EDF has acquired all remaining shares in London-based Pod Point Group Holdings PLC, making the electric vehicle charging provider a wholly owned subsidiary and delisting it from the London Stock Exchange.
The deal, carried out through EDF Energy Customers Ltd, follows a June buyout offer that was recommended by Pod Point’s board. At that time, EDF already held a 53% stake in the company. The move consolidates EDF’s position in the UK’s EV charging market and supports its broader strategy to accelerate electrification and reduce carbon emissions.
“Pod has been a key player in the EV charging space and as a wholly owned subsidiary of EDF, will be well-positioned to thrive in a rapidly evolving market,” said Philippe Commaret, Managing Director of Customers at EDF in the UK.
Pod Point CEO Melanie Lane said, “Joining the EDF family today marks a new era for Pod and an opportunity for us to build upon our years of collaboration with EDF. We will continue to work closely with our wider ecosystem of partners and customers to deliver on our commitment to help busy households with all their charging needs, while supporting Britain’s electricity grid.”
Pod Point recently launched “Pod Drive”, a subscription plan for home charging that reduces the upfront cost of a Solo 3S charger by more than £1,000 and offers cashback for up to 7,500 smart-charged miles annually. EDF also offers EV-specific energy tariffs such as “Go Electric”, which it says can save customers £316 per year compared with standard rates, with an optional smart charging add-on offering further savings.
The acquisition is expected to accelerate the rollout of Pod Point’s charging solutions across the UK, strengthening EDF’s role in developing the country’s EV infrastructure.