Gridserve has secured £100 million in new equity investment from institutional shareholders TPG Rise Climate, Infracapital and Mitsubishi HC Capital UK Plc, aimed at accelerating the rollout of its High Power electric vehicle (EV) charging infrastructure across the UK.
The funding will support the company’s efforts to expand its fast-charging network on the UK’s busiest roads. Gridserve currently operates more than 200 locations with around 1,500 charging bays nationwide. The investment comes as the UK pushes forward with its transition to electric mobility, with demand for reliable and accessible charging infrastructure continuing to grow.
“This equity raise places Gridserve in a robust position to sustain its network growth and signifies a strong vote of confidence in the company’s future growth prospects,” said Roy Williamson, Chair of Gridserve.
While the equity raise is focused on the UK, there was no indication whether the funds will support international expansion. Gridserve launched a separate entity, Gridserve Global, last year with plans to grow beyond the UK, though no developments on that front have been announced.
The investors emphasised their commitment to supporting Gridserve’s growth strategy and the broader decarbonisation of transport in the UK. “This latest investment demonstrates our continued long-term confidence in the company and its focus on meeting the evolving needs of EV drivers across the UK,” said Priya Veerapen, Managing Director at Infracapital.
Gridserve’s charging network includes its Electric Super Hubs and Electric Forecourts, designed to offer high-speed charging for EV users. The company has positioned itself as a leader in UK-based EV infrastructure and was previously integrated into the DKV Mobility network, expanding user access to its services.