What is EO?
EO specializes in the design and manufacturing of EV charging stations, complemented by hardware-agnostic, cloud-based charge-point management software tailored for fleet operations. Headquartered in the UK, the company also offers comprehensive installation services and ongoing operations and maintenance, providing a complete ecosystem for fleet electrification. Their solutions are designed to streamline the adoption and management of electric vehicles for businesses, addressing critical infrastructure needs.
How much funding has EO raised?
EO has raised a total of $112.5M across 2 funding rounds:
Private Equity
$80M
Private Equity
$32.5M
Private Equity (2023): $80M with participation from Vortex Energy and Zouk Capital
Private Equity (2025): $32.5M led by HSBC, Vortex Energy, and Zouk Capital
Key Investors in EO
Vortex Energy
Vortex Energy is a global energy transition investment manager focused on promoting a net-zero future, with a track record of managing EUR 1.6 billion in assets under management. Founded in 2014, the company specializes in clean energy investments, currently developing 7.0GW of assets across Europe and the UK. Vortex Energy aims to deliver superior returns to its investors while facilitating the transition to sustainable energy solutions.
Zouk Capital
Zouk Capital is a fund manager dedicated to investing in the sustainable economy, focusing on opportunities at the intersection of infrastructure, technology, and sustainability. The company supports innovative projects, such as battery energy storage systems and electric vehicle charging infrastructure.
HSBC
HSBC is a global banking and financial services organization headquartered in London. Founded in 1865, HSBC provides a comprehensive range of banking products and services to individuals, businesses, and institutions across six continents.
What's next for EO?
With substantial backing from strategic investors, EO is poised for significant growth and innovation. The recent funding, characterized as a major strategic investment, suggests a focus on scaling operations, enhancing technological capabilities, and potentially expanding its market reach. This capital will likely be instrumental in developing next-generation charging solutions and expanding the software platform's functionalities to meet the evolving demands of the EV fleet sector. The company's trajectory indicates a strong commitment to driving the transition towards sustainable transportation.
See full EO company page
