Chargemaster, a provider of electric vehicle charging points, is planning to float on the stock market to capitalise on the shift towards more environmentally friendly cars.
It is hoping to raise funds for expansion by listing on London's Alternative Investment Market (Aim) in July.
The chief executive, David Martell, said the move would be "a significant step forward in the company's development" and would help to meet the growing demand for electric car charging infrastructure in the UK and across Europe.
"This demand is being driven by automotive manufacturers producing a growing range of new plug-in cars required to meet regulatory emission targets, the UK's government's recent commitment to provide £37m of funding for charging infrastructure, as well as other governments' commitment to encouraging the uptake of environmentally cleaner vehicles," he said.
Chargemaster is based in Luton and designs, manufactures and markets charging points for domestic, commercial and public use. It also supplies software, installation and maintenance services.
The company said that annual demand for charging infrastructure was forecast to reach $1bn (£672m) by 2021, with regulatory changes driving the market.
In the UK and Europe, car manufacturers have been increasing the range of plug-in vehicles to help meet more stringent emissions targets.
In January, the European commission announced a target of 795,000 charging points installed by 2020, at an estimated total cost of €8bn (£6.9bn) across the European Union.
The UK has a target of 122,000 charging points to be installed over the period.
The UK government is subsidising up to 75% of the cost of a new domestic charging point and supporting the rollout of a national network of rapid charge stations, workplace charging units and a network of charging stations located in railways stations.
Chargemaster was formed in 2008 and has supplied more than 6,000 charging points to energy providers, car manufacturers, government agencies, local government bodies and retail organisations.
The company supplied over 2,800 charging points in the year to 31 December 2012, generating revenues of £3.6m and a gross profit of £1.24m.
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