Connected Kerb has secured £65 million in equity funding from The National Wealth Fund and Aviva Investors to accelerate the expansion of the UK's EV public charging network.

Target Overview

Connected Kerb, a UK-based company specializing in electric vehicle (EV) smart charging infrastructure, has announced the successful acquisition of £65 million in equity investment aimed at expanding its network of public EV charging points. This investment will support the ambitious goal of increasing the number of charging sockets from 9,000, as of the end of 2024, to 40,000, thereby significantly enhancing public charging accessibility for electric vehicle users across the UK.

Industry Overview in the UK

The UK's electric vehicle market has shown robust growth, reflecting a wider global transition towards sustainable transportation. Recent statistics indicate that over 30% of all new vehicles sold in December 2024 were pure battery electric vehicles, underscoring the rising demand for EV adoption. However, a significant challenge remains as approximately 55% of urban dwellings lack access to private charging facilities, highlighting the urgent need for improved public charging infrastructure.

The UK government is heavily investing in the EV infrastructure sector with projections estimating that at least 300,000 public EV chargers will be requir