County Durham-based Elmtronics are the UK’s leading independent supplier of electric vehicle charging infrastructure. They supply many household names alongside a range of public-sector companies including the NHS, major Police Forces and the London Ambulance Service. The funding secured will support the rollout of regional offices throughout the UK and directly lead to the creation of 19 jobs, principally based around their head office in the North East.
Dan Martin, Founder & CEO, commented “We’re very excited about completing our first round of investment for Elmtronics. It’s testament to the hard work of many at WH Ireland that we were able to secure funding in what are difficult trading conditions for many businesses. With recent announcements around the future of electric transportation, we’re very confident for the future and this funding allows us to accelerate our growth plans and establish ourselves as leaders in an exciting, developing market.”
Zuleika Salter, Director, Private Equity, commented “It is a privilege to act as sole financial adviser and broker to Elmtronics, who are advancing the cause of emission-free driving for the future. Elmtronics form exclusive UK distribution partnerships with multiple world leading charge-point manufacturers, enabling the company to remain at the forefront as technology evolves. This hardware-agnostic approach, combined with Elmtronics’ proprietary software solution has earned an impressive client list including, Nike, FedEx and the NHS. Dan is an exceptional leader with a loyal and passionate team. We look forward to following and supporting their ongoing success.”
WH Ireland raise money for private companies through a wide range of sources of capital including pre-IPO funding, EIS/VCT funds, and private equity, encompassing everything from large institutions to high-net-worth individuals and family offices through the WH Ireland Investor Forum.