REG - Pod Point Group Hdgs - Network Milestone Passed

Pod Point groupAnnouncement

18/11/2024 07:00

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RNS Number : 5036M  Pod Point Group Holdings PLC  18 November 2024

18 November 2024

Pod Point Group Holdings PLC (Symbol: PODP)

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

 

250,000 charge point network milestone passed

 

Pod Point becomes the first charge point operator in the UK to achieve network
scale of a quarter of a million chargepoints

 

Pod Point Group Holdings PLC, a leading provider of Electric Vehicle ("EV")
charging solutions in the UK, is pleased to announce its network of Energy
Flex enabled chargepoints has now passed the 250,000 milestone, a unique
achievement in the UK market.

 

Largest UK chargepoint network

Pod Point has the largest chargepoint network in the UK, having now passed a
quarter of a million units, focused on the Home and Workplace market segments.
 The vast majority of the network can participate in Energy Flex without any
technology upgrades.  This makes Pod Point a significant, scale player in
both regional and national markets for Energy Flex.

Participating in the Energy Flex market represents a "win-win-win": consumers
are rewarded with cheaper and greener charging; partners reduce costs and
avoid capex; and Pod Point generates high value recurring revenues.

 

Progressing towards one million customers

The Group set an ambition of having one million customers by 2030 as part of
its "Powering Up" strategy.  With its already significant scale in the UK
market, achieving the milestone of 250,000 units is an important step on the
journey to one million customers.

 

Melanie Lane, Chief Executive Officer, said:

"Pod Point has a long-established track record of being a leader in the EV
charging market.  I'm thrilled that we have achieved another first by
becoming the first network to have installed over 250,000 units for customers
across the UK.  We have achieved this with a Trust Pilot score of 4.4,
demonstrating our commitment to excellent customer service.

Our growing network size provides us with significant scale and relevance to
the Grid and is an important part of our strategy for unlocking high margin
recurring revenues for Pod Point."

 

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 June 2024 the company has an installed base
of 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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