Charge+ Secures Series A Funding for Southeast Asia EV Charging Expansion

Singapore-based electric vehicle (EV) charging operator, Charge+, has successfully closed a Series A funding round led by TRIVE Venture Capital to fuel the expansion of its EV charging infrastructure in Singapore and Southeast Asia. The funding will support fulfilling a tender contract with the Singapore Land Transport Authority (LTA) for 4,000 EV charging points and the creation of a 5,000km EV charging highway across five Southeast Asian nations.

Charge+ has rapidly expanded its EV charging operations across Malaysia, Thailand, Vietnam, Indonesia, and Cambodia, with a goal to deploy 30,000 EV charging points worldwide by 2030. The company also collaborates with regional EV charging operators to provide users access to a broader network of chargers in various countries.

The Singapore government has set a target of 60,000 EV charging points by 2030, and the Southeast Asian region is projected to have around 202,000 EV charging points by 2026, according to Power Technology Research. Charge+ employs a proprietary, ultra-slim charger design and a dual-connector configuration for enhanced utilization.

The Series A funding marks a significant milestone in supporting Charge+'s growth across the region and is seen as a strategic addition by TRIVE, an impact-focused venture capital firm, aligning with the mission of generating sustainable income and improving public health in Southeast Asia.