The Bank's investment in Trojan Energy's patented electric vehicle (EV) charging technology aligns with its mission to support the just transition to net zero and invest in innovative, scalable technology.
The flat-and-flush charging product was developed in consultation with Disability UK and is free from the pavement clutter associated with other EV charging options.
£9 million growth capital from the Bank underpins a scale up which will see more than 2,000 charging points installed by the end of 2023 and Trojan’s workforce increase significantly.
About Trojan Energy
Aberdeen based Trojan Energy specialises in flat-and-flush vehicle charge points which remove the requirement for any obstructive roadside infrastructure and leave the pavement clear of clutter.
Trojan's innovative technology aims to provide access to EV charging for those that do not have access to off street parking.
Nicola Douglas, Executive Director at Scottish National Investment Bank said:
“We are delighted to support Trojan with their significant scale up plans. EV infrastructure is a vital element of the transition to electric vehicles.
“I have been massively impressed with the drive and determination of the Trojan team and look forward to working with them and seeing the delivery of their growth plans.”
Ian Mackenzie, CEO of Trojan Energy, said:
“We approached the Bank as there is clear alignment of missions and we see them as long-term partners on our journey.
“Our charging system is designed specifically to help accelerate the journey to net zero by making electric charging points more accessible. We want the EV transition to be for everyone, not just those with a driveway.
“The Bank has been there for us at the crucial point where we are beginning to get big orders in. The investment will allow us to further commercialise our technology and increase our manufacturing capacity.”