The most valuable part of an electric car, it turns out, might not be the battery. It’s the plug, and the predictable, schedulable demand it represents when connected to a grid that is increasingly desperate for flexibility. Electric Miles, a London-based software company founded in 2019, has built a business on that simple, if technically fiddly, premise. It plugs into a fragmented landscape of EV chargers, from home wallboxes to commercial fleet depots, and turns them into a virtual power plant, one charging session at a time.
Its platform, which includes a consumer-facing Smart Charge app and a business-focused suite called emPACT, does two things. It helps drivers and fleet managers charge at the cheapest, greenest times. Then it aggregates all that flexible demand and sells it as a grid-balancing service to UK electricity networks. The company reports it has delivered more than 11,000 half-hourly flexibility dispatches through its SmartFlex platform, working with networks including SP Energy Networks, UK Power Networks, and National Grid Electricity Distribution [transportandenergy.com, 2025]. For a company with just over $1 million in disclosed funding, that’s a lot of grid handshakes.
The flexibility wedge
Electric Miles operates in the narrow but crucial space between the charger and the grid operator. Its core product is interoperability, built on open standards like OCPP, which lets it connect to chargers from various manufacturers. Once connected, the software can delay or speed up charging based on signals from the grid or a user’s preferences for cost or carbon intensity. This aggregated flexibility is what the grid operators pay for, a service known as Demand Side Response (DSR).
The company’s public traction claim of 8 megawatts of secured flexibility capacity and over 11,000 dispatches suggests it has moved beyond pilot projects into repeat commercial service [electricmiles.com, Unknown] [transportandenergy.com, 2025]. Its recent partnership with AMPECO, a white-label charging management platform, is a classic wedge strategy. By embedding its flexibility layer into AMPECO’s system, Electric Miles can reach AMPECO’s UK-based charge point operator clients without having to sell to each one directly [ampeco.com, Unknown].
A founder with grid experience
The company is led by solo founder and CEO Arun Anand, who brings 15 years of experience in the UK energy sector to the problem [electricmiles.com, Unknown]. While the public record is light on specific prior roles, that sector tenure is a relevant credential. Navigating the Byzantine world of UK Distribution Network Operators (DNOs) and their flexibility markets requires patience and specific regulatory knowledge. A founder who speaks the language of kilowatts and grid codes has an advantage over a pure software team trying to break in.
Robin Crowther is listed as Chief Operating Officer, suggesting the early-stage team is building out operational heft as commercial activity grows [Crunchbase, Unknown]. With a reported headcount of 23 employees, the company is operating with the lean team typical of a seed-stage business focused on proving its model [Built In, 2026].
Funding and the path to scale
Electric Miles has raised a total of approximately $1.05 million from a mix of strategic and venture investors, including Vestel, the Low Carbon Innovation Fund, and Blue Lake [CB Insights, Unknown]. A corporate minority round in late 2024 brought in investors like Utilism and Vestel Ventures, indicating strategic interest in its grid-integration capabilities [Tracxn, 2026]. The table below outlines the known investor base.
| Investor | Type | Notable Detail |
|---|---|---|
| Vestel / Vestel Ventures | Corporate Strategic | Turkish electronics/white goods conglomerate. |
| Low Carbon Innovation Fund | VC / Grant | UK-based fund supporting clean tech. |
| Tech Nation Net Zero | Accelerator | UK government-backed net zero program. |
| Utilism | Corporate Strategic | UK energy flexibility specialist. |
| Blue Lake | VC | Early-stage venture capital. |
| Vipul Amin | Angel | Individual investor. |
This funding level is modest for the capital-intensive world of hardware-linked software, but it aligns with a capital-light, API-first approach. The company’s next test will be moving from proving the technical model to scaling the commercial one. This means converting grid service contracts into predictable, recurring revenue and expanding its base of connected chargers exponentially.
The competitive landscape
The field for smart EV charging and vehicle-to-grid (V2G) services is getting crowded, with well-funded players on both sides of the Atlantic. Electric Miles is not alone in seeing the charger as a grid asset. Its competition includes:
- WeaveGrid (US). A heavyweight, backed by over $50 million, focusing on utility and auto OEM partnerships.
- Jedlix (Netherlands). Strong in Europe with a focus on smart charging and flexibility for renewable integration.
- ev.energy (UK). A direct UK competitor with significant venture backing and a strong consumer app.
- Kaluza (UK). The energy tech platform from OVO Energy, offering flexibility services with deep utility integration.
Electric Miles differentiates by being agnostic, aiming to be the connecting layer for any charger brand and any grid operator. Its early-mover advantage with UK DNOs is its most tangible asset. The risks, however, are clear.
- Capital intensity. The sales cycle to utilities is long, and scaling a two-sided network (chargers and grid contracts) requires significant capital. Its $1 million war chest is small for this fight.
- Commoditization risk. The core capability,smart charging scheduling,could become a standard feature offered by charger manufacturers or larger energy management platforms.
- Execution scale. Managing 11,000 dispatches is one thing; managing 11 million while maintaining reliability and customer satisfaction is another.
The company’s answer appears to be partnerships, like the one with AMPECO, and a focus on the specific complexities of the UK grid market. It’s a classic niche-and-expand strategy.
What to watch in the next 12 months
The coming year will be about commercial proof. Key milestones will be a substantive Seed B round to fuel growth, the announcement of a major fleet or charge-point operator as a customer, and a measurable increase in its secured flexibility capacity from the reported 8 megawatts. The partnership channel with AMPECO should start yielding named client wins.
Financially, the model hinges on the arbitrage between the price paid to EV drivers for their flexibility and the price received from the grid. A back-of-the-envelope calculation: if Electric Miles can secure an average of £50 per megawatt-hour for flexibility services and share a portion with the driver, each dispatched megawatt-hour generates gross margin. At 8 MW of capacity, if utilized for just one hour a day, that’s over 2,900 MWh per year. The unit economics only work at massive scale, but the early dispatches prove the mechanism functions.
Electric Miles has carved out a role as a grid intermediary in a noisy market. Its ultimate competitor isn’t just another software startup; it’s inertia. It must beat the default scenario where an EV owner simply plugs in when they get home, oblivious to grid stress, and a fleet manager sees the charger as a cost center, not a revenue asset. The company’s bet is that enough people, and enough grid operators, will start to see the plug differently.
Sources
- [CB Insights, Unknown] Electric Miles Stock Price, Funding, Valuation, Revenue & Financial Statements | https://www.cbinsights.com/company/electric-miles/financials
- [Built In, 2026] Electric Miles Company Profile | https://www.builtin.com/company/electric-miles
- [transportandenergy.com, 2025] Electric Miles delivers 11,000 flexibility dispatches | https://www.transportandenergy.com/2025/01/16/electric-miles-delivers-11000-flexibility-dispatches/
- [electricmiles.com, Unknown] Electric Miles company website | https://electricmiles.com/
- [ampeco.com, Unknown] AMPECO partners with Electric Miles to unlock energy flexibility | https://www.ampeco.com/blog/ampeco-partners-with-electric-miles/
- [Tracxn, 2026] Electric Miles Funding Rounds | https://tracxn.com/d/companies/electric-miles
- [Crunchbase, Unknown] Electric Miles - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/electric-miles
- [chargedevs.com, 2025] Electric Miles works with UK electricity networks | https://chargedevs.com/newswire/electric-miles-works-with-uk-electricity-networks/