ChargePanel signs agreement with company in Uganda

ChargePanel AB (publ) (“ChargePanel”) and Simba Innovative LTD (”Electrify Africa”) have today signed an agreement for a license for ChargePanel’s Enterprise service. Electrify Africa will work as an EV charging operator in Uganda with the goal to establish operations in seven countries in the East African region within 2 years.

Electrify Africa will act as both a CPO and EMP through ChargePanel’s platform in the East African market starting in Uganda. The connection of charge stations will begin in Uganda’s capital Kampala as soon as the onboarding is completed in ChargePanel’s platform, which is estimated to take place during July.

Through the agreement with Electrify Africa, ChargePanel also increases its presence in the expansive East African market and the agreement is of a strategic character as it makes expansion into new countries possible. ChargePanel has an active agreement in the Ugandan market since previously.

”To sign an agreement with Electrify Africa feels really good as they have already shown through their visit to us earlier in the spring that they are willing to make the needed investment to reach their ambitious business goals. It will be interesting for us to follow their journey up close” – Peter Persson, CEO ChargePanel AB (publ)

“ChargePanel’s software has the functionality that we required to be able to act in our market, for example full support for mobile payments. ChargePanel has even shown a large and genuine interest for us as a company, and it feels good to have them as a partner.” – Yusuf Kayiwa, Director, Simba Innovative LTD

For further information, please contact:
Peter Persson, CEO, ChargePanel AB (publ)
Phone: +46 (0)8 120 325 01
The company’s Certified Adviser is Eminova Fondkommission

About ChargePanel AB (publ)

ChargePanel AB (publ.) is a GreenTech company that offers innovative B2B solutions within e-Mobility.

ChargePanel offers a white-label SaaS-platform for the operation and management of electric vehicle charging networks. The platform enables electric vehicle driver access to a user-friendly app for charging and is independent of both electricity companies and manufacturers of charging infrastructure.

Since the start, the company’s focus has been towards developing the technical platform as well as increasing the interest and connecting with selected strategic partners and customers. The company provides solutions in Sweden, Norway, Great Britain, Romania, Morocco, Kenya, Uganda, Malta, the USA and Australia, with the ambition to grow with its customers into new geographic markets and has adopted a growth strategy which includes multiple continents before the end of 2025. The company’s strategy is both sustainability and customer-centric. Smarter electric vehicle charging through ChargePanel’s platform facilitates the transition from fossil-fuel vehicles to electric vehicles for both private individuals and companies. This is in line with the climate goals of most countries and regions, and the incentives for electric vehicles will increase sharply in the future.

The company was founded in 2014 and has its headquarters in Stockholm, Sweden. ChargePanel AB (publ) is listed on Nasdaq First North Growth Market and the company’s Certified Adviser is Eminova Fondkommission.