Gridserve has announced that it has secured a £200m investment to help drive forward its decarbonisation plans and to install more EV charging points.

Equity firm Infracapital is the latest company to partner with Gridserve and follows previous investments from TPG Rise and Mitsubishi HC Capital UK. The £200m boost will support Gridserve's mission to 'deliver sustainable energy on the scale needed to move the needle on climate change', an announcement said.

Gridserve said the cash injection will help to develop its 'sun-to-wheel' model, which encompasses generating energy through hybrid solar farms before distributing it to EV drivers via its network of Electric Forecourts and Electric Hubs.

The firm also said the partnership with Infracapital will allow it to install more than 5,000 'High Power Chargers' by 2025, across its Electric Super Hubs and Electric Forecourts, expand its hybrid solar farms and grow its car leasing service.

Toddington Harper, Gridserve CEO, said: “Through this investment partnership with Infracapital, we’re excited that our plans can accelerate, and it’s evident we now have the momentum we require. They are the perfect partners to join our business as we move to the next level as a company.”

Gridserve’s Electric Highway already makes up 85 per cent of the UK’s motorway service are charging network, and each month it charges over 100,000 electric vehicles. 

Andy Matthews, Head of Greenfield at Infracapital, said: “We are delighted to have invested in Gridserve, as part of our ongoing drive to enable positive change and to make a meaningful contribution to the energy transition while delivering value to our investors.”

£200m cash boost will create more than 5,000 new charge points by 2025