Connected Kerb has secured a £65 million investment from The National Wealth Fund and Aviva Investors to expand its UK EV charging network from 9,000 to 40,000 sockets by 2024.

Target Overview

Connected Kerb, a UK-based electric vehicle (EV) smart charging infrastructure specialist, has announced a significant equity investment of £65 million to enhance its public EV charging network. This funding will enable the company to expand its number of charging sockets from 9,000 to a target of 40,000 by the end of 2024. The investment comes from The National Wealth Fund (NWF), which has committed £55 million, and Aviva Investors, which has added £10 million.

Industry Overview in the UK

The demand for electric vehicles in the UK has surged, with over 30% of new vehicles sold in December 2024 being pure battery EVs. Despite this growth, there remains a disparity in charging accessibility, particularly in urban areas where approximately 55% of households do not have access to private driveways or garages for charging. The government estimates a need for at least 300,000 public chargers by 2030 to meet this rising demand.

To address these challenges, the UK government is heavily investing in public charging infrastructure. In the previous year, nearly 20,000 public charge points were installed, and an additional £6 billio