Osprey Charging’s plan to accelerate the roll out of super-fast EV charging hubs at prime locations across the UK has been backed by a group of financial institutions.
The club of lenders – Novuna Business Finance, Société Générale, Aldermore and the UK Government’s National Wealth Fund – have provided £110m in senior debt facilities.
Osprey, which has a public EV charging network of 1,400 rapid and ultra-rapid charge points at 380 locations, also retains strong support from its original equity investors, Cube Infrastructure Fund II and Investec Bank.
The firm provides infrastructure in a range of locations from local sites to large hubs on the UK’s major roads.
It also funds, installs and manages this network in partnership with landlord partners and on its own land.
In this next stage of deployment, Osprey will continue to target quality over quantity, reflecting a focus on customer service, reliable operations, and financial strength.
Ian Johnston, CEO of Osprey Charging, said, “We’re delighted that financial institutions are supporting the work our fantastic, dedicated team are doing.
“At Osprey, we build the charging hubs customers want – clean and secure, super-fast, easy to use and easy to pay for.”
John Flint, National Wealth Fund CEO, said, “The successful transition to EVs is key for net zero but this relies heavily on ensuring people can access reliable charging where and when they need it.
“Our financing for Osprey, one of the UK’s leading charge point operators, will directly support the roll out of thousands of new rapid charge points at public locations across the country, helping drivers to make the switch to electric vehicles and the decarbonisation of transport in the UK.”
