Connected Kerb has secured an investment of up to £110 million from Aviva Investors to support its plans of delivering 190,000 on-street EV chargers by 2030.
As part of the deal, Connected Kerb will also deliver EV charging infrastructure across the insurer’s pan-European real estate portfolio, which includes more than 300 major owned assets in the UK.
The UK Government plans more than 300,000 chargers by 2030 and Connected Kerb will have installed more than 4,000 chargers in 2022 alone.
Aviva’s investment will also support jobs in the UK where all of Connected Kerb’s chargers are manufactured.
The London-based company is currently planning an expansion into the USA, having recently been selected by the New York City Department of Transport and Newlab to deliver an on-street EV charging pilot projectv in New York that will provide a blueprint for the city to rollout 10,000 on-street chargers by 2030.
Peter Howe, Co-Founder and Chairman of Connected Kerb, said, “Aviva’s investment into Connected Kerb is a vote of confidence in our unique technology and approach from one of the world’s biggest and most recognisable brands.
“The investment, and accompanying expertise from Aviva, will not only supercharge our UK rollout plans, but also lays the groundwork for expansion into other markets across Europe and into the US.”
Sean McLachlan, Senior Director, Infrastructure, at Aviva Investors, said, “The funding we are providing will help to speed up the provision of EV charging to homes and businesses alike, whilst increasing accessibility.
“We also look forward to working with a management team which has market leading experience in building and operating public infrastructure and integrated smart networks, alongside excellent ESG (Environmental, Social and Governance) credentials.”