Investec Power & Infrastructure Finance supports InstaVolt's accelerated EV charging network roll-out through £110m of senior debt facilities
Pursuant to EQT's acquisition of InstaVolt early this year and to support the company's vision to build a nationwide network of 10,000 EV rapid chargers across the UK by 2032, Investec along with a group of leading UK and European banks provided £110m of senior debt facilities to InstaVolt. This transaction is a first of its kind for a public, EV charging network provider.
Adrian Keen, InstaVolt’s Chief Executive Officer, commented, “Having such prestigious banks come together to provide this facility is a sure sign of confidence in InstaVolt and the opportunity provided by the charging infrastructure industry more generally. This funding will form an important part of our strategy to expand our network within the UK and support our country’s continued green transition: a journey which requires organisations and bodies to come together wherever possible. InstaVolt has been at the forefront of the growth in public charging infrastructure, providing industry-leading levels of reliability at fantastic locations across the country. We are witnessing a rapid transition to electric vehicles, and it is of fundamental importance that the infrastructure is in place to support that”.
InstaVolt is the leading, independent, EV charging company in the UK. The Company is focused on public rapid and ultra-rapid charge-points, which constitute mission-critical infrastructure for the UK Government and is fundamental to realise the UK’s energy transition ambitions. InstaVolt is owned by EQT Infrastructure, part of EQT, a purpose-driven global investment organization focused on active ownership strategies. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.