Electric vehicle (EV) charging company, char.gy, has secured an additional £100 million in funding from Zouk Capital, raising the total investmen to £100 million. This new capital injection aims to accelerate the rollout of char.gy’s on-street charging infrastructure in the UK, growing its network from over 3,000 charge points today to 100,000 by 2030. This aligns with the broader goals of the UK’s Charging Infrastructure Investment Fund (CIIF), a £420 million public-private fund established by the UK Government in 2019 to enhance EV infrastructure. The funds will also support Local Electric Vehicle Infrastructure Fund (LEVI), ensuring equitable public access to charging points, particularly for the 40% of UK households without off-street parking. This initiative fortifies char.gy’s role as a key partner for local authorities striving to meet the UK’s Net Zero 2050 goals.

Electric Vehicle Infrastructure, Private Equity, Public Infrastructure,United Kingdom

https://www.zouk.com/news/38-infrastructure/321-char-gy-secures-100m-funding-commitment-to-expand-uks-on-street-ev-charging-infrastructure