GRIDSERVE, a tech-enabled sustainable energy business, has secured an initial £200 million investment from Infracapital, the infrastructure equity investment arm of M&G Plc.
The funds will support the company’s drive to decarbonise transport through electric vehicle infrastructure, along with its mission to deliver sustainable energy on the scale needed to “move the needle” on climate change, the company said.
Specific projects the funds will go towards include GRIDSERVE’S delivery of over 5,000 High Power Chargers by 2025, across both electric super hubs and electric forecourts and the development of its hybrid solar farms to generate and deliver net zero energy for its network.
Toddington Harper, chief executive 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 ESG gives our collective organisations deep-rooted synergies around a shared mission.”
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