UK: Connected Kerb raises £65m
Specifically, the NWF invested 55 million pounds in the British CPO, while the remaining 10 million pounds came from Aviva. Connected Kerb hopes to expand its EV charging network from 9,000 charging points by the end of 2024 “towards 40,000 sockets,” presumably by 2030, though the company does not specify the timeline in its press release. Nevertheless, the date is likely, as the UK hopes to have 300,000 public EV chargers by 2030 to meet demand.
Connected Kerb says that it is “on course to become the largest network of public chargers in the UK in 2025, having jumped from 6th to 2nd position in the last 2 years.” Moreover, the CPO introduced public smart charging in the UK in 2024, allowing customers to benefit from reduced energy prices between 12 am and 7 am.
“This is a game-changing investment that will give individuals and businesses the confidence to make the switch to driving electric, dramatically reducing carbon emissions and air pollution,” says Chris Pateman-Jones, CEO of Connected Kerb. “We are delighted to have such high-profile investors who are deeply aligned with our sustainability and ethical goals.”
“To get to net zero we need to make it as easy as possible for people to change the way they do things. Providing convenient and reliable on-street charging is key to helping those without driveways make the switch to electric vehicles,” adds John Flint, National Wealth Fund. “Our investment in Connected Kerb will support one of the UK’s leading public charge point operators to continue its network expansion and deploy this much-needed EV charging infrastructure at pace and at scale to homes and businesses across the country.”
This is not the first time that Aviva has financially supported Connected Kerb. The insurance company invested 110 million pounds in the charge point operator in 2022.
“We are pleased to extend our relationship with Connected Kerb and to back its continued growth plans,” says Angenika Kunne, Head of Infrastructure Equity at Aviva Investors. “This is an ambitious company which we believe is leading the way in helping the UK get ready for the future and supporting the transition towards a low-carbon economy. With plans to roll-out an extensive EV charging network , it is well positioned to create infrastructure which can support the adoption of electric vehicles for the mass market.”
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