Charge+ has surpassed 4,000 EV charging points across Singapore, cementing its position as the largest EV charging operator in the city-state. The milestone was enabled in part by a S$21 million green loan from DBS Bank, making Charge+ the first EV charging company to receive financing under the Enterprise Financing Scheme – Green (EFS-Green).

Dominant position in HDB and condo segments

Charge+ now operates more than 2,000 charging points across four of Singapore’s five HDB zones, and approximately 1,700 points across some 300 condominiums — the highest count in both segments. The company has also expanded its fast charging network across shopping malls, commercial, and industrial buildings, with nearly all fast chargers rated at 120kW and above.

Loyalty rebates through DBS partnership

In conjunction with the milestone, Charge+ has partnered DBS Bank and yuu Rewards Club to offer up to 18% cash rebates on EV charging via the DBS yuu Visa Card or PAssion POSB Debit Card — billed as the largest long-term loyalty rebate for EV charging in Singapore.

Series B and regional expansion ahead

Having closed a US$8 million Series A round in 2024, Charge+ is now in the process of completing a Series B round in 2026 targeting an additional US$20 million in equity. The combined capital is intended to support Charge+’s broader regional ambitions, including the implementation of a 5,000km EV charging highway spanning Singapore, Malaysia, Thailand, Cambodia, and Vietnam.

“The green loan has not only supported our business growth but also strengthened our ability to expand critical EV charging infrastructure and contribute to Singapore’s transition towards a greener, all-electric future.” — Goh Chee Kiong, CEO, Charge+

“Its progress shows how local enterprises can help translate national sustainability ambitions into real-world outcomes.” — Chen Ze Ling, Group Head of Corporate and SME Banking, DBS

“We view the green loan from DBS as a turbo-booster to help Charge+ realise our vision of making sustainable mobility truly pervasive throughout the region.” — Ong Tze Boon, Chairman, Charge+