Gridserve, an energy supplier, has secured a £200m investment from Infracapital, an infrastructure investment firm, to support the company’s goal of using electric vehicle (EV) facilities to decarbonise transport.
Gridserve intends to further develop the sun-to-wheel model, which involves generating energy through hybrid solar farms, distributing energy through a national charging network of EV hubs and accelerating the uptake of EVs through a vehicle leasing scheme.
Toddington Harper, CEO of Gridserve, said: “Through this investment partnership with Infracapital, we’re excited that our plans can accelerate, and it’s evident we now have the momentum we require.
“They are the perfect partners to join our business as we move to the next level as a company.
“Their commitment to clean tech, infrastructure and environmental, social and governance (ESG) gives our collective organisations deep-rooted synergies around a shared mission.
“Investment in the future of our planet has never been so important and the Intergovernmental Panel on Climate Change’s (IPCC) latest dire warnings solidify the reality that we are in last chance territory and we therefore need to take action as quickly as possible.
“This investment partnership will enable Gridserve to continue to rise to this challenge and deliver maximum impact without delay. “
