Solus Power Secures $5M to Advance EV Charging Solutions

Solus Power, a cutting-edge energy movement enterprise, has announced it has secured $5,000,000 in investment capital from investors. This significant funding round is poised to bolster the company’s efforts in developing and deploying innovative, sustainable energy solutions, particularly its smart electric vehicle (EV) charging infrastructure. The company's core mission centers on identifying and addressing the current shortcomings within the EV charging landscape, a crucial step in supporting the UK's 'Road to Zero' policy. Solus Power is dedicated to creating new, smart EV charging solutions tailored for the public sector, businesses, and individual users, thereby contributing to a more efficient and accessible EV ecosystem. Furthermore, Solus Power is actively collaborating with a UK defence company on the production of various products. The $5,000,000 in capital will be strategically deployed to accelerate Solus Power's development initiatives and expand its operational capabilities. The company plans to use these funds for key growth initiatives, including the enhancement of its technological offerings, scaling the deployment of its smart charging products, and exploring new avenues to extend its reach in delivering sustainable energy solutions. This investment underscores investor confidence in Solus Power's forward-thinking vision and its proactive approach to revolutionising energy movement. Looking ahead, the company is positioned for considerable expansion. It aims to strengthen its market presence and continue making a meaningful impact on the adoption of sustainable energy technologies, particularly within the rapidly evolving EV charging infrastructure sector, both in the UK and beyond.