EO Car Chargers enters administration with all 97 staff made redundant after failed restructuring and fundraising delays
By Eve
UK electric vehicle charging company EO Car Chargers collapsed into administration in April 2026, making all 97 employees redundant, with 25 retained temporarily for wind down operations. The firm, which expanded rapidly through external investment and fleet electrification demand, remained loss making due to heavy spending on international expansion and product development. A 2025 restructuring including a US market exit and £10 million shareholder recapitalisation failed to stabilise the business, as fundraising delays damaged customer confidence and worsened liquidity, leading to a failed sale process before administration.
Why it matters: The collapse of a major UK charging provider signals ongoing consolidation risks in the sector, particularly for firms pursuing aggressive international expansion without achieving profitability. Procurement teams and fleet operators using EO infrastructure may face service continuity issues, while the failed sale process suggests limited investor appetite for distressed charging assets in the current market.