A SCOTS electric vehicle (EV) infrastructure supplier is eyeing up further expansion with a new CFO and a £10m cash boost
FOR EV has appointed Graham Neill as chief financial officer (CFO) as the company hopes to plan more charging points to new locations across the UK.
This comes as the Scotland-based company received an additional investment of £10m from the Scottish National Investment bank (SNIB) in June.
Neill joins FOR EV from his previous role as investment director at N4 Partners with a background in professional services, debt finance and private equity across sectors.
Since the SNIB’s initial equity investment in 2021, FOR EV has attempted to improve electric vehicle infrastructure across the UK both for businesses and the public at large.
The company offers help businesses in their transition to electric fleets through its ‘FOR Fleets’, which covers the upfront costs of installing EV infrastructure for businesses as well as maintenance for a quarterly fee.
FOR EV is also soon to launch its 30th public charging hub in Scotland, which it hopes will aid the Government’s net zero ambitions and the drive to shift the UK to EVs as standard.
Graham Neill, CFO at FOR EV said: “Making this move into the EV sector is a very exciting next step in my career.
“The EV world has grown significantly over the past decade, and this is only set to continue at pace as more fleets and drivers embrace electric vehicles.
“It’s a fast-moving industry and one that supports Government ambition both in Scotland and the UK.
“FOR EV has established a leading market position within the EV sector and is perfectly positioned to lead the pack.
“I look forward to contributing to its growth journey.”
Steve Dunlop, FOR EV’s CEO, said: “Graham joins our team with fantastic knowledge of the financial landscape.
“After several years of growth, we’re now at a pivotal point in FOR EV’s success as we venture the wider market for funding to underpin our next growth stage.
“Graham will be pivotal to realising our aspirations to help even more businesses in their transition towards sustainable EV fleets.”
