Electric Miles Raises £1.2M to Build Smarter Software for EV Charge Point Operators

December 17, 2024

Electric Miles Raises £1.2M to Build Smarter Software for EV Charge Point Operators
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Electric Miles, a UK energy technology company, has raised £1.2 million to develop its software platform for managing and monitoring electric vehicle charge points. The company provides charge point operators, commercial site owners, and fleet managers with the tools needed to understand how their charging infrastructure is performing, identify faults and issues proactively, optimise utilisation, and make informed decisions about where and when to invest in additional charging capacity.

The UK EV charging infrastructure is expanding rapidly, driven by government targets for public charge point deployment, commercial investment by charge point operators and energy companies, and the growing demand from drivers of battery electric vehicles for reliable access to charging away from home. But deploying charge points is significantly easier than running them well. Charge point reliability has been a persistent problem — industry data has consistently shown that a meaningful proportion of public charge points are out of service at any given time, whether due to software faults, connectivity issues, payment system failures, or physical damage — and the operational tools available to operators for managing their distributed networks of charging hardware have not kept pace with the scale of deployment.

Electric Miles addresses this by providing the software layer that gives operators a unified view of their charge point estate. The platform aggregates operational data from across a fleet of charge points — session data, fault alerts, connectivity status, energy consumption, revenue — and presents it in dashboards and analytical tools that allow operators to monitor performance, investigate issues, and optimise the deployment and pricing of their infrastructure. For fleet operators managing workplace or depot charging, the platform provides the scheduling and load management tools needed to charge vehicles efficiently during periods of low electricity cost without exceeding the site's power capacity. For commercial sites including car parks and retail locations, it provides the billing and reporting functionality needed to run charge points as a commercial service.

The funding will be used to develop the platform's monitoring, analytics, and optimisation capabilities and expand the customer base across charge point operators and commercial fleet managers.

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