InstaVolt has secured £250million in committed debt financing to support the continued expansion of its rapid EV charging network across the UK and Ireland.
The refinancing, one of the largest deals of its kind in the charge point operator market, will help accelerate the rollout of InstaVolt’s infrastructure while supporting continued investment in innovative technology, network reliability and the long-term EV driver experience.
The new financing will support the continued expansion of InstaVolt’s market-leading rapid charging network as demand for public EV charging continues to grow across the UK.
The facility was oversubscribed and secured with backing from a consortium of leading lenders including Close Brothers, Investec, KfW IPEX-Bank, Lloyds, National Wealth Fund, NatWest, Rabobank, Santander and Société Générale.
Instavolt's chargers can be found using the Zapmap app, where live status and availability information is available at any time.
Delvin Lane, CEO of InstaVolt, said:
“This refinancing marks a major milestone for InstaVolt and for EV charging infrastructure in the UK. The significant interest and confidence from our lending partners reflects the strength of our network, the quality of our operations and the continued momentum behind the EV market.
“This facility enables us to accelerate our rollout, continue investing in innovative technology and deliver the reliable, high-quality charging experience EV drivers deserve now and into the future.”
The funding provides long-term support for investment in new sites, network maintenance and technologies such as Battery Energy Storage Systems (BESS), helping ensure InstaVolt can continue to meet increasing demand as EV adoption accelerates.
