Pod Point Valued at £10 Million in EDF Acquisition
Deal News | Jun 12, 2025 | Business Cloud
Pod Point, an electric vehicle charging company, was acquired by the French energy giant EDF in a deal valuing the company at approximately £10.6 million, a striking drop from its initial valuation of £350 million when it floated in London in 2021. The company, which has faced financial struggles and reported a significant loss, had its shares suspended in May 2025 when its market capitalization had dropped to £9.54 million. EDF, which has held a majority stake since 2020, intends to provide Pod Point with financial stability and aims to integrate it fully into its group to capitalize on the burgeoning EV market. This acquisition reflects EDF's strategic intent to strengthen its position in electric vehicle infrastructure, with a focus on providing competitive offerings in the market.
Sectors
- Electric Vehicles
- Energy
Geography
- United Kingdom – Pod Point is headquartered in London and was listed on the London Stock Exchange.
- France – EDF, a French multinational energy company, is the acquiring party in this transaction.
Industry
- Electric Vehicles – Pod Point operates within the electric vehicle infrastructure sector, providing charging solutions essential for the growth of electric mobility.
- Energy – EDF, a Paris-based energy company, is expanding its footprint in energy-related sectors, including electric vehicle charging.
Financials
- £10.6 million – Valuation of Pod Point at the time of EDF’s acquisition.
- £350 million – Initial valuation of Pod Point when it floated in London in 2021.
- £20.7 million – Reported loss by Pod Point due to uncovered bad debts and financial struggles.
- £9.54 million – Market capitalization of Pod Point when trading was suspended.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pod Point | Target Company | Company | An electric vehicle charging company acquired by EDF. |
| EDF | Bidding Company | Company | A French multinational energy company acquiring Pod Point. |
| Andy Palmer | Chair of Pod Point | Person | Chairperson of Pod Point who supported its acquisition by EDF. |
| Philippe Commaret | Managing Director at EDF | Person | Managing Director at EDF overseeing the acquisition of Pod Point. |