JET Charge has sold its stake in Australia’s largest EV charging network, Chargefox, to the Australian Mobility Clubs (NRMA, RACV, RACQ, RAC, RAA and RACT) through their wholly owned company Australian Motoring Services (AMS).

JET Charge chief Tim Washington co-founded Chargefox with Marty Andrews and Mark Wells (formerly Cogent) in 2017, and it has since become a well-recognised EV charging network in Australia.

Recognising a step-change in Australasia’s EV adoption rate, JET Charge also welcomes the sustainability-focused Kilara Growth Fund to its tightly chosen group of investors, closing out its Series B fundraise of $30M.

Reflecting on Kilara’s investment, Tim Washington says: “Just as our country must accelerate the adoption of EVs to have any hope of hitting our net zero targets, so must JET Charge go on its own sustainability journey to our customers that we walk the talk. Kilara Capital will guide on this road.”

With the sale of Chargefox, and the close-outs of its Series B, JET Charge is now the largest independent EV charging infrastructure specialist in Australia and New Zealand, employing over 110 people and scaling rapidly.

“We’ve always been on a mission to accelerate the uptake of low emissions vehicles by breaking down the barriers to EV charging and I feel like with these two milestones, we’re onto the next phase of that mission,” Tim adds.

“I’d like to thank my Chargefox co-founders Marty and Mark on an incredible adventure, and look forward to seeing Chargfox blossom under AMS’ stewardship.”