Evnex secures investment to drive expansion and innovation

CHRISTCHURCH, Today: New Zealand EV smart charger manufacturer and software developer Evnex is set to expand across Australia and boost product innovation thanks to a strategic investment.

The Christchurch-based company secured funding from Adamantem Capital’s Environmental Opportunities Fund. This fund partners with high-growth organisations that deliver positive environmental impacts.

Evnex Founder and CEO Ed Harvey says the investment will drive growth at a pivotal time as electric vehicle sales rapidly increase. “This is a really exciting day for Evnex,” said Harvey.

“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 installed more than 6,000 home and business chargers across New Zealand and Australia and forecasts an additional 7,000 units to be sold over the next year.

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

The company is the preferred charging partner for brands like Volkswagen, Volvo, Skoda, Cupra, Subaru, and LDV in New Zealand. It also partners with Polestar and Z Energy.

“As our grid is decarbonised with increasing amounts of variable renewable generation, smart technologies that can match demand with times when generation is plentiful become increasingly important.”

Harvey notes that recent power shortage warnings across New Zealand highlight the importance of Evnex’s technology.

“Peak demand usage in New Zealand and Australia is growing as more households move from gas to electric and purchase electric vehicles.”

“Our technology can respond in real-time, shifting charging to off-peak times. This helps to avoid stress on the network and reduces the need for fossil fuels in energy generation.”

Adamantem Capital Managing Director, Rajiv Viswanathan, said: “We are delighted to partner with Ed Harvey and the Evnex team to support the rapid adoption of electric vehicles through cutting-edge smart charging solutions.”

Evnex smart chargers are proudly New Zealand-made, featuring locally-sourced components and assembly.