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EDF Energy has acquired electric vehicle charging company Pod Point for an undisclosed sum.

The energy giant bought out the company as part of a newly-formed joint venture with Legal & General Capital and EDF Energy said the acquisition of Pod Point the firm’s largest investment in the EV market and “forms part of its plan to become the leading energy company for electric mobility in France, the UK, Italy and Belgium.”

EDF Energy added the combination of Pod Point solutions and its offers will in future” mean customers will be able to schedule their charging and benefit from competitive electricity at times when energy costs are lower and there is less demand on the grid.”

Pod Point charger

Yannick Duport, electric mobility director at EDF Group, said: “This new acquisition is perfectly in line with the EDF Group’s electric mobility plan launched in 2018. It fulfils our ambition to be the energy leader in Europe. Pod Point, a major player of charging solutions in the UK.”

Erik Fairbairn, Pod Point CEO & Founder, added: “This is an incredibly exciting next chapter for Pod Point. We set out in 2009 with the vision that travel shouldn’t damage the earth and a mission to put a charge point everywhere you park. So far, we have made great progress towards those goals. By joining up with EDF we can take things to the next level and accelerate our national roll out of charging points and make it even easier for drivers across the UK to go electric.”