The company reports on agreements with Nisco Group via its wholly owned subsidiary to purchase electric vehicle charging systems

Dovi ben Gedalyahu   13:35

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Supergas Energy, controlled by Elco Group, is entering the electric vehicle charging market. The company reported today (Sunday) on agreements via its wholly owned subsidiary with Nisco Group to purchase electric vehicle charging systems which  inter alia include charging stations and centralized charge management systems produced by “Green Motion.” It further reported cooperation and marketing of these systems, and will examine additional options for business collaborations between the two companies.

Nisco imports, produces and markets a wide range of products in the field of electrical devices and lighting, and represents the Swiss “Green Motion” company in Israel. The agreement calls for Supergas Energy liaising with potential clients through entrepreneurial agreements to carry out system setup projects for clients, including management, charging and sales of the electricity in the systems. Nisco will provide Supergas Energy with the systems and additional relevant services.

The Nisco liaison and additional steps taken by Supergas Energy allow it to shape solutions to challenges anticipated in the coming years through linked smart charging management systems. Despite the current limited electrical infrastructures, Supergas Energy solutions will make safe efficient charging possible for a fleet of vehicles in both private saturated construction and office, commercial and industrial buildings.

In June 2020 Supergas completed its first IPO, raising some NIS. 270 million. In July 2020 it issued bonds raising some NIS. 206 million.

It is noteworthy that recharging is currently drawing some of the largest corporations in the field of energy and transportation in Israel, among them large scale fuel companies and vehicle importers.