Jet Charge raises $3.3 million to expand Melbourne headquarters and boost production of electric vehicle chargers

Australian electric vehicle infrastructure company Jet Charge has announced plans to expand its national headquarters in Melbourne, after securing $3.3 million from public and private investors, including the Victoria state government.

In a joint announcement with the Andrews Labor government, Jet Charge says it will use the funds to create 73 new high-skilled jobs in electronics, engineering and logistics at its Fisherman’s Bend headquarters, to boost research and development and production. chargers for electric vehicles.

“Expanding our operations in Victoria means we can continue to grow and develop our products, making electric vehicle chargers for more people in Australia and New Zealand,” said Jet Charge CEO and founder Tim Washington.

Victoria Industry Support Minister Ben Carroll said the government’s support for Jet Charge (amounts could not be disclosed) came from its $100 million zero-emission vehicle (ZEV) roadmap.

“We support innovative manufacturers to develop world-class products here that help us continue to lead the nation on climate action, while creating more local jobs as we transition to a low-carbon economy,” said Carroll.

A local electric vehicle success story

Established in Melbourne in 2013, Jet Charge has gone from strength to strength as a provider of electric vehicle charging technologies and infrastructure.

The company operates in Australia and New Zealand and is the preferred charging infrastructure provider for property developers, energy providers and a total of 24 electric vehicle brands, including Nissan, with more than 10,000 charging stations installed in Australia.

Earlier this year, Jet Charge raised more than $25 million in a funding round, including $6 million from the federal government’s green bank, to help meetmechallenges and opportunityit is” of the growing adoption of electric vehicles in Australia.

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The Series B financing round was led by RACV with support from the Clean Energy Finance Corporation (CEFC) through the Clean Energy Innovation Fund and Claremont Capital, plus additional support from Series A investors of $4.5 million Greg Roebuck, founder of .au, and climate tech investor Simon Monk.

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In August, Jet Charge won a contract with the Western Australian government to install 98 EV chargers at 49 locations across the state which, when completed, will serve to create the world’s longest continuously connected electric highway.

Each of the WA charging locations will be equipped with a standard charger and a 150kW DC fast charger, the latter of which will allow EV drivers to recharge their car in as little as 15 minutes.

This year, Jet Charge also announced a partnership with Middy’s Electrical to launch the Wallbox range of electric vehicle chargers to homes and businesses in Australia.

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