DBSA invests R100m into EV charging station company

The Development Bank of Southern Africa (DBSA) has made a R100-million equity investment into electric vehicle (EV) charging station company CHARGE, which aims to develop a network of ultra-fast charging stations along South Africa’s national roads. The company opened its first off-grid charging service station late last year in Wolmaransstad, in the North West province, and is aspiring to develop 120 solar-powered charging stations on the country’s major highways at 150-km intervals.