The NWF’s financing, alongside, a further £10m ordinary equity investment from Aviva Investors, the global asset management business of Aviva plc, will support the UK-based charge point operator’s ambitious plans to grow its charging network towards 40,000 sockets, up from the 9,000 already built at the end of 2024.
This substantial investment into the UK’s public charging infrastructure is critical for delivering the forecast requirement of at least 300,000 public EV chargers by 2030.
John Flint, National Wealth Fund CEO, said:
To get to net zero we need to make it as easy as possible for people to change the way they do things. Providing convenient and reliable on-street charging is key to helping those without driveways make the switch to electric vehicles. Our investment in Connected Kerb will support one of the UK’s leading public charge point operators to continue its network expansion and deploy this much-needed EV charging infrastructure at pace and at scale to homes and businesses across the country.
Chris Pateman-Jones, Connected Kerb CEO, said:
This investment combines Connected Kerb’s proven hardware and advanced software infrastructure with the financial resources of NWF and Aviva to deploy public charging at scale, to all corners of the UK. 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. We are delighted to have such high profile investors who deeply aligned with our sustainability and ethical goals.
Angenika Kunne, Head of Infrastructure Equity, Aviva Investors, said:
“We are pleased to extend our relationship with Connected Kerb and to back its continued growth plans. 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. With plans to roll-out an extensive EV charging network , it is well positioned to create infrastructure which can support the adoption of electric vehicles for the mass market. The unique offer of Connected Kerb’s advanced site selection and user software provides a compelling proposition for both Aviva Investors clients and the end user
Future of Roads Minister Lilian Greenwood said:
Our charge point network is going from strength to strength, and it’s brilliant to see Connected Kerb secure a £65m boost to expand its charging network – a great vote of confidence in the EV transition. The funding follows a record of nearly 20k public charge points added last year. With a further £6bn in the pipeline from industry by 2030, the switch to EVs is driving investment across the country, supporting jobs and making the UK a clean energy superpower to deliver our plan for change.
Juliet Davenport, Connected Kerb Chair, said:
We are incredibly proud to receive this substantial investment from the National Wealth Fund and Aviva Investors. This funding will enable us to significantly expand our EV charging network, making electric vehicle charging accessible to everyone, especially those without driveways. This investment not only supports our growth but also aligns with our commitment to reducing carbon emissions and promoting flexible clean energy solutions across the UK.
EV ownership continues to rise fast with over 30% of new vehicles sold last December# being pure battery EVs. However, there's a growing gap between EV ownership where drivers can charge their vehicle on their own driveway or garages and where they cannot, as is the case in 55% of dwellings in urban areas##.
By boosting public charging infrastructure, Connected Kerb's public/private partnership model, enabled by NWF and Aviva Investors, is rebalancing this inequality. The company's chargers are manufactured in the UK, supporting the government's drive for green job creation.
Connected Kerb is on course to become the largest network of public chargers in the UK in 2025, having jumped from 6th to 2nd position### in the last 2 years.
Notes to Editors
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