19
December 2024
Pod Point Group Holdings PLC
(Symbol: PODP)
(the
"Company", the
"Group" or "Pod
Point")
Launch in Spain: Key
milestone for international expansion
Pod Point Group Holdings PLC, a
leading provider of Electric Vehicle ("EV") charging solutions in the UK, is
pleased to announce its launch in Spain.
Entry into new international market - Spain
Pod Point has now entered the
Spanish market, a key milestone in creating its international
business. Spain is one of the most attractive European
markets for Pod Point, with key factors including ease of entry,
competitive landscape and market potential.
The launch partner, SeisSolar, has
partnerships with multiple large, national retail chains across
Spain, including Leroy Merlin and Bauhaus. These retailers
will stock and sell the Solo 3S EU, with its solar compatibility a
key feature for Spanish consumers.
Capital-lite approach
As laid out with the Powering Up
strategy, Pod Point has adopted a low-capex, operationally
streamlined model for its international business. The launch
is via a partnership with SeisSolar, who has a network of 1,500
professional customers (including warehouses and installers), from
which Pod Point will benefit.
Melanie Lane, Chief Executive Officer, said:
"Our entry into the Spanish Market
represents another important milestone in Pod Point's strategy and
creates further momentum in building scale and incremental revenue
for the Group. As part of our Powering Up strategy, expansion into
international markets is a key driver to Pod Point's long-term
success.
Spain is an attractive market for
Pod Point and one which we are well positioned to enter. Our Solo
3S charge point's OCPP-compliance allow us to sell the same product
we launched in our home market earlier this year, enabling a
low-capex rollout. We have a great launch partner in
SeisSolar and will take advantage of their strong relationships
with national retailer groups and large installer
network."
Enquiries:
Pod
Point Plc
Melanie Lane, Chief Executive
Officer
Mike Killick, Interim Chief
Financial Officer
Phil Clark, Investor
Relations
|
phil.clark@pod-point.com
|
Panmure Liberum (Joint Corporate
Broker)
Edward Mansfield, Amrit
Mahbubani
|
+44 (0)20 3100 2000
|
Canaccord (Joint Corporate Broker)
Bobbie Hilliam, Harry
Pardoe
|
+44 (0)20 7523 8150
|
Media
Matt Low / Arthur Rogers
(Teneo)
|
+44 (0)20 7353 4200 4200
PodPoint@teneo.com
|
About Pod Point Group Holdings plc
Pod Point was founded in 2009.
Driven by a belief that driving shouldn't cost the earth, Pod Point
is building the infrastructure needed to enable the mass adoption
of electric vehicles and to make living with an EV easy and
affordable for everyone. As at 30 November 2024 the company has an
installed base of over 250k communicating charge points on its
network in the UK and is an official charge point supplier for
major car brands.
Pod Point works with a broad range
of organisations and customers to offer home and commercial
charging solutions.
Pod Point is admitted to trading on
the London Stock Exchange under the ticker symbol
"PODP."