Syracuse Advisers Invest in Trugo by Teknus
Trugo by Teknus (a Togg company) is the first and only charging operator providing the most widespread high-speed EV charging service in all 81 provinces of Turkey. It offers a charging capacity of 20% to 80% in 30 minutes. It is sustainable, using 100% renewable energy and offers charging stations every 20 to 50km across all 81 Turkish provinces. The service also offers great value to EV customers.
Over recent years there is expected to be fast uptake of EV adoption across Turkey. With the recent entry of Tesla into the market and the launch, in 2023, of Turkey’s own Government-sponsored brand of EVs – the Trumore is also produced by Togg. This puts Teknus in very strong position to further expand it’s Trugo network, even though there a few competitors (ZES and EVBee), the projected sales growth of the EV market in Turkey and the limited number (3700) of existing slow charging services, creates a great demand for new and fast charging services. The rollout of infrastructure needs to be national, fast and well-funded, to establish Trugo as the market leader.
Togg was founded in 2018 as a joint venture between several Turkish companies. The company's headquarters are in Gebze, Kocaeli. Togg already has the backing of the Turkish Government and a number of other investors, including family offices. Both Teknus and its Trugo network are owned by Togg.
Syracuse Advisers have are already part of the consortium who have invested in Teknus. Ozodbek Kamildjanov, CEO of Syracuse Advisers said “We have been looking for fast and sustainable growth companies to invest in and Teknus fits directly into that category. It is an exciting and ambitious company, at the cutting edge of technology, in a sector that has rapid projected growth”.
