3 years ago

Gridserve Secures £200 Million Investment to Expand Sustainable Energy Infrastructure

  • Gridserve, a UK-based sustainable energy company, has secured £200 million in funding from Infracapital, the infrastructure equity investment arm of M&G Plc

  • The investment will support Gridserve's plans to expand its Sun-to-Wheel model, which includes generating energy through hybrid solar farms, distributing energy through a national charging network, and accelerating the uptake of electric vehicles

  • Gridserve plans to deliver over 5,000 High Power Chargers by 2025, across both Electric Super Hubs and Electric Forecourts®, and expand its development of hybrid solar farms

  • The investment complements the existing multi-million pound partnership between Gridserve and financial services company, Mitsubishi HC Capital UK Plc and TPG Rise.

      • ProblemEnergy

      "There's a need for a reliable and widespread charging infrastructure for electric vehicles to support the transition to cleaner transportation."

      Solution

      "Gridserve's Sun-to-Wheel model offers a tech-enabled sustainable energy solution by generating energy through hybrid solar farms, distributing energy through a national charging network, and accelerating the uptake of electric vehicles through leasing"

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