV running costs. A £40 monthly subscription 1  (#_ftn1) to Pod Drive
includes a Pod Point Solo 3S charger, installation and a 48-hour Service Level
Agreement: providing a reliable, award-winning home charging system and total
peace of mind.

 

In addition, Pod Drive helps customers to reduce the impact of EV ownership on
household electricity bills through a form of cashback, known as "Miles". By
enabling "smart charging" with Pod Drive, customers will be rewarded up to
7,500 Miles of cashback per year, the equivalent of over £170.

 

The Group is partnering with Tesco and Mazda for the launch of Pod Drive and
is in advanced discussions with several other high-profile brands and
distribution partners.

 

Pod Drive marks the first of several new electrification propositions that the
Group has been developing to support households with all their charging
needs.

 

Melanie Lane, Chief Executive Officer, said:

"Pod Drive takes the hassle and complexity out of going electric and removes
significant barriers to EV adoption in the form of upfront costs. As the
original innovator in electric charging, we are constantly working hard to
make life with an EV simple for many more drivers.  Today's launch of Pod
Drive marks another innovation in EV charging, as we evolve into a charging
service provider.

 

Pod Drive takes full advantage of the Group's core strengths - our trusted
brand, our award-winning chargers, our expertise in Energy Flex and our
existing installed base of over 250,000 charge points.  By combining these
strengths, we are bringing customers a unique EV charging offer that provides
cost savings, convenience and choice."

 

 

Enquiries:

 

 Pod Point                                                                                                                     phil.clark@pod-point.com

 Melanie Lane, Chief Executive Officer

 Michael Jay, Acting 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

Pod is one of the UK's leading EV charging providers, powering homes, public
spaces and workplaces. We were innovators right from the get-go, helping
people make the switch to electric in the very early days of EV travel. Today,
a quarter of a million customers trust us to be the heart of their EV life,
and we power over 5 million miles every day.

We stand out in the EV market thanks to our award-winning technology, our
heritage and our proven reliability. Our customers can be confident when they
choose Pod on their electric journey. We're building a future where clean
energy is easy, affordable and accessible for everyone.

 

pod.energy.com (http://pod.energy.com/)

 1  Full Pod Drive T&Cs:
pod-point.com/legal/pod-drive-terms-and-conditions
(http://pod-point.com/legal/pod-drive-terms-and-conditions)

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