Pod Point Group Holdings is being spun off from French energy company EDF, which will retain a majority stake. The company has a significant market position in electric vehicle charging in the UK both for the home and commercial sites.
The UK government is set to end grants for multi-tenancy dwellings, but demand for charging points is set to ramp up. Currently around 2% of vehicles are electric. Battery prices have been falling and by 2030 the figure could be 23%. More than two-thirds of vehicles could be electric by 2040.
Conditional trading started on 4 November and the shares...
