EV Network has signed £50m investment

Posted 6 August 2020

https://airqualitynews.com/2020/08/11/ev-network-has-signed-50m-investment/

The initial £50m commitment is the first stage of an up to £200m programme of investment which will be provided by clean energy investor Sustainable Development Capital. 

EVN plans to use the initial funding to develop around 100 locations each with multiple ultra-fast EV charge points. 

EVN’s goal is to address the challenges faced by both landlords and charge point operators (CPOs) by rolling out a network of rapid and ultra-fast EV chargers and charging infrastructure in the UK.

Lord Barker, chairman of EVN said: ‘Securing this substantial project-level funding isn’t just great news for EVN and all our stakeholders but a terrific shot in the arm for the whole U.K. electric vehicle sector.

‘This is private sector green recovery at its most promising.’

Reza Shaybani, Co-Founder & CEO of EVN said: ‘I am delighted that we have achieved this important milestone in our company. Our unique business model offers Charge Point Operators (CPOs) a fully funded, turn-key solution to high-powered EV charging. This investment will enable us to contribute massively to the required infrastructure for the green mobility of the future.

‘Public demand for cleaner air, long-term and prudent Government policies alongside the automotive industry’s shift from ICEs to EVs will make the transition towards a cleaner and greener future of mobility possible. I must congratulate our exceptional team for this outstanding achievement, especially in the current economic climate.’

Photo Credit – Pixabay

Latest News

NEC Birmingham set to deliver one of Europe’s largest  EV charging hubs

18 May 2022

NEC Birmingham set to deliver one of Europe’s largest EV charging hubs

The NEC Group and their partner, The EV Network, have been given planning approval for a major electric vehicle charging hub on the NEC Campus in the West Midlands. Once completed, it will be one of the largest EV charging hubs in Europe in terms of number of charge points on one site.

ESB Energy to expand its rapid and ultra-fast charging network across the UK

26 October 2021

ESB Energy to expand its rapid and ultra-fast charging network across the UK

• ESB Energy owns and operates a growing network of 100% renewable fast and rapid chargers across London, Coventry, Birmingham • The partnership with Zood Infrastructure will deliver EV charging sites for high-traffic areas at key locations nationwide

 The EV Network and bp pulse to develop new rapid and ultra-fast charging e-forecourts & hubs across the UK

29 March 2021

The EV Network and bp pulse to develop new rapid and ultra-fast charging e-forecourts & hubs across the UK

The EVN Way...

  • Coverage - We are building a UK-wide networkCoverage - We are building a UK-wide network
  • Speed - 50kW-350kW charging powerSpeed - 50kW-350kW charging power
  • Fully Funded – no upfront CAPEX requirementsFully Funded – no upfront CAPEX requirements

about us

Top