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City AM - Rapid vehicle-charging business Engenie aims to fire up its engines with £1m investment opportunity

1 min read

The electric car market appears to be slowly revving up, as vehicle-charging business Engenie has announced it is raising £1m to expand across the UK.

The four-year-old business is aiming to capitalise on recent moves from the likes of Volvo, which said all new models would be electric by 2019, and Emmanuel Macron's government in France which announced it would ban the sale of petrol and diesel cars by 2040.

Engenie plans to extend its network across on-street and prime car-park locations, while also providing charge-points for commercial fleet and taxi operators.

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