BMW i Ventures has made a strategic investment into Chargemaster Plc, a leading provider of electric vehicle charging infrastructure in the United Kingdom. Chargemaster and BMW i have also inked a wide-ranging cooperation deal wherein the UK firm will provide a range of E-mobility services. The companies will conduct joint electric vehicle marketing activities and will work together to promote advancement of EVs and E-mobility services.
The five-year cooperation agreement aims to ensure that charging infrastructure is in place for the expected rise of EVs. Under the agreement, Chargemaster and BMW i will set up ChargeNow, the public charging network for BMW i owners across the UK. Chargemaster will also provide charging equipment as well as sites for DriveNow, BMW i’s car sharing service.
The companies are working on making EV charging as accessible to consumers as possible. The project entails cooperation with another BMW i partner, ParkatmyHouse.com (PAMH), to roll out more charging points within the PAMH estate of over 30,000 private parking locations. The cooperation extends Chargemaster's current project with PAMH, in which the former has been equipping London PAMH driveways with charging points.
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.” [source: Bmw]