What Formula Space does

Formula Space Ltd. is a UK-headquartered, privately held EV charging infrastructure company that delivers complete above-ground environments for charge point operators under a single-source "Create, Deliver, Sustain" methodology. The company is incorporated in the United Kingdom with operational offices in Canterbury (headquarters and in-house Signmark manufacturing), London, New York, Amsterdam, Oslo, and Sydney, serving customers across the UK, mainland Europe, North America, and Asia-Pacific.

The company's product portfolio combines proprietary physical-infrastructure technology with installation and lifecycle services. Core offerings include CableGuard® (a patent-pending cut-resistant and forensic-marked EV cable protection system available in V1, V2, and V3 variants), EZ Block reduced-carbon pre-cast concrete foundations, modular canopy systems with optional solar integration, EV bay marking in epoxy, thermoplastic, and MMA materials, crash protection, CCTV and security systems, dynamic signage and totems, modular buildings, and charger wrapping. These products are complemented by EV consultancy and advisory services covering site strategy, accessibility compliance (PAS 1899), and user-experience design, plus a Sustain managed-services offering for planned and reactive maintenance.

Formula Space generates revenue through three streams: hardware product sales of proprietary and coordinated third-party infrastructure components, professional services for site design and advisory, and recurring managed services for site maintenance and optimisation. The go-to-market is exclusively enterprise B2B direct sales, targeting charge point operators, landowners, developers, and infrastructure investors through tenders, RFPs, and long-term strategic partnerships. Pricing is quote-based and project-specific rather than published on a standard rate card. Named customers include InstaVolt, PoGo Charge, Evyve, Be.EV, Swarco, FOR:EV, Allego, E.ON, Connected Kerb, Raw Charging, MER, and Schroders Capital. The company's first formal charger-OEM partnership was secured with Kempower in June 2025.

Name

Formula Space

Legal name

Formula Space Ltd.

Website

https://www.formula-space.com

Company type

Private

Operating status

Operating

Short description

Formula Space is a UK-headquartered EV charging infrastructure company that delivers complete above-ground charging environments—including proprietary cable protection, foundations, canopies, and signage—to enterprise charge point operators, landowners, and infrastructure investors across the UK, Europe, North America, and Asia-Pacific.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Electrical Equipment Manufacturing (33531), Current-Carrying Wiring Device Manufacturing (335931)

SIC

Electrical Industrial Apparatus (3620)

akta.pro primary industry

EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE)

Keywords

• EV charging infrastructure
• Cable theft protection
• Precast concrete foundations
• EV canopy systems
• Charging site branding

Headquarters

HQ city

Canterbury

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Infrastructure Product Sales: Sale of proprietary products including CableGuard cable protection, EZ Block foundations, canopies, crash protection, signage, and bay marking materials. Products are manufactured in-house or coordinated through supply chain and delivered as single-source packages.
2. Design and Advisory Services: EV consultancy covering site strategy, layouts, branding support, accessibility compliance (PAS 1899), and design services. Includes Create/Deliver/Sustain methodology bringing strategy, design, manufacturing, logistics and lifecycle support.
3. Site Maintenance and Sustain Services: Ongoing asset care including planned and reactive maintenance, upgrades, security, and optimization services to keep charging sites operational, secure and consistent over time.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Formula Space designs, manufactures and delivers complete above-ground infrastructure for EV charging environments, supplying foundations, canopies, bay marking, signage, crash protection, CCTV, modular buildings, and the patent-pending CableGuard® cable protection system through a single-source free-issue delivery model. The company combines proprietary physical products with EV site consultancy, branding and ongoing maintenance under a Create/Deliver/Sustain methodology, targeting charge point operators, landowners, developers, and infrastructure investors.

Product overview

Formula Space is an end-to-end delivery partner for EV charging environments, offering a single-source delivery model that provides complete above-ground infrastructure solutions. The core product portfolio centres on physical infrastructure and protection systems: CableGuard® (EV cable theft protection with forensic traceability), Modular Foundations, Canopy Systems, EZ Block Pre-Cast Foundations, Bay Marking, Crash Protection, CCTV & Security Systems, Totems/Signage, and Modular Buildings. These are complemented by EV Consultancy & Advisory services, Site Maintenance, and Charger Wrapping & Site Branding. The integrated 'Create, Deliver, Sustain' methodology brings strategy, design, manufacturing, logistics and lifecycle support under one roof, allowing charge point operators a single coordinated partner for consistent, compliant charging environments.

Differentiator

Problem solved

Functional benefit

Brands

• CableGuard: Patent-pending EV cable protection system combining cut resistance and forensic traceability to deter theft and protect charger uptime.
• EZ Blocks

Products and services

• CableGuard® Patent-pending EV cable protection system combining cut-resistant sleeving with forensic traceability that uniquely marks tools, vehicles and suspects to deter theft and protect charger uptime; available in V1, V2 and V3 configurations and retrofit-ready.
• EZ Block Pre-Cast Foundations

Quantifiable outcome

• Reduced driver search time by up to 50% with clear wayfinding signage
• +5 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• KempowercoreOEM/ Whitelabel/ Licensing Partner · 12 June 2025First formal OEM partnership for CableGuard. Kempower conducted extensive testing at their factory laboratory to certify CableGuard compatibility with their charger configurations for public charging sites. Approval enables CPOs to implement CableGuard protection with warranty confidence. Fast-tracked collaboration marks first OEM endorsement.
• Be.EVcoreStrategic or Co-development PartnerBe.EV partnered with Formula Space to turn brand ambition into national charging experience, combining design, accessibility, and speed of delivery for recognisable high-performing EV hubs across UK.
• SignmarkcoreImplementation/ SI/ Consulting PartnerIn-house production facility for charger wraps, signage kits and site branding. State-of-the-art on-site printing facilities delivering site branding with speed, accuracy and cost efficiency. Powers Formula Space's in-house manufacturing capability.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rolec Services: Rolec Services is a UK-based manufacturer of EV charging pedestals, accessories, and ancillary site hardware (bollards, signage, lighting). It competes with Formula Space in providing the physical infrastructure elements around EV chargers, particularly to UK installers, landowners, and CPOs.
• Connected Kerb: Connected Kerb is a UK EV charging infrastructure provider focused on kerbside and residential charging deployment. While it focuses more on charging point installation than above-ground furniture, it competes with Formula Space for UK CPO and local authority infrastructure budgets.
• SWARCO: SWARCO provides EV charging infrastructure alongside its core traffic and mobility solutions, including chargers, signage, and roadside equipment. SWARCO appears as both a Formula Space customer (for EV infrastructure delivery) and a competitor in the wider above-ground EV charging space, making it the most directly comparable peer.
• Circontrol: Circontrol is a Spanish manufacturer of EV charging equipment, charging management software, and adjacent infrastructure products. It overlaps with Formula Space in serving European CPOs and offering integrated site solutions that go beyond the charger itself.

Broad incumbents

• Wallbox: Wallbox designs and manufactures EV charging solutions for residential, commercial, and public use, with growing presence in Europe and North America. It competes for CPO and site-owner business where integrated hardware, software, and site services are bundled, partially overlapping with Formula Space's offering.
• EVBox: EVBox manufactures and supplies EV charging hardware and software across Europe and North America. It is comparable as a one-stop EV charging provider serving similar CPOs and site hosts, although its focus is on the charger itself rather than the broader above-ground infrastructure.
• ABB E-mobility: ABB E-mobility is a global supplier of AC and DC EV chargers, depot charging, and adjacent electrification services. It is comparable as a broad infrastructure incumbent that increasingly bundles site-level services alongside its charging hardware, addressing the same CPO customers as Formula Space.
• Schneider Electric (EV Charging): Schneider Electric offers EV charging infrastructure, energy management, and electrical distribution as part of its broader industrial portfolio. It competes with Formula Space as a one-stop infrastructure supplier to large CPOs and site owners, although EV is a sub-segment of its much larger electrical equipment business.
• Ensto: Ensto is a Nordic manufacturer of electrical solutions including EV charging stations and site electrical infrastructure. It is comparable to Formula Space as a broader electrical equipment provider that supplies EV charging hardware and ancillary infrastructure to European CPOs and developers.

Emerging players

• Char.gy: Char.gy is a UK provider of on-street EV charging infrastructure and related site services. It overlaps with Formula Space in serving UK CPOs and managing physical site delivery, though its product emphasis is on the charger and lamp-post integrations rather than full above-ground infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Formula Space