EVC secures funding to deliver 100,000 EV charge points by 2027

Electric vehicle (EV) charging company, EVC, has secured up to £165 million of capital from funds managed by Denham Sustainable Infrastructure (DSI), an arm of global energy transition investment firm, Denham Capital.

The investment will be used to accelerate EVC’s ambition to deliver up to 100,000 EV charge points across the UK by 2027 and secure portfolio opportunities with larger landlords.

EVC funds and installs EV charge points under long-term contractual lease agreements, at ‘destinations’, which include hospitality, leisure and retail venues, workplaces, and multi-dwelling residential units.

Nick Ballamy, chief executive officer of EVC, said: “Denham Sustainable Infrastructure’s commitment – one of the largest seen in the UK EV charging infrastructure sector – will turbocharge our ability to provide businesses and customers across the nation with the confidence to make the switch and join the electric vehicle revolution.

“We’re seeing pent-up demand across our markets and this investment will enable us to accelerate delivery to meet those needs.

“We will deploy our proprietary platform at scale, enabling EV drivers to have easy access to our reliable network.

“For our clients, this is about retaining business and driving additional footfall to their sites. By providing drivers with the confidence to make the switch to electric, we can help the UK meet its ambitious net zero goals.”

Through boosting destination EV charging infrastructure, EVC said it aims to eliminate ‘range anxiety’ experienced by EV drivers concerned about finding reliable charge points.

Projects range from individual chargers through to larger EV charging hubs and utilise charging points with a capacity between 22kW and 300kW.

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