10 August 2023
Pod Point Group Holdings plc ("Pod Point" or the "Group")
Partnership with Redrow plc
Pod Point, one of the UK's market-leading providers of Electric Vehicle ("EV") charging solutions, today announces a multi-year preferred partnership agreement with Redrow, a leading residential developer in England and Wales.
Following a competitive tender process, Pod Point will become a preferred provider of EV charging infrastructure across all of Redrow's operating divisions in England and Wales, which collectively build over 5700 new homes each year. The contract also extends to a number of Redrow's offices and sales centres that require the retrofitting of chargepoints, supporting the developer's Climate Change Strategy.
The deal builds upon the companies' close collaboration since 2018, during which time Pod Point has supplied 2,000 chargepoints to Redrow, driven by continued developments in local and national climate legislation. These regulations include the notable ruling from June 2022 that all new residential developments in England must have at least one 7kW charge point for each residence with a parking space.
The partnership follows the recently announced deal with Barratt Developments plc, another leading housebuilder, under which Pod Point has become a key supplier of EV chargepoints to the developer. These deals support Pod Point's leading market position, the quality of chargepoint products and demonstrate the opportunity presented by these partnerships. The Group now has commercial relationships with a growing number of the largest housebuilders in the UK.
Enquiries:
| Pod Point Plc |
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| Andy Palmer, interim Chief Executive Officer |
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| David Wolffe, Chief Financial Officer |
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| Phil Clark, Investor Relations | phil.clark@pod-point.com |
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| Numis (Joint Corporate Broker) |
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| Jonathan Wilcox / Andrew Coates | +44 (0)20 7260 1000 |
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| BofA Securities (Joint Corporate Broker) |
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| Marcus Jackson / Mitchell Evans | +44 (0)20 7628 1000 |
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| Media |
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| Mark Burgess / Matt Low / Arthur Rogers (Teneo) | +44 (0)20 7353 4200 |
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| PodPoint@teneo.com |
About Pod Point Group Holdings plc
Pod Point has over 212k smart communicating charge points on its network and is an official charge point supplier for major car brands.
Pod Point installs a broad range of products from smart domestic charge points to high power rapid chargers and load balancing systems. Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions with customers including major retailers, hotels, restaurants and leisure venues.
Pod Point is admitted to trading on the London Stock Exchange under the ticker symbol "PODP."
For more information, visit https://pod-point.com/
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