Charge+ Raises US$8 Million to Boost EV Charging Expansion In ASEAN

Charge+, Singapore’s largest EV charging operator with over 2,000 charging points, has completed its “Series A” funding round, raising US$8 million. Led by TRIVE Venture Capital, with TNB Aura spearheading the Series A2 side of this effort.

This funding will accelerate Charge+’s expansion of EV charging infrastructure across Southeast Asia (ASEAN).The International Energy Agency (IEA) recognises the region as a key growth area for EV adoption, with Singapore targeting 60,000 charging points by 2030.

On its own, Charge+ aims to deploy 30,000 charging points globally by then, using its slim, dual-connector Marvel chargers rated at 7.4kW.  In Singapore, Charge+ will install around 4,000 chargers for public housing through a contract with the Land Transport Authority (LTA).

The company is also expanding regionally, building Indonesia's largest EV charging hub in Central Java, partnering with Thailand’s Ch.Pattana, and working with Porsche in Vietnam to create an ultra-fast charging network. In Cambodia, Charge+ will provide infrastructure for the country’s three largest ports.

Additionally, Charge+ has signed roaming agreements with operators like Malaysia’s Tenaga Nasional Berhad (TNB) and ChargeSini, Thailand’s EGAT, and Indonesia’s PT PLN, allowing users to access a broader network of EV chargers.

Chairman Ong Tze Boon highlighted the company’s commitment to accelerating electric mobility in ASEAN, with support from investors like TRIVE and TNB Aura. TNB Aura’s Co-Founder, Vicknesh Pillay, emphasised Charge+’s leadership in sustainable energy and green mobility.