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GRIDSERVE, a prominent on-the-go EV charge point operator in the United Kingdom, has successfully raised £100 million in new equity investment from its existing institutional shareholders. This significant capital injection is aimed at strengthening the company’s platform for continued profitable growth and accelerating the expansion of its High Power charging infrastructure across the U.K.’s busiest roadways.
Key Highlights
- New Investment: Secured £100 million in new equity from current shareholders.
- Key Investors: The funding comes from TPG, Infracapital, and Mitsubishi.
- Strategic Goal: The capital will support the accelerated rollout of High Power EV charging infrastructure.
- Market Position: GRIDSERVE operates the most-used public charging network in the U.K.
Shareholder Confidence and Future Growth
The additional investment from TPG, Infracapital, and Mitsubishi underscores their strong confidence in GRIDSERVE’s strategy and its crucial role in the U.K.’s transition to electric vehicles. The company has established itself as a leader in the sector, with over half of all EV drivers who have used public charging in the past year utilizing the GRIDSERVE Electric Highway. This new capital places the company in a robust position to sustain its network growth and build on its reputation for reliability and service.
Roy Williamson, GRIDSERVE Chair, noted that the equity raise signals a “strong vote of confidence in the company’s future growth prospects.” He highlighted the company’s deep EV expertise, which has set an industry standard with 99% uptime and high customer satisfaction.
Daniel Kunkel, GRIDSERVE CEO, added, “I am delighted that the growth in confidence and investment from our shareholders continues to give us the ability to grow our capacity to serve our customers, building on our status as the most used network in the UK.”
The investors echoed this sentiment. Priya Veerapen of Infracapital expressed pride in continuing to support GRIDSERVE as it scales its “innovative and essential charging infrastructure.” Similarly, Jamie Gilbert of TPG Rise Climate and Robert Gordon of Mitsubishi HC Capital UK Plc both reaffirmed their commitment to GRIDSERVE’s mission, citing the company’s leadership in decarbonizing transportation and setting the benchmark for resilient, future-ready EV infrastructure.
About GRIDSERVE
Currently trading profitably, GRIDSERVE operates over 200 locations with 1,500 charging bays, facilitating more than 250,000 charging sessions every month. Through its class-leading Electric Forecourts® and a nationwide network of Super Hubs, the company is dedicated to making the transition to electric vehicles easy and accessible for all drivers. As the U.K. moves toward its ambitious net-zero targets and the 2030 deadline for phasing out new petrol and diesel cars, GRIDSERVE is positioned to lead the charge. The company’s strong strategic partnerships and reputation for reliable, High Power charging enable it to expand its premium EV charging network, giving drivers the confidence to go electric. To learn more about their mission and services, you can visit the official GRIDSERVE website.
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