Small investors can buy into Oxfordshire’s drive to install electric vehicle charging points across the county.
EZ Charge, part of Zeta Lighting, a partner working alongside all five local authorities in the county as part of Park and Charge Oxfordshire, a £5.2 million scheme to bring 280 charging points to 20 car parks in the council area, is seeking to raise £1.2m through a bond issue.
Operating through local crowd funder, Ethex, the targeted returns are six per cent interest over 10 years.
A pilot site has been commissioned in Cattle Market, Bicester and the final infrastructure should be in place by January 2022.
Phil Shadbolt, chief executive and founder of EZ Charge, said: “The simple fact is, in order to counter climate change we have to stop burning things.
“Moving to an EV is the easiest and most effective way we can make an impact; investing in this bond will make a real difference and accelerate the transition which we need to make.”
Park and Charge hubs will offer overnight charging for nearby residents and battery top-ups for commuters and visitors during the daytime.
Capital is at risk and returns are not guaranteed.
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