# Trojan Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trojan-energy

- Industry: Energy Storage & Batteries
- Headquarters: Aberdeen, UK
- Website: www.trojan.energy
- Total disclosed funding: $4.3M
- Latest round: Seed (Aug 2, 2021)
- Investors on record: 5

## About

Based in Aberdeen, UK, Trojan Energy Ltd specializes in innovative electric vehicle charging solutions, focusing on urban environments to enhance accessibility for drivers without off-street parking.Founded in 2016 in Aberdeen, UK, Trojan Energy Ltd provides electric vehicle charging solutions specifically designed for city dwellers. The company has secured GBP 26 million in funding on January 16, 2024, from investors including Scottish National Investment Bank and Business Growth Fund. This latest funding round brings the total amount raised by the company to GBP 26 million from 5 deals.Trojan Energy specializes in innovative electric vehicle (EV) charging solutions tailored for urban environments, particularly for drivers without access to off-street parking. The company's core offerings include the Trojan Hub and Trojan Home systems, which provide on-street community charging and home-connected charging options respectively. The Trojan Hub is part of a growing network of over 1,500 chargers located throughout London, designed to deliver accessible and user-friendly charging directly at the kerbside. For customers seeking the convenience of home charging without a driveway, the Trojan Home system connects to existing energy supplies, enabling low-cost, flexible charging right outside their residences. The primary users of these services include urban EV drivers, local authorities, and communities in metropolitan areas, particularly in the UK, where the demand for sustainable and convenient EV infrastructure is on the rise.Trojan Energy's revenue model is based on providing charging solutions through direct partnerships with local authorities and direct-to-consumer offerings. The company facilitates transactions through a straightforward plug-and-play charging system, where users employ a portable adaptor to access charging points without the need for complicated apps or log-ins. Charging usage is monitored and automatically invoiced through the adaptor, streamlining the billing process for both residential users and local authorities. This structure allows for seamless integration of their charging solutions into urban infrastructure, with the potential for cost-effective charging rates that can vary depending on the borough. Trojan Energy's innovative approach to on-street and home-connected EV charging is critical in addressing the needs of urban drivers while contributing to the overall growth of sustainable transportation solutions.In January 2024, Trojan Energy Ltd raised GBP 26 million in venture funding to support its expansion across the UK. The company plans to utilize this funding for launching new products and enhancing existing services, aiming to penetrate additional urban markets. Specific details on upcoming products have not been disclosed, but the focus will be on improving accessibility and convenience for electric vehicle users.

## Funding rounds

- Seed, Aug 2, 2021, $3.1M — Equity Gap, SIS Ventures, Scottish Enterprise, Alba Equity
- Seed, Jun 15, 2020, $1.3M — Equity Gap, SIS Ventures, Scottish Investment Bank, Alba Equity

## Investors

- Equity Gap (https://capitalatlas.ai/funds/equity-gap) — Seed
- SIS Ventures (https://capitalatlas.ai/funds/sis-ventures) — Seed
- Scottish Investment Bank — Seed
- Alba Equity (https://capitalatlas.ai/funds/alba-equity) — Seed
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Seed