Clenergy EV secure £2m investment from Smart Metering Systems Plc (SMS)

Clenergy EV have recently secured £2m investment from Smart Metering Systems Plc (SMS) to scale up its operations and support its major growth plans in the EV charging industry. 

Clenergy EV is a UK leader in charge point software, for use for both workplace and public charging infrastructure. SMS Plc is a fully integrated energy infrastructure company owning and managing decarbonization assets across the UK, who have made a strategic investment into Clenergy EV to develop its own EV charging infrastructure projects. 

The investment into Pencoed-based Clenergy EV has allowed the company to upscale their business from 13 employees at year end 2021 to 27 employees as of November 2022. 

Clenergy EV CEO Will David said: "This investment will ensure Clenergy EV can develop its software further into emerging technologies within EV charging and fleet electrification, allowing South Wales to maintain its rich automotive history as we switch to zero-carbon electric vehicles."