Connected Kerb secures £65m to boost UK EV charging
31/01/2025
The National Wealth Fund (NWF) joins forces with Aviva Investors to back Connected Kerb's ambitious plans to expand its UK EV charging network towards 40,000 sockets, up from the 9,000 already built at the end of 2024.
Connected Kerb, the British born and based electric vehicle (EV) smart charging infrastructure specialist has announced it has secured a £65 million equity investment to support its plans of expanding the UK's on-street EV charging network.
The fundraise sees NWF commit a £55 million ordinary equity investment alongside a further £10 million ordinary equity investment from Aviva Investors, the global asset management business of Aviva plc.
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.
Chris Pateman-Jones, CEO of Connected Kerb, 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 are deeply aligned with our sustainability and ethical goals.”
John Flint, chief executive of the National Wealth Fund, 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.''
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.''
Juliet Davenport, chair of Connected Kerb 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 flexibly clean energy solutions across the UK.”
The fundraise sees NWF commit a £55 million ordinary equity investment alongside a further £10 million ordinary equity investment from Aviva Investors, the global asset management business of Aviva plc.
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.
Chris Pateman-Jones, CEO of Connected Kerb, 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 are deeply aligned with our sustainability and ethical goals.”
John Flint, chief executive of the National Wealth Fund, 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.''
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.''
Juliet Davenport, chair of Connected Kerb 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 flexibly clean energy solutions across the UK.”