Connected Kerb, a leading UK charge point operator (CPO), has secured £65 million in funding to accelerate the growth of its electric vehicle (EV) charging infrastructure. The investment is being provided by the National Wealth Fund (NWF) and Aviva Investors, with £55 million coming from the NWF and £10 million from Aviva.
The company plans to significantly expand its network of EV charging points, aiming to increase the number of charging sockets from 9,000 by the end of 2024 to approximately 40,000 by 2030. While the exact timeline remains unspecified, the ambitious goal is in line with the UK’s broader target of establishing 300,000 public EV chargers by 2030.
See also: Connected Kerb to Implement Smart Charging Across UK Network
“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,” said Chris Pateman-Jones, CEO of Connected Kerb.
The expansion of Connected Kerb’s network will position the company to become the largest public EV charging network in the UK by 2025, as it has already moved from sixth to second place over the last two years. The CPO also launched public smart charging in 2024, which allows users to benefit from reduced energy prices during off-peak hours between midnight and 7 a.m.
John Flint, CEO of the National Wealth Fund, highlighted the importance of providing accessible and reliable charging infrastructure, especially for individuals without driveways. “To get to net zero, we need to make it as easy as possible for people to change the way they do things,” Flint said. “Providing convenient and reliable on-street charging is key to helping those without driveways make the switch to electric vehicles.”
See also: Connected Kerb to Double Electric Vehicle Chargers in North East England
This funding marks another significant step in the ongoing partnership between Connected Kerb and Aviva. In 2022, Aviva Investors had already committed £110 million to the CPO. “We are pleased to extend our relationship with Connected Kerb and to back its continued growth plans,” said 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.”