EO Charging has entered administration after an accelerated sale process failed to produce a transaction, marking another blow for the UK EV charging market.
The collapse into administration comes as the firm celebrated its tenth anniversary this year, having evolved over its tenure from a company primarily serving the residential market to a big player in the commercial EV charging infrastructure space.
Back in 2020, EO made waves in the EV charging market with the EO Mini Pro 2. It was marketed as the world’s smallest EV charger and gained notoriety for being less obtrusive than many of the other charging options available at the time. Unfortunately, the charger would be discontinued in 2022 due to smart charging regulations. It was at that time the firm began reconsidering its approach.
Instead of chasing residential EV charger solutions, EO looked to provide EV charging infrastructure, software and maintenance services to customers including supermarkets and UK commercial fleet operators. It believed that the commercial market had much greater scope for growth, especially considering the crowded market that existed in the residential EV charger space.
Unfortunately, the firm needed revenue and it needed it fast as by 2025, it was running out of runway. In November 2025, it sold off its domestic EV charger hardware and manufacturing business to Cogent Technologies, as it sought to focus purely on a platform-led model, It also scaled back an international push that included the US, Australia, New Zealand and Italy.
That wasn’t enough to stem the bleeding, however, so it looked at an accelerated M&A process in January 2026. Things didn’t look good for the firm, however, with administrators PwC noting that the business had remained loss-making despite additional shareholder funding and a successful fundraising round in late 2025.
Ultimately, that’s what has led to the latest development. Following the failure to find a buyer, EO Charging has ultimately collapsed into administration, leaving 69 of the company’s 93 employees without jobs, while the remaining staff have been retained for a short period to help wind down operations and support customers through the transition.
According to Edward Williams from PwC, the outcome is “regrettable,” with the administrators now looking “to assist customers in smoothly transitioning to alternative suppliers with the support of the remaining employees, before winding down the company in an orderly manner and seeking to optimise the value of its assets.”
Not an isolated case
The collapse of EO Charging is part of a wider trend in the green energy market. Just four days earlier, GivEnergy Ltd filed a notice of intention to appoint administrators, which is the first formal step in a potential administration process under UK insolvency law. Then you have other cases, such as the collapse of Petalite and Trojan Energy that showcase broader vulnerability across the green energy market.
That doesn’t mean the market is doomed, however. While there has been a growing trend of firms either going under, or in the case of Trojan Energy, merging with a larger firm, that’s simply because the market is beginning to mature.
While demand for EV charging and energy storage is still there, that demand isn’t capable of sustaining the large number of firms in the space. In the EV charging space alone, there are countless manufacturers of chargepoints to choose from, while there are also a huge number of charging operators. Not all of them can survive – meaning only those with the capital to burn, scale to grow aggressively, and ability to absorb slower-than-expected returns are likely to remain unscathed. Meanwhile, smaller players in the market may find themselves squeezed out.
