This funding will support the company’s plan to establish a nationwide network of ultra-fast charging stations, spaced every 150 kilometers along major national roads.

Each charging station will operate independently of the national power grid, utilizing solar energy and battery storage systems.

This approach aims to provide a reliable charging solution for EV drivers, mitigating concerns related to load-shedding and range anxiety.

The first of these stations was launched in November 2024 in Wolmaransstad, North West Province, featuring six DC fast-charging points and two AC outlets for plug-in hybrids.

Beyond addressing energy challenges, Zero Carbon Charge’s initiative is designed to benefit rural communities.

Landowners hosting the charging stations will receive 5% of the annual electricity revenue, providing a stable income stream.

Additionally, the development of farm stalls and the creation of local jobs around each site are expected to stimulate economic growth in these areas.

The DBSA’s investment aligns with its commitment to supporting sustainable infrastructure projects that contribute to economic development and environmental resilience.

By backing Zero Carbon Charge’s expansion, the bank aims to facilitate the growth of the EV market in South Africa, create employment opportunities, and promote the use of renewable energy sources.

Zero Carbon Charge plans to have the full network of 120 charging stations operational by September 2025, marking a significant step towards a greener transportation future in South Africa.