Home EV smart charger maker Evnex lands funds to boost Australia expansion

New Zealand EV smart charger manufacturer and software developer Evnex has secured an undisclosed strategic investment from Sydney-based investment manager Adamantem Capital.

The Christchurch-based company said this week it had secured funding from Australian private equity firm Adamantem Capital’s Environmental Opportunities Fund which positions Evnex to expand across Australia and accelerate its product innovation.

“This is a really exciting day for Evnex,” said Ed Harvey, founder and CEO of Evnex.

“This investment will allow us to expand our footprint across Australia, increase manufacturing efficiencies, and drive innovation through new product development.

“We’re marking a decade in business this year and we’re really proud of the reputation we’ve built as we grow New Zealand’s standing as a leading developer of smart charging technology.

“Our mission is to deliver the world’s best home EV charging experience, with the lightest impact on Earth and we’re now in a stronger position to do exactly that.”

Evnex has already installed over 6,000 residential and business EV chargers across both New Zealand and Australia and expects to install an additional 7,000 units over the next year across both countries.

Billed as “Australia’s only EV charger to track your carbon impact”, the Evnex E2 charger is able to show users how clean the grid is before charging and review carbon emissions from charging after each session, all the while charging your car with around 40 kilometres of range per hour.

The E2 is also compatible with solar and is able to utilise excess solar energy to charge, or prioritise solar charging and only top up from the grid when necessary.

Already named as the preferred charging partner for car brands like Volkswagen, Volvo, Skoda, Cupra, Subaru, and LDV in New Zealand, and Polestar in Australia.

Evnex EV chargers are manufactured, locally sourced, and assembled in New Zealand.