Forev is an electric-vehicle infrastructure company focused on installing and operating publicly accessible ‘destination’ charging points that allow drivers to top up their cars while away from home. The company’s phase-one roll-out is aimed at scaling a planned network of more than 1,700 chargers situated at key sites throughout Scotland. By targeting locations where home charging is impractical, Forev seeks to accelerate EV adoption and support the country’s transition to net-zero transportation. Its model centers on owning and operating the chargers, generating revenue from usage fees paid by EV drivers. A recent £2 million capital injection provides the resources to advance construction of the initial tranche of chargers and lay groundwork for wider deployment. Management positions the firm as a critical enabler for Scotland’s climate goals and expects the expanded network to materially increase charging options for motorists on the move. No additional financial metrics or historical funding figures were disclosed in the article.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2021