AN ELECTRIC vehicle charging firm based in Chineham has been named as ‘one to watch’ by experts in the clean energy industry.

InstaVolt, which installs, operates and maintains rapid electric vehicle chargers across the United Kingdom, features in the 2017 Global Cleantech 100 Ones to Watch list, produced by Cleantech Group and published on Tuesday last week.

The list highlights companies that are catching the eye of investors and corporates in the market and InstaVolt attracted the judges’ attention having secured £12m investment from cleantech private equity specialists Zouk Capital, together with signing a multi-million pound deal with US giant ChargePoint in the last 12 months.

Tim Payne, Instavolt chief executive officer, said: “Our strategy has been to not only build the UK’s most comprehensive rapid charge network but also to contribute to the general conversation about the transition to electrification, so we’re delighted to be considered as one to watch. We’re determined to challenge the status quo when it comes to electric vehicle charging so we wear the badge of ‘disruptive company’ with pride.”

This year, a record number of nominations for the annual Global Cleantech 100 list were received: 12,300 distinct companies from 61 countries.

These companies were weighted and scored to create a shortlist of 312 companies, with these nominees reviewed by the 86 members of Cleantech Group’s Expert Panel.

The Ones to Watch list, a sister list to the annual Global Cleantech 100 list, is created from the top 250 of the shortlist.

To qualify for either list, companies must be independent, for-profit clean tech companies that are not listed on any major stock exchange.