Charge+, Singapore’s largest electric vehicle (EV) charging operator, has successfully raised $8 million in its Series A funding round, marking a significant step forward in its ambitious expansion plans. The funding round, led by TRIVE Venture Capital and TNB Aura, signals the growing demand for EV infrastructure in Southeast Asia—a region projected to experience the fastest growth in electric vehicle adoption, according to the International Energy Agency (IEA).

With Singapore aiming to install 60,000 EV charging points by 2030, Charge+ is positioning itself as a key player in the country’s green mobility revolution. The company plans to deploy 30,000 EV charging points globally by the end of the decade, utilizing its proprietary charger design, which is the slimmest in the world. This design allows for dual-connector functionality, increasing utilization rates.

A portion of the newly raised funds will go toward fulfilling Charge+’s contract with Singapore’s Land Transport Authority (LTA), which includes installing approximately 4,000 EV charging points in public housing carparks.

Regional Expansion in Southeast Asia

Beyond Singapore, Charge+ is making rapid strides across Southeast Asia. The company is constructing Indonesia’s largest EV charging hub in central Java, set to serve the high-traffic trans-Java highway. In Thailand, Charge+ has become the exclusive charging partner of Ch.Pattana, the largest electric taxi operator in the country. In Vietnam, it is collaborating with Porsche to develop an ultra-fast charging network linking the north and south of the country, while in Cambodia, Charge+ has secured contracts to provide infrastructure for the nation’s three largest ports.

To further enhance the accessibility of its network, Charge+ is entering into roaming agreements with regional powerhouses such as Malaysia’s Tenaga Nasional Berhad (TNB), Thailand’s Electricity Generating Authority (EGAT), and Indonesia’s PT PLN. These partnerships will allow Charge+ app users to conveniently access EV chargers across borders, broadening the company’s reach and promoting regional collaboration in sustainable energy.

A Strategic Vision for the Future of Urban Mobility

Ong Tze Boon, Chairman of Charge+, highlighted the company’s vision to spearhead electric mobility across Southeast Asia since its founding in 2018. “The successful completion of Series A financing represents another exciting milestone in accelerating our growth across this region. We are pleased to add TNB Aura as our new investor, after TRIVE as the lead investor in Series A.”

TNB Aura, a venture capital firm focused on transformative energy infrastructure, views Charge+ as a strategic addition to its portfolio. “Ong Tze Boon and Goh Chee Kiong’s leadership is driving innovation and sustainable energy adoption, positioning Charge+ as a leader in the green mobility revolution,” said Vicknesh Pillay, Co-Founder and Managing Partner of TNB Aura.