US Edition
EDF to Buy Pod Point for £10.6m Amid ‘Slow’ Electric Car Adoption
- In 2025, EDF finalized a £10.6 million acquisition of electric vehicle charging company Pod Point following the suspension of its shares in April.
- Pod Point struggled with slower-than-expected EV adoption, increased competition, and a plunging share price since its 2021 London Stock Exchange float.
- EDF, which already owned 53% of Pod Point, said acquiring the rest would provide long-term stability and allow it to invest in charging products.
- The takeover offer of 6.5p per share values Pod Point at about £10.6 million, down from a £350 million valuation at its IPO, with shareholder approval needed.
- EDF described the acquisition as the only realistic option to keep Pod Point operating, indicating ongoing financial reliance on EDF amid a difficult market backdrop.
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Keighley News+12 Reposted by 12 other sources
EDF to buy Pod Point for £10.6m amid ‘slow’ electric car adoption
The energy giant was already a majority shareholder and will take over the rest of the group.
·Keighley, United Kingdom
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EDF buys EV charger firm Pod Point for just £10m – four years after £352m london float
Pod Point, one of the UK’s early pioneers in electric vehicle charging, has been acquired by French energy giant EDF for just £10.3 million, marking a dramatic fall from its £352 million valuation when it floated on the London Stock Exchange in 2021. The deal, announced alongside full-year results, sees EDF offer 6.5p per share, a 24% premium to the company’s share price before takeover interest became public in April — but a far cry from its 22…
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Total News Sources24
Leaning Left2Leaning Right3Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
14%
C 64%
R 21%
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