Business
Investment in Chargemaster
Investment in Chargemaster.
About this update from Truetide Plc
[{"type":"text","content":"\n RNS Number : 1439Y Braveheart Investment Group plc 17 December 2010 \n \n\n17 December 2010\n \n \nBraveheart Investment Group plc\n(\"Braveheart\" or the \"Group\")\n \nInvestment in Chargemaster plc\n \nBraveheart Investment Group (AIM: BRH) announces that Envestors Limited, its wholly owned subsidiary, has led a financing of Chargemaster plc, the provider of innovative products enabling the practical day to day use of electric vehicles.\n \nEnvestors, which provides a service matching fast growth companies with high net worth investors and family offices, raised £1.5 million in equity funding to enable Chargemaster to expand its sales forces and enhance its dominant market position. \n \nChargemaster has developed an advanced range of electric vehicle charging solutions. With annual revenues in excess of £1 million and with a range of blue chip customers, the company is experiencing growth in worldwide demand for charging points as motor manufacturers develop electric cars and plug in hybrids. Its products are installed on streets, in public car parks, at supermarkets, in office car parks and at people's homes. \n \nCommenting on the investment, Oliver Woolley Managing Director of Envestors, said: \"Chargemaster represented a unique opportunity to invest in infrastructure needed for the future growth of carbon free motoring.\"\n \n\"We are grateful for the help of Envestors in securing £1.5 million in 10 weeks,\" added David Martell, Chief Executive of Chargemaster plc, who previously founded Trafficmaster Plc. \n \nFor further information please visit:\n www.braveheartinvestmentgroup.co.uk\n www.envestors.co.uk\nwww.chargemasterplc.com, \n \nOr contact:\n \n\n\n\n\nBraveheart Investment Group plc\n\n\nSeymour Pierce\n\n\n\n\nGeoffrey Thomson, Chief Executive\n\n\nJohn Cowie (Nominated Adviser)\n\n\n\n\nTel: 01738 587555\n\n\nJeremy Stephenson, Paul Jewell (Corporate Broking)\n\n\n\n\[email protected]\n\n\nTel: 020 7107 8000\n\n\n\n\n \n\n\n\n\n\n\n\nEnvestors Limited\n\n\nMedia inquiries\n\n\n\n\nOliver Woolley, Managing Director \nTel: 020 7240 0202\n\n\nAllerton Communications (for Braveheart)\nPeter Curtain\n\n\n\n\[email protected]\n\n\nTel: 020 3137 2501\[email protected]\n\n\n\n\n&nbs...