EVC secures £165m for 100,000 electric vehicle charge points

UK-based electric vehicle charging company EVC has secured £165m from Denham Sustainable Infrastructure to roll out around 100,000 electric vehicle charge points nationally.

Denham Sustainable Infrastructure’s investment is one of the largest into the UK’s growing electric vehicle (EV) charging infrastructure.

The funding will be used to accelerate EVC’s ambition to deliver 100,000 EV charge points across the UK by 2027 and secure portfolio opportunities with larger landlords.

Nick Ballamy, CEO of EVC, said: “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. 

“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 funds and installs EV charge points, under long-term contractual lease agreements, at ‘destinations’. These include hospitality, leisure and retail venues, workplaces and multi-dwelling residential units. 

Ensuring convenient and practical EV charging at their destination means customers, staff and residents no longer need to take time out of their journey to charge on the way, eliminating the so-called ‘range anxiety’ experienced by EV drivers concerned about finding reliable charge points.

Projects range from individual chargers through to larger EV charging hubs and use charging points with a capacity between 22kW and 300kW. 

Scott Mackin, partner and co-head of Denham Sustainable Infrastructure, said: “This investment in EVC is part of our Sustainable Infrastructure strategy to invest globally in businesses that are key to the energy transition. We have a focus on working with strong management teams with an excellent track-record and a platform from which to accelerate growth.” 

Sarah Lane, director at Denham Sustainable Infrastructure, added: “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.”

EVC’s fully funded solutions aim to meet the demands of the EV industry, providing innovative and scalable charging infrastructure alongside charging management software. This includes managing any planning requirements, undertaking the installation and maintenance of each charger. 

For landlords who want to invest their own capital, EVC offers a managed service, whereby EVC undertakes the installation and operates the EV charger on the landlord’s behalf.