Electric Miles

Electric Miles exceeds target and secures £800k investment in over-subscribed seed funding round

31st March 2022

Electric Miles exceeds target and secures £800k investment in over-subscribed seed funding round

Electric Miles, an intelligent ‘Internet of Energy’ platform, provides electric vehicle drivers with a smart charging service, enabling them to charge their vehicles with cheaper and greener energy whilst also providing a demand flexibility service to the grid.

Electric Miles is very excited to have Vipul Amin onboard with his extensive experience in the energy technology innovation space as a founding member of uSwitch, owner of a leading energy technology business MyUtilityGenius and co-owner of Kelkoo Group that operates across Europe. With his investment of £250k, Electric Miles, has now exceeded its target and has over subscribed to raise nearly £800k of seed funding. Other lead parties in the initial round are Low Carbon Innovation Fund and Blue Lake, along with international angel investors.

Vip Amin said “Energy costs have been escalating in recent months and using the Electric Miles innovative smart charging solution is one way by which electric vehicle drivers are able to save up to 40% off their electricity costs.”

Francis Wright from Low Carbon Innovation Fund said “9 million electric vehicles are set to hit the UK roads within 8 years that will drive a 30% rise in the peak power the local grid needs. If not solved this will lead to an electricity crisis. I’ve got no doubt that Electric Miles will play a part in the UK reaching net zero.” And David Gilgur from Blue Lake commented “Electric Miles has assembled a phenomenal team with great depth of expertise in energy, technology and venture building. Electric Miles is well positioned to help scale EV charging to be accessible to all.”

Electric Miles is an innovative player in the electric vehicle industry, winning a product competition in 2021, and following a string of recent business partnerships announced including Project EV, Pozitive Energy as well as with distribution system operators such as UK Power Networks and Western Power Distribution. Electric Miles was also recently selected to be a part of the London & Partners Business Growth Programme supported by the Mayor of London.

The Electric Miles app helps electric vehicle drivers save money and reduce their carbon footprint with an intelligent and reliable way to charge their vehicles. Drivers simply set their ‘car ready time’ and Electric Miles ensures that the vehicle is charged with the cheapest and greenest energy available. Electric Miles is working with charger manufacturers and resellers to add value to their propositions as their software partner as well as with charger installers to make installation and commissioning easier.

Arun Anand, founder and CEO of Electric Miles, commented “We’ll use this new investment to build the team to drive product capability, platform expansion and innovation in our grid demand flexibility service. Our patent pending solution will cover the entire spectrum of EV smart charging right from installation using Installer Miles1 for easy commissioning, to Admin Miles2 for support and remote diagnostic, to Electric Miles3 for an intelligent driver’s app and finally to Flexibility Miles4 for EV charging to take part in grid flexibility to manage the peak demand. We are committed to work towards UK Net Zero ambition.”

The company plan to scale their user base to 100,000 in the next 24 months as well as double the size of the team (see vacancies on website) which will position themselves for expansion to US and Europe in 2023. Electric Miles total investment now stands at £1m with plans to raise a further round of financing in 2023. 

Terry McGinnis joins the team as Growth Architect

Date – 18th Mar 2022

Terry McGinnis joins the team as Growth Architect

Another new hire for the team with Terry McGinnis joining as our Growth Architect this week. This is a key role as we scale consumers and our community using the Electric Miles app for smart charging as well as increasing our brand profile.

Terry has worked in a number of fields with hyper-growth companies from Apple to Warner Bros., providing them with much needed marketing and technology support and consultancy to drive real world value.

Here’s what Terry has to say: “I’m very honoured to be joining such an exciting start-up which aims to revolutionise the way we think about clean energy and smart charging, we’re at the forefront of everything that is new and exciting and I cannot wait for every stakeholder, from in-app users to our supporters to see what we have in store!”

Announcing our new London office

Electric Miles London office

Date – 11th Mar 2021

Announcing our new London office

We’ve recently moved into our office space near Marylebone in London and it’s been a great experience being together again after all the Covid disruption. We’re also pleased to be closer to many of our customers and partners as an office will also give us the flexibility to meet easier so please do let us know if you’d like to come and visit!

We are building the future of electric vehicle charging and grid flexibility services and we can solve our customers’ problems better and faster by being together in a flexible working environment.

Fiona Coles joins the team as Head of Growth

Date – 9th Mar 2022

Fiona Coles joins the team as Head of Growth

We are continuing to grow the team with Fiona Coles joining as our Head of Growth. This is a key role as we grow consumers using the Electric Miles app and form partnerships to add value for charger manufacturers, installers, EV manufacturers and DSOs through our smart charging solutions and grid flexibility services.

Fiona has worked in a number of high growth SAAS companies adding value for business customers through a best in class consumer experience.

Here’s what Fiona has to say:

“I’m super excited to be joining Electric Miles at this pivotal moment in their growth. The Electric Miles app offers EV users the best smart charging experience available in the market right now. Consumers and businesses can save money by using the Electric Miles app as well as charging their vehicle in a more reliable and greener way too.

I believe that the Electric Miles demand management and flexibility services for DSOs will be the future of grid management and play a part in achieving net zero.”

New deal to deliver smart charging for thousands of EV owners

As the electric vehicle (EV) revolution gathers momentum, there is an urgent need for the installed
charging infrastructure to be smarter. Electric Miles and Project EV have agreed a deal which will
address this growing problem while saving drivers money and helping the Government’s ambition to
make every chargepoint smart.

The two companies have signed a 3-year contract with plans for around 100,000 chargers deployed
by Project EV to be exclusively controlled on the Electric Miles Smart Charging platform. As a result,
thousands of EV owners will have access to a suite of services including automated charging at the
cheapest time, saving drivers money and protecting the transmission and distribution grid from
excessive demand at peak periods. With smart charging motorists can save 40% on their charging
bills.

Through the Electric Miles app, drivers will have full control over the charging of their car to ensure
it has the right amount of charge for the driver’s needs at the lowest possible cost. At the touch of
their smartphone screen, they’ll be able to see the level of charge in their car’s battery to make
charging more intelligent and automated.

Innovations like this agreement between Electric Miles and Project EV are essential steps on the
road to Net Zero. The government has announced there will be a ban on the sale of new petrol and
diesel cars from 2030, as a result hundreds of thousands of EV chargers will have to be in place.
The government has made it clear these chargers will need to be smart to reduce the impact on
National Grid. It won’t be possible for all EVs to be charging at the same time, without massive
investment in transmission infrastructure and power stations.

Electric Miles is already addressing this problem by clubbing their intelligent smart charging platform
with its innovative demand side flexibility services, where it balances EV charging with grid
constraint . Through deals with three major Distribution System Operators (DSO) it will offer about
23 MWs of Demand Side Response (DSR). In the future, benefits from providing this service will be
shared with the drivers who have allowed their car batteries to be used in this way. Yet another
incentive to join the EV revolution

Arun Anand, CEO and founder of Electric Miles commented, “Most domestic car charging is still done
after returning from work between 5pm and 7pm, the same time as demand for electricity goes up
as everyone starts cooking their dinner. Project EV has already deployed 20,000 chargers in the
residential market. Hence we’re very excited to deliver our services to Project EV. From the start, we
were impressed with their shared desire to put the interests of drivers first. Our Smart Charging
platform puts motorists in total control of how and when they charge while also helping the Grid to
deliver power efficiently.”

Anand added, “From the start we developed our software as a service platform to be hardware
agnostic. It can work with any Open Charge Point Protocol (OCPP) charger in the market. This is an
important consideration for any charger manufacturer that doesn’t have this capability with the
government’s Smart Charging Regulation due to come into effect next year.”

Simon Peat, CEO of Project EV, said, “We believe this deal will revolutionise the way vehicles are
charged from dumb to smart. Using one of our advanced chargers integrated with Software from
Electric Miles will allow drivers to charge their vehicle with the right amount of power at the
cheapest cost. This is future-proofed cheaper driving.”

ENDS

 

About Electric Miles

Electric Miles (‘EM’) is a B2B SaaS company providing EV charging software to charger
manufacturers, installers, electricity suppliers, Car OEM and commercial EV fleet operators. With a
mission to accelerate the move towards a Net Zero future, Electric Miles has developed an
intelligent Internet of Energy electric vehicle charging solution to charge energy assets, like EVs,
while maintaining the electricity grid’s stability. For further information and partnering information
visit the website at https://www.electricmiles.io

Electric Miles and Project EV eye 100,000 EV chargepoints in new deal

Date – 13th December 2021

As the electric vehicle (EV) revolution gathers momentum, there is an urgent need for the installed charging infrastructure to be smarter. Electric Miles and Project EV have agreed on a deal which will address this growing problem while saving drivers money and helping the Government’s ambition to make every chargepoint smart.

The two companies have signed a 3-year contract with plans for around 100,000 chargers deployed by Project EV to be exclusively controlled on the Electric Miles Smart Charging platform. As a result, thousands of EV owners will have access to a suite of services including automated charging at the cheapest time, saving drivers money and protecting the transmission and distribution grid from excessive demand at peak periods. With smart charging, motorists can save 40% on their charging bills.

Through the Electric Miles app, drivers will have full control over the charging of their car to ensure it has the right amount of charge for the driver’s needs at the lowest possible cost. At the touch of their smartphone screen, they’ll be able to see the level of charge in their car’s battery to make charging more intelligent and automated. Innovations like this agreement between Electric Miles and Project EV are essential steps on the road to Net-Zero. The government has announced there will be a ban on the sale of new petrol and diesel cars from 2030, as a result, hundreds of thousands of EV chargers will have to be in place.

The government has made it clear these chargers will need to be smart to reduce the impact on National Grid. It won’t be possible for all EVs to be charging at the same time, without massive investment in transmission infrastructure and power stations. Electric Miles is already addressing this problem by clubbing its intelligent smart charging platform with its innovative demand-side flexibility services, where it balances EV charging with grid constraint. Through deals with three major Distribution System Operators (DSO), it will offer about 23 MWs of Demand Side Response (DSR). In the future, benefits from providing this service will be shared with the drivers who have allowed their car batteries to be used in this way. Yet another incentive to join the EV revolution.

Arun Anand, CEO and founder of Electric Miles commented, “Most domestic car charging is still done after returning from work between 5 pm and 7 pm, the same time as demand for electricity goes up as everyone starts cooking their dinner. Project EV has already deployed 20,000 chargers in the residential market. Hence we’re very excited to deliver our services to Project EV. From the start, we were impressed with their shared desire to put the interests of drivers first. Our Smart Charging platform puts motorists in total control of how and when they charge while also helping the Grid to deliver power efficiently.”

Anand added, “From the start, we developed our software as a service platform to be hardware agnostic. It can work with any Open Charge Point Protocol (OCPP) charger in the market. This is an important consideration for any charger manufacturer that doesn’t have this capability with the government’s Smart Charging Regulation due to come into effect next year.”

Simon Peat, CEO of Project EV, said, “We believe this deal will revolutionise the way vehicles are charged from dumb to smart. Using one of our advanced chargers integrated with Software from Electric Miles will allow drivers to charge their vehicle with the right amount of power at the cheapest cost. This is future-proofed cheaper driving.”

ENDS

About Electric Miles

Electric Miles (‘EM’) is a B2B SaaS company providing EV charging software to charger manufacturers, installers, electricity suppliers, Car OEM and commercial EV fleet operators. With a mission to accelerate the move towards a Net Zero future, Electric Miles has developed an intelligent Internet of Energy electric vehicle charging solution to charge energy assets, like EVs, while maintaining the electricity grid’s stability. For further information and partnering information visit the website at https://www.electricmiles.io