Connected Kerb, London-based charging infrastructure specialist, has announced it has secured an investment of GBP110 million (USD123 million) from insurance company Aviva. The investment will provide Connected Kerb with the necessary funding to install a planned 190,000 publicly accessible AC chargers in the UK by 2030, comprising a significant part of the UK government’s plan to set up 300,000 public charging stations within the same time-period. The company specialises in overnight public charging stations of 7-22KW, and plans to have installed 4,000 units by the end of 2022.
As part of the agreement, Connected Kerb will also provide charging infrastructure to Aviva’s European real estate portfolio, including over 300 majority owned assets located in the UK. Connected Kerb has stated that the Aviva investment is equivalent to roughly a quarter of the total funding provided by the UK government under the Local Electric Vehicle Infrastructure (LEVI) fund, intended to enable local authorities to develop on-street EV charging infrastructure…
The full article is available to Rho Motion Members on the Membership Platform. If you are not a Member and would like to find out more, click here.
Image credit: Adobe Stock