InstaVolt has agreed to sell its Spanish and Portuguese charging operations to Powerdot, redeploying the capital to accelerate growth across its core UK and Ireland markets following a recent £250 million debt refinancing and £40 million equity investment. The deal covers InstaVolt‘s Iberian business operations, charging network, and associated employees, and follows interest from a number of strategic parties. Powerdot, a leading European EV charging provider, will take over the network’s continued development. The move comes shortly after InstaVolt’s acquisition of a major national brand adding more than 228 charging locations to its UK footprint.
Highlights
- InstaVolt entered the Iberian market in 2023 and has since built a charging network across Spain and Portugal.
- The sale follows one of the UK EV charging sector’s largest recent refinancing packages: £250 million in debt facilities and £40 million in new equity.
- InstaVolt recently acquired a major national UK brand with more than 228 locations and over 260 chargers, expanding its network past 1,200 UK sites.
- The company is developing an ultra-rapid charging superhub at Chicklade on the A303 and rolling out next-generation BYD chargers with 240kW charging technology.
Why InstaVolt Is Exiting Iberia
The transaction represents the next phase of InstaVolt’s long-term growth strategy, coming on the heels of its £250 million debt refinancing and £40 million equity investment. That refinancing was backed by shareholder EQT and a consortium of lenders, and the company says the Powerdot sale further strengthens its ability to accelerate investment in the UK and Ireland specifically. The sale also follows InstaVolt’s acquisition of a major national brand with more than 228 locations and over 260 charging devices, a deal the company says reinforces its position as the UK’s leading ultra-rapid charging network.
Since entering Spain and Portugal in 2023, InstaVolt built out a charging network supporting the region’s shift to electric mobility. Under the agreement, Powerdot will continue developing that network, while InstaVolt redeploys the released infrastructure capital toward growth and customer demand in its core markets.
CEO Delvin Lane on the Deal
Delvin Lane, CEO of InstaVolt, said:
“Over the past few years, we have successfully established a high-quality charging network across Spain and Portugal, supported by a dedicated local team and strong partnerships. We are immensely proud of what has been achieved and grateful to everyone who has contributed to building the business. We are confident that Powerdot is exceptionally well placed to continue building on those strong foundations and support the ongoing transition to electric mobility across the Iberian Peninsula.”
“Following our recent refinancing and the significant opportunities emerging in our core markets, we carefully evaluated how best to deploy capital to maximise long-term growth and shareholder value. This agreement enables us to recycle capital into our core UK and Ireland markets, accelerating both organic growth and strategic acquisitions.”
“Our confidence in the market is demonstrated by our recent acquisition of the GeniePoint network and our continued investment in next-generation charging technology, battery energy storage systems and renewable energy generation. These investments will help us further improve reliability, accelerate deployment and continue reducing charging costs for drivers through initiatives such as our market-leading off-peak charging tariffs.”
“This is an incredibly exciting time for the UK electric vehicle market. Record levels of BEV adoption, combined with significant advances in vehicle technology and charging infrastructure, provide enormous opportunities for growth. We are also working closely with a number of leading European and Chinese vehicle manufacturers to create an increasingly integrated and seamless charging experience for EV drivers.”
What Comes Next for the UK Network
InstaVolt says the transaction reflects its continued focus on growth, operational excellence, and charging experience, supported by its recent refinancing. The company remains focused on expanding its network while investing in Battery Energy Storage Systems (BESS) and photovoltaic (PV) generation to support the next phase of EV adoption.
InstaVolt is also continuing to build new flagship charging destinations, including a forthcoming ultra-rapid superhub at Chicklade on the A303, alongside a rollout of next-generation BYD chargers featuring 240kW charging technology across its network. With more than 1,200 UK locations secured and partnerships including McDonald’s, Costa Coffee, Starbucks, British Land, and LondonMetric, InstaVolt continues to position itself as the UK’s leading ultra-rapid charging network.
InstaVolt continues to build out its UK charging footprint, including at sites like this one, as it redirects capital from its Iberian exit toward domestic growth.
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