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

Iceland boss urges Sunak to extend free school...

November 2, 2022

US dockworkers end strike after securing six-year, 62%...

October 5, 2024

Getting to know you: Samuel Leach, founder, Samuel...

July 19, 2024

Business development to bottom line: Turning effort into...

October 23, 2024

Smart Wealth Planning Tips for Expats Living in...

December 5, 2024

UK house prices fall for the first time...

November 1, 2022

Households struggling with mortgages ‘might reach 2008 peak...

October 12, 2022

Female founder numbers rise 45% in a decade,...

May 15, 2025

They say size doesn’t matter. They’re lying

May 10, 2024

Marston’s Optimistic for Euros Summer as Profits Surge

May 14, 2024

    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

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • 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