EV charging company char.gy has received a significant commitment increase to £100 million to accelerate the rollout of its on-street charging infrastructure across the UK. The renewed investment from Zouk Capital, in collaboration with the UK Government-anchored Charging Infrastructure Investment Fund (CIIF), aims to bolster char.gy’s network, which currently comprises over 3,000 charge points and is projected to grow to about 100,000 by 2030.
Established in 2019, the CIIF is a public-private fund with a total funding of £420 million, managed by Zouk Capital. The fund’s partnership with the Church underscores a community-focused approach to sustainable transport initiatives.
John Lewis, CEO of char.gy, expressed his enthusiasm for the continued support from Zouk Capital, stating, “We are delighted that with Zouk’s continued support, we will continue to expand our on-street charging network, making EV ownership viable for more individuals reliant on public charging, supporting their transition to sustainable transport.”
Lewis further added, “Our mission is to ensure EV adoption is accessible to everyone, creating parity between those with off-street parking and those without. The latest funding will help us accelerate our ambitious growth plans and will be directed towards the rollout of more charge points across the next five years. We are here to partner with local councils, providing the expertise and scale needed to drive the UK’s green agenda forward.”
In 2021, the CIIF’s previous round of investment allocated £6.4 million to char.gy in the UK. The latest funding injection underscores char.gy’s commitment to expanding the accessibility and reach of EV charging infrastructure in the UK, supporting the country’s broader sustainability goals.
