THE sustainable energy supplier GRIDSERVE – which operates the public charging network Electric Highway and its Electric Forecourts – is set to expand business with a new £200m investment.
Ensuring that GRIDSERVE is on track to deliver over 5000 High Power Chargers by 2025, across both Electric Super Hubs and Electric Forecourts, is the announcement of £200m additional funding from Infracapital, the infrastructure equity investment arm of M&G Plc.
It will give greater confidence to SME fleets that are electrifying, sure in the knowledge that the infrastructure will be in place to support drivers out on the road when they require a charger en route.
The money will also be used to further the company’s pioneering Sun-to-Wheel model, which encompasses generating energy through hybrid solar farms, distributing energy through its national charging network and accelerating the uptake of electric vehicles with its leasing offers.
Take A Test Drive, Take A Lease
Drivers can get a taste of electric driving at one of the GRIDSERVE Electric Forecourts in Braintree (above) and Norwich. According to GRIDSERVE, you can test drive the most popular EVs from multiple brands, receive impartial advice, learn about EV charging solutions and explore leasing offers, all in one place.
Andy Matthews, Head of Greenfield at Infracapital, said;
We are delighted to have invested in GRIDSERVE, as part of our ongoing drive to enable positive change and to make a meaningful contribution to the energy transition while delivering value to our investors. GRIDSERVE is leading the charge in the decarbonisation of the UK’s transport system and is led by an experienced management team that has already made great progress in expanding GRIDSERVE’s platform. We look forward to working with the GRIDSERVE team as the business moves into this next phase of growth.
GRIDSERVE says it is already charging more than 100,000 electric vehicles every month particularly through its Electric Highway, a public charging network covering 85% of the UK’s motorway service areas.
The injection of finance will also help expand development of its hybrid solar farms to generate and deliver net zero energy for its network.