CHARGE+ crosses 4,000 EV charging points across Singapore

Deployment was enabled by S$21 million green loan from DBS Bank

MEDIA RELEASE

30 March 2026

(Pictured above from left to right): Koh Xiao Han – COO Charge+; Goh Chee Kiong – CEO Charge+; Ong Tze Boon – Chairman Charge+; Lim Him Chuan – Singapore Country Head, DBS; Chen Ze Ling – Group Head for Corporate and SME Banking, Institutional Banking Group, DBS; and Soh Wee Li – Head of Corporate Banking, Institutional Banking Group, DBS 

SINGAPORE - Charge+ has surpassed 4,000 EV charging points across Singapore, reinforcing Charge+’s position as the largest EV charging company in Singapore. This milestone comes as Singapore steps up EV adoption under the Singapore Green Plan 2030.

Charge+’s growth was supported by a S$21 million green loan from DBS Bank in 2024. Charge+ was the first EV charging company to receive support under the Enterprise Financing Scheme – Green (EFS-Green), and the financing has helped the homegrown company accelerate the rollout of its charging network across Singapore.

Today, Charge+ has achieved a leadership position in the HDB and condominium segments in Singapore, with the highest number of EV charging points in both market segments. It operates more than 2,000 EV charging points across four of Singapore’s five HDB zones, and about 1,700 charging points in about 300 condominiums. It has also expanded its fast charging network across shopping malls, commercial and industrial buildings, with almost all fast chargers rated at 120kW and above, reducing charging times and improving accessibility for EV drivers.

To support EV adoption, Charge+ has also partnered DBS Bank and yuu Rewards Club to offer the biggest long-term loyalty rebates for EV charging in Singapore, with up to 18% cash rebates through the DBS yuu Visa Card or PAssion POSB Debit Card.

In 2024, Charge+ had completed Series A funding round in which Charge+ raised US$8 million equity. With this S$21 million (US$16 million) debt programme with DBS Bank, Charge+ is now in the process of completing Series B funding round in 2026 to raise an additional US$20 million equity. This timely combination of equity and debt will bolster the capital base of Charge+ and help Charge+ achieve its goal of being the leading EV charging company for Southeast Asia. 

Photo of DBS and Charge+ Teams at Charge+ Charging Station

This capital will also support Charge+’s ongoing implementation of an EV charging highway that spans 5,000km across Southeast Asia that includes Singapore, Malaysia, Thailand, Cambodia and Vietnam, the longest EV charging backbone in the region.

Mr. Goh Chee Kiong, CEO of Charge+, said, "We are deeply appreciative of DBS’s commitment to sustainability and confidence in our track record and growth strategies. The green loan has not only supported our business growth but also strengthened our ability to expand critical EV charging infrastructure and contribute to Singapore’s transition towards a greener, all-electric future.”

Mr. Chen Ze Ling, Group Head of Corporate and SME Banking, DBS, said, "Supporting businesses through their growth journeys has long been part of DBS’ DNA, particularly in sectors helping to shape Singapore’s next phase of development. We are proud to have backed Charge+ as a homegrown company scaling in step with the country’s move towards cleaner transport, while building capabilities that can extend beyond Singapore. Its progress shows how local enterprises can help translate national sustainability ambitions into real-world outcomes.”

Mr. Ong Tze Boon, Chairman of Charge+, said, "As a major EV charging company in Southeast Asia, we have a strategic goal to implement 30,000 charging points globally by 2030 so as to catalyse electric mobility in Singapore and the region. We view the green loan from DBS as a turbo-booster to help Charge+ realise our vision of making sustainable mobility truly pervasive throughout the region."

For media inquiries on this press release, please contact:

Jocelyn Tan

Senior Executive, Sales & Marketing

Mobile: (65) 9235 9876

Email: [email protected]

About Charge+

Charge+ is a leading integrated EV charging solution provider serving Southeast Asia, with the mission to catalyse the proliferation of electric mobility in the region. Its suite of integrated solutions includes a proprietary ultra-slim charger, smart charging software and innovative business models.

With more than 5,000 EV charging points across Southeast Asia today, Charge+ is the largest EV charging operator in Singapore and a key player across the region. It aims to operate 30,000 charging points globally by 2030. Charge+ is also uniquely placed as a comprehensive charging operator serving the public housing, condominium, commercial and industrial building segments.

With Singapore as the springboard, Charge+ also operates in Malaysia, Thailand, Vietnam, Indonesia and Cambodia. It is also implementing a 5,000km EV charging highway in Southeast Asia that connects Singapore to Hanoi.

To find out more, please visit www.chargeplus.com