UK electric vehicle charging firms 'seeking buyers amid rising costs and tough competition'

Mergers and acquisitions will shrink number of operators from more than 100 to five or six, says Be.EV co-founderBritish electric charger companies are asking rivals to buy them as they run out of cash amid rising costs and intense competition, according to industry bosses.A wave of mergers and acquisitions is likely to shrink the number of charge point operators from as many as 150 to a market dominated by five or six players, said Asif Ghafoor, a co-founder of Be.EV, a charging company backed by Octopus Energy. Continue reading...