THE infrastructure required to maintain the electric vehicle momentum has been boosted by GRIDSERVE receiving a £200m investment from Infracapital.
The injection of capital means the sustainable energy supplier remains on course to deliver 5,000 High Power Chargers across Electric Super Hubs and Electric Forecourts by 2025.
The new investment joins existing partners TPG Rise and Mitsubishi HC Capital UK Plc (owners of broker funder Novuna Vehicle Solutions).
The company says it will accelerate its sun-to-wheel programme:
- Generating energy through hybrid solar farms
- Distributing the energy to Electric Forecourts and Hubs
- Accelerating uptake of EVs through its leasing proposition.
Through this investment partnership with Infracapital, we’re excited that our plans can accelerate, and it’s evident we now have the momentum we require. They are the perfect partners to join our business as we move to the next level as a company. Their commitment to clean tech, infrastructure, and ESG gives our collective organisations deep-rooted synergies around a shared mission. Investment in the future of our planet has never been so important and the IPCC’s latest dire warnings solidify the reality that we are in last chance territory, and we therefore need to take action as quickly as possible. This investment partnership will enable GRIDSERVE to continue to rise to this challenge and deliver maximum impact without delay.
Toddington Harper, GRIDSERVE CEO
Automotive and fleet writer for Broker News
