Dodona Analytics Ltd, a UK-based electrical car (EV) software program and analytics agency, has formally entered administration, in response to a discover revealed in The Gazette. The firm develops data-driven instruments to assist EV charging operators optimise and scale infrastructure and has beforehand outlined formidable plans for a $3.8 billion (£2.8bn) funding in charging networks by 2030.
Founded in 2018 by Dr Stefan Furlan, Dodona Analytics initially centered on tackling complicated knowledge challenges throughout industries equivalent to insurance coverage and healthcare. In 2020, the corporate pivoted towards the EV sector, co-founded by ‘EV evangelist’ Chris Chamberlain, releasing the primary model of its eMobility platform within the UK in 2021.
The firm expanded to the US in 2023, opening an workplace in New York City and securing Series A funding in 2024 led by Flashpoint Venture Capital and WaVe-X, the enterprise arm of Walter Group.
In 2024, Dodona Analytics secured Series A funding led by Flashpoint Venture Capital, with participation from WaVe-X, the enterprise funding arm of Walter Group.
Dodona’s platform makes use of synthetic intelligence and over 50 knowledge sources to help cost level operators in answering three key questions: “Can they deploy?”, “Should they invest?”, and “Where ought to they begin?”
Despite its rapid growth and high-profile partnerships with companies such as Shell, SSE, and Phillips 66, Dodona Analytics now faces a critical turning point under administration.
Kevin Weir of Small Business Rescue Ltd has been appointed as administrator, according to The Gazette on on February 19, and will now oversee the company’s affairs, including assessing options for restructuring or a potential sale of its assets.
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Stuart Douglas, Former Managing Director at Pogo Charge previously said: “Dodona provides us numerous detailed data on site visitors flows, factors of curiosity, native competitors, in addition to electrical energy availability, and some different factors bespoke for our personal use… it provides us a very fast and simple, not gentle and fast, however a really, very fast evaluation of the location. We’ve acquired lots of if not hundreds of websites that we take a look at yearly.”
Dodona positions itself as an entire cost level planning answer, supporting operators from web site discovery by way of acquisition to set up.
Its platform combines location intelligence, site visitors stream evaluation, competitor evaluation and return-on-investment modelling, aiming to assist cost level operators scale networks with out increasing in-house knowledge science groups. The firm mentioned its purchasers accounted for 21% of latest UK charger installations in 2023.
The Daily Express has contacted the corporate for remark.
https://www.express.co.uk/news/uk/2174436/uk-ev-company-plunges-into-administration