UK-based EV charging company EVC has secured £165 million from Denham Sustainable Infrastructure (DSI) in a bid to deliver up to 100,000 EV chargepoints by 2027.
DSI, an arm of global energy transition investment firm Denham Capital, will allocate the capital to support the UK’s growing appetite for EVs ahead of the internal combustion engine (ICE) sale ban in force from 2030.
EVC will focus on providing destination chargepoint options to offer convenient methods to charge EVs whilst also integrating seamlessly into local communities. EVC funds and installs EV chargers under long-term contractual lease agreements at areas including hospitality, leisure and retail venues, workplaces and multi-dwelling residential units.
“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,” said Nick Ballamy, CEO of EVC.
“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.”
EVC’sprojects range from individual chargers through to larger EV charging hubs and utilise charging points with a capacity between 22kW and 300kW.
“Our partnership with EVC will help deliver convenient and easy-to-use EV charging infrastructure across the UK. EVC’s leadership combines expertise in energy and grid, large scale infrastructure deployment, customer-focused technology systems as well as property and carpark management. This unique combination offers a holistic and tailored solution for landlords and EV drivers,” said Sarah Lane, director at Denham Sustainable Infrastructure.