JET Charge, Australia’s leading specialist in electric vehicle (EV) charging infrastructure, is developing smart charging hardware that will reduce the cost of smart and connected charging stations and make them more user friendly. JET Charge is deploying its proprietary smart charging technology under a services-based model that will ensure that EV charging occurs when the electricity grid can best support it. The technology also has the potential to match EV charging to times when renewable power penetration into the grid is at its highest.
The CEFC committed an equity investment of A$3.5 million, through the Clean Energy Innovation Fund, as part of the company’s capital raising round, of A$4.5 million, which also drew co-investment from industry executives and private investors.
