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Greek power utility PPC to buy e-mobility startup

Reuters
·1-min read

ATHENS (Reuters) - Greek power utility Public Power Corp. (PPC) said on Tuesday it was buying an e-mobility services startup to help upgrade its expanding network of charging stations for electric vehicles.

The startup, called Carge, has developed a mobile application that allows electric vehicles drivers to find the quickest route to a charging station in Greece.

"Integrating Carge's digital platform - a fully-featured, developed and operational client-focused software - will solve a serious problem electric vehicles users are facing, range anxiety," PPC said in a statement.

PPC now operates some 500 charging stations in Greece, the biggest network in the country, aiming at a total of 10,000 stations by 2025.

The cost of the takeover was not disclosed.

(Reporting by Angeliki Koutantou; Editing by Susan Fenton)