BluGo, a technology company operating in the electromobility industry, announces that it will implement its strategy from its own resources and through external financing, which will be obtained on preferential terms. The company is not planning to issue any shares this year.
BluGo’s shareholders at the Extraordinary General Meeting decided to change the company’s business profile. It started operating in the electromobility industry, focusing primarily on the market of electric vehicle charging stations in Poland, which, in the opinion of the management board, has a very large development potential.
“We are in the process of preparing a development strategy that is scheduled to be published in the next few weeks. We will implement the strategy from our own resources and through external financing, which we will obtain on preferential terms for us”, comments Paweł Kiciński, member of the management board and a significant shareholder of BluGo.
BluGo plans to create a franchise network of 2,000 stations with access to 2,500 charging points – 1,000 fast charging points and 1,500 basic ones by 2026. The company creates an IT system and a mobile application, which is to increase the efficiency of using the charging stations.
BluGo is a technology company operating in the electromobility industry. Its purpose and mission is to increase access to electronic car charging infrastructure. BluGo creates an IT system and application that increases the efficiency of using charging stations. The company is also developing a franchise model, under which approximately 2,500 charging points are to be built by the end of 2026. BlueGo S.A. (under name change from Yolo S.A.) has been listed on the Warsaw Stock Exchange since 2011.