EO Charging disclosed that it has secured a historic deal as Tesco has awarded the firm a contract to control its UK home delivery fleet of electric vans. EO Charging has earlier inked an arrangement for a business alliance with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is anticipated to result in EO Charging becoming a public company listed on the NASDAQ exchange.
Tesco is intending to have a fully electric delivery vehicle line by the end of 2028. This year, the business has already launched 30 electric vans. The firm is planning to launch 150 more in 2022. The collaboration will make EO take care of end-to-end electrification for Tesco. EO Charging line solutions are already employed by some of the world’s renowned firms in the UK and Europe including Amazon, DHL, Go-Ahead, and Uber which make it the perfect partner for Tesco.
Furthermore, EO is presenting up to 200 AC fast chargers and 5 DC rapid chargers across five sites as part of the first phase of the electrification program. The charging warehouses in Lakeside, Oxford, Glasgow (two sites), and Enfield will work both day-to-day charging needs as well as emergency cover in case of short turn-around times required for vehicles.
In addition, the charging infrastructure of Tesco will be handled by EO Cloud which is a dedicated terminal software that integrates charge planning, site load administration, vehicle telematics consolidation, and energy data to cut infrastructure deployment costs and enhance fuel cost per vehicle.