BMW i has made a strategic investment in Chargemaster Plc, the UK’s leading provider of electric vehicle charging infrastructure (a 2% stake for £500k). Chargemaster and BMW i have also entered into a wide ranging cooperation agreement whereby Chargemaster will provide a range of E-mobility services.
Thorsten Mattig, Managing Director BMW i Ventures: “We see Chargemaster playing an important role in preparing the way for E-mobility. This investment and wide ranging cooperation agreement will accelerate our activities as well as boost the synergies with some of our already existing services and investments, such as ParkatmyHouse, where Chargemaster equipment has already been installed.”
The five year cooperation agreement between Chargemaster and BMW i aims to establish ChargeNow, the public charging network for BMW i owners across the UK.
Chargemaster will also provide charging equipment and sites for the BMW i car sharing service DriveNow.
Both parties are working together on another BMW i partner, ParkatmyHouse.com (PAMH), to roll out further charging points within the PAMH estate of over 30,000 private parking locations.
