CONNECTED Kerb, the electric vehicle (EV) infrastructure specialist, has secured an investment of up to £110 million from Aviva Investors, the global asset management business of Aviva plc, to support its plans of delivering 190,000 on-street EV chargers by 2030 to revolutionise access to EV charging for the millions of drivers without off-street parking.
As part of the deal, Connected Kerb will also deliver EV charging infrastructure across the insurer’s pan-European real estate portfolio, which includes over 300 major owned assets in the UK alone – one of the country’s largest portfolios. Connected Kerb’s hardware and expertise will be key to supporting the electrification of this portfolio.
The multi-million-pound investment into UK public charging infrastructure will be critical to delivering the Government’s plan of installing more than 300,000 chargers by 2030. For context, the investment of up to £110 million is equivalent to around a quarter of all the money committed by the UK Government under its flagship Local Electric Vehicle Infrastructure (LEVI) Fund, aimed at helping local authorities fund on-street EV charging projects.
Chris Pateman-Jones, Chief Executive of Connected Kerb, said: “Our partnership with Aviva Investors will turn EV charging on its head. Successfully delivering the benefits of the EV transition to all – regardless of location, wealth, or circumstance – relies entirely on the UK’s ability to deploy convenient and reliable public charging at scale. For many, it has so far been neither.
“This investment combines the proven long-term reliability of Connected Kerb’s infrastructure with the financial resources and expertise of Aviva Investors to deploy charging, at scale, to all corners of the UK, giving individuals and businesses the confidence to make the switch to electric, and dramatically reduce carbon emissions and air pollution – it’s truly game-changing.”
Aviva Investors’ investment into Connected Kerb aims to rebalance the growing gap between EV ownership and public charging infrastructure. Connected Kerb’s growth plans, enabled by Aviva Investors, will also support green jobs in the UK where all of Connected Kerb’s chargers are manufactured, directly supporting the UK Government’s levelling up agenda.
Connected Kerb will have installed over 4,000 chargers in 2022 and the company plans to have 190,000 chargers installed by 2030.
The London-based company is also planning an expansion into the US, having recently been selected by the New York City Department of Transport and Newlab to deliver an on-street EV charging pilot project[v] in New York that will provide a blueprint for the city to rollout 10,000 on-street chargers by 2030, cutting emissions and improving air quality for millions.