JET Charge gets smart with electric vehicles
Transforming the grid with tailored EV charging solutions
JET Charge is leading the Australian market with its smart charging infrastructure and technology. The company, which is working to become a global leader in electric vehicle charging infrastructure integration, is developing technologies that can intelligently balance EV charging needs with supportive storage capacity for evolving electricity grids.
$9.5m
CEFC investment
Smarter
chargers
Supporting
EV uptake
JET Charge is in a unique position to ensure that Australia and New Zealand are ready for the mass adoption of EVs. We have grown from a business that digs trenches and installs cables, to become the market leader in EV charging infrastructure and technology, and a company that is shaping the industry by solving challenges for business, governments and EV owners.Tim WashingtonCo-founder and CEO, JET Charge
Our investment
JET Charge is a leader in the exciting electric vehicle and infrastructure sector. The company was created in 2013 to supply and install electric vehicle chargers to support and accelerate the growth of EV sales in Australia.
JET Charge has since grown to be Australia’s market leader, with a growing presence in New Zealand.
With a team of about 170 employees, it offers full vertical integration for EV Charging – from energy management to smart charging for Australian companies and consumers.
The Australian Financial Review named JET Charge in its Fast 100 list for 2023, which recognises the fastest growing parts of the Australian economy.
The CEFC has committed up to $9.5 million to help accelerate the growth of JET Charge and was part of the company’s successful $25 million Series B funding round. Virescent Ventures manages the JET Charge investment on behalf of the CEFC.
our impact
JET Charge is forecasting sales of new EVs will increase from two per cent of new vehicles sold in Australia in 2021 to more than 50 per cent by 2030.
JET Charge is continuing to expand and develop a skilled workforce that is creating and implementing new technology to make EV charging easier to own and use. The company is investing in research and development to remain at the forefront of innovation in the sector and is also working with utility partners to make EVs an asset for the grid, solving electricity generation and demand issues by harnessing EV battery storage potential.
Creating infrastructure
JET Charge has secured contracts and is involved in EV charging pilot projects across Australia including:
- Partnering with Team Global Express to provide state-of-the-art charging solutions for the freight and logistics company’s fleet of electric delivery vehicles. Separately, CEFC finance is helping accelerate the rollout of Team Global Express electric vehicles.
- The rollout of 98 chargers across 5,300 km in Western Australia to support Australia’s longest EV Highway
- Charging infrastructure for Elizabeth Quay Bus Station, making the station the first in Western Australia capable of supporting electric buses
- Deploying its CORE energy management system as part of the Rocland EV Smart Charging Trials in Barossa Valley, South Australia.
Smart charging benefits
As more Australians access rooftop solar, the deployment of JET Charge technology can help ensure that electric vehicles are charging at times when renewable energy entering the grid is at its highest levels. The JET Charge smart charging technology can also help ensure that electric vehicle charging occurs when the electricity grid is best able to support it.
JET Charge sees the potential for effectively free EV charging by combining smart charging, demand response, ancillary services and vehicle-to-grid technology. It aims to accelerate the reduction of transport emissions through enabling the use of cheaper, cleaner power.
