InstaVolt receives £110m funding boost for rapid charging expansion


Rapid electric vehicle (EV) charging provider InstaVolt has announced it has received £110m in senior debt financing from Santander, Lloyds Bank, Investec, Natixis and NIBC to continue its significant expansion of rapid EV charging infrastructure throughout the UK.

This latest funding boost is a commitment InstaVolt’s significant infrastructure expansion and to the wider EV industry, as consumer uptake continues to build ahead of the 2030 government ban sanction on the sale of new petrol and diesel vehicles.

“Having such prestigious banks come together to provide this facility is a sure sign of confidence in InstaVolt and the opportunity provided by the charging infrastructure industry more generally,” said Adrian Keen, InstaVolt’s Chief Executive Officer.

“This funding will form an important part of our strategy to expand our network within the UK and support our country’s continued green transition: a journey which requires organisations and bodies to come together wherever possible.”

As the Society of Motor Manufacturers and Traders (SMMT) announces that electric vehicle ownership in the UK rose by 71% in 2022 YTD versus 2021, and roughly a third of British households not having access to off-street or private driveway charging, demand for public charge points continues to climb.

“InstaVolt has been at the forefront of the growth in public charging infrastructure, providing industry leading levels of reliability at fantastic locations across the country. We are witnessing a rapid transition to electric vehicles, and it is of fundamental importance that the infrastructure is in place to support that,” Keen added.

The funding comes three months after EQT Infrastructure acquired InstaVolt, who share the company’s vision to build a nationwide network of 10,000 rapid EV chargers by 2032.

Recnetly, InstaVolt was rated the UK’s best public charging network by EV drivers for the fourth year in a row in the annual Zap-Map survey, and also awarded the EVIE “Private Sector Infrastructure Strategy of the Year” award for the second year in a row.


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