Electric vehicle charging firm Trojan Energy is set to expand operations after securing £9 million backing from the Scottish National Investment Bank.

The Aberdeen-based business specialises in “flat-and-flush” vehicle charge points which remove the need for obstructive roadside infrastructure.

The investment will enable Trojan Energy to scale up and increase its workforce, and builds on early-stage investment received from a host of investors, including Scottish Enterprise.

Trojan said the funding also underpins plans to install more than 2,000 charging points across the country by the end of 2023.

Commenting on the funding, CEO Ian Mackenzie said: “We approached the Bank as there is clear alignment of missions and we see them as long-term partners on our journey.

“Our charging system is designed specifically to help accelerate the journey to net zero by making electric charging points more accessible. We want the EV transition to be for everyone, not just those with a driveway.

“The Bank has been there for us at the crucial point where we are beginning to get big orders in. The investment will allow us to further commercialise our technology and increase our manufacturing capacity.”

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There are currently 10 million people in the UK who park on-street and don’t have access to EV charging.

Trojan’s EV charging tech provides customers with a lance which connects their vehicle to a charging point in the street. These points are either connected directly to people’s home electricity supplies or can be powered via underground ducts by power cabinets located up to 100 metres away.

This latest investment will allow Trojan to further commercialise the technology. By taking the technology to the next stage, the company says it will decrease the size of the cabinets, reduce costs and offer a wider range of charging options to customers.

Nicola Douglas, Executive Director at the Scottish National Investment Bank, said: “We are delighted to support Trojan with their significant scale-up plans. EV infrastructure is a vital element of the transition to electric vehicles.

“The Bank supports Trojan’s vision to provide charging infrastructure, which is accessible to all, regardless of the type of property you live in.

“I have been massively impressed with the drive and determination of the Trojan team and look forward to working with them and seeing the delivery of their growth plans.”

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