British electric charger companies are asking rivals to buy them as they run out of cash amid rising costs and intense competition, according to industry bosses.
A wave of mergers and acquisitions is likely to shrink the number of charge point operators from as many as 150 to a market dominated by five or six players, said Asif Ghafoor, a co-founder of Be.EV, a charging company backed by an investment fund owned by Octopus Energy.
