Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK’s largest EV charging network announces significant funding from EQT Infrastructure

by January 15, 2024
January 15, 2024
UK’s largest EV charging network announces significant funding from EQT Infrastructure

The UK’s largest EV rapid charging network, InstaVolt, announces a significant capital raise from the company’s existing investors, EQT Infrastructure to ensure the pace of its roll out continues across the UK and Europe, including Iceland, Portugal, Spain, and the Republic of Ireland.

Following EQT Infrastructure’s acquisition of the business in February 2022, the additional funding shows confidence from EQT and further support for InstaVolt to become the largest charge point operator in every country it operates in.

2023 was an impressive year for InstaVolt, not only by maintaining its position as the UK’s largest charging network but growing it’s UK footprint to new heights as the InstaVolt network now has more than 2,000 chargers in operation or construction. As part of their pledge to meet customer demand for faster charging, InstaVolt are the only CPO that solely install ultra-rapid chargers over 100kW+.

Focus will remain on working with leading, premium brands across Europe to offer first class amenities, and deliver larger hubs. InstaVolt launched the largest ultra-rapid EV charging hub in Iceland in June 2023, and has planning approval for a super hub along the A34 in Winchester which will see 44 ultra-rapid chargers installed, with accessibility in mind.

InstaVolt has plans in place to install 11,000 chargers in the UK and Ireland, 5,000 across Spain and Portugal,and over 300 in Iceland. With a pipeline of more than 16,000 chargers the Hampshire based company has employed staff in all regions to fulfil its goal to be the largest CPO in Europe.

Adrian Keen, CEO of InstaVolt stated, “This additional funding is a sign of confidence in InstaVolt and the EV charging industry as a whole, while showing the ambition to invest in future infrastructure, not just across the UK, but on a global scale. In the last 18 months with EQT, we have been able to explore considerable new opportunities including the introduction of Octopus and AllStar cards to ease the transition to EV for our customers and fleets. our international expansion as well as developing our hub strategy in the UK and Iceland.

The transition to green vehicles is happening. There are currently more than 975,000 fully electric cars on UK roads, and the ZEV mandate means 80% of all new cars and 70% of new vans sold by 2030 will be electric, rising to 100% by 2035. This will put us well on the road to 10 million electric vehicles within six years’ time. With this latest financial news InstaVolt are in the driver’s seat to deploy the number of chargers needed and invest heavily in installing a future-proofed network internationally.”

Read more:
UK’s largest EV charging network announces significant funding from EQT Infrastructure

0
FacebookTwitterGoogle +Pinterest
previous post
UK companies receive more credit upgrades than downgrades for first time in a decade
next post
Government’s free childcare scheme in disarray, charities say

You may also like

Blue Origin to cut 10% of workforce as...

February 17, 2025

PM pledges loyalty to Reeves as Labour vote...

January 14, 2025

From Traditional to Functional: Dr. Ash’s Medical Journey

May 20, 2025

How AI Is Reinventing Customer Personalisation for Small...

April 22, 2025

SMEs bring forward finance plans in order to...

August 8, 2022

Labour press for Royal Mail and rail nationalisation...

September 27, 2022

How Lev Mazaraki built a successful travel photography...

January 27, 2025

Waracle secures three-year digital transformation partnership with SP...

August 26, 2024

15 ideas for your corporate event

February 14, 2025

Top Review Management Strategies You Need to Focus...

August 19, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump touts administration’s progress on peace deals, says world leaders ‘respect our country again’

      June 27, 2025
    • Venezuelan opposition member details harrowing 400-day captivity at UN

      June 27, 2025
    • Anxious Republicans turn to Trump amid divisions over ‘big, beautiful bill’

      June 27, 2025
    • JD Vance poised to clinch victory for Trump’s landmark bill as GOP finalizes strategy

      June 27, 2025
    • Trump secures record-shattering $1.4B for political war chest, will be ‘dominant force’ for GOP in midterms

      June 27, 2025
    • Fibonacci Retracements: The Key to Identifying True Breakouts

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,841)
    • Stocks (3,175)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved