Petalite Limited (In Administration)

Offer Deadline:

Offers Invited

Acquisition Opportunity

Hilco is delighted to offer for sale, on behalf of FRP Advisory, the opportunity to acquire the business and assets of a next generation EV charging company based in Birmingham, UK.

Key Investment Highlights

  • Extensive period in R&D and award of 7 UK Innovation grants
  • Game-changing technology for DC charging that is patented across all key markets
  • Creator of an innovative AC-DC conversion technology (SDC)
  • Architecture enables charge point operators to install 3.5-5.0x more charge points per site compared to the current market leader who estimates 2.5x which reduces driver wait times and maximises revenue generation
  • Strong market momentum driven by accelerating EV adopting and increasing accessibility, creating sustained long-term growth potential
  • Opportunity to acquire core technology which has been substantially de-risked, the market opportunity is expanding rapidly, and the commercial pathway has already been validated by one of the UK’s leading CPOs

Sale Process and Further Information

All expressions of interest and indicative offers are to be directed to Hilco in writing. A Bid Submission Form is available on request.

Terms and Conditions

No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.

Hilco’s full Terms and Conditions apply.

Contacts

Andrew Clarke MRICS

Director

Birmingham Office

+44 (0) 7900 678130

[email protected]