Brisbane-based fast charger manufacturer Tritium has opened a new office in Singapore with the hopes of supporting expansion into the Asia Pacific and Middle East electric vehicle markets and create a local presence in Asia.
“The region has been very proactive in incentivising uptake of electric vehicles,” said Jane Hunter, CEO of Tritium, noting an EV early adoption incentive in Singapore and more initiatives in Thailand.
“These are just two examples of a region-wide push to transition to electric vehicles, and we’re seeing an increased interest in the installation of publicly-available charging infrastructure as a result.”
The opening of a Singaporean office comes a month after Tritium announced a $A40 million private placement by Cigna Investments, the investment arm of Cigna Corporation, a US-based global health services company.
The proceeds from the private placement are being committed to scaling the company’s global operations including production, sales, and administrative support.
Tritium is also planning a listing on New York-based NASDAQ stock exchange which is expected to inject a further $A520 million into the company’s expansion plans.
Tritium’s new Singapore office will be led by Ravi Vaidya, who was recently appointed to the role of Vice President of Sales, APAC and the Middle East.
“Singapore is the gateway to Asia, and as we look to break into those markets and assist them in deploying fast charging infrastructure, Singapore makes sense as a regional foothold for us,” he said.
“Tritium’s chargers are perfectly suited to withstand APAC and Middle Eastern environments. They’re tested and built to withstand dust, wind, humidity, extreme heat and any other environmental condition, and this is what these unique markets need as they transition to electric vehicles.”