Connected Kerb, the electric vehicle (EV) infrastructure specialist, has secured investment of up to £110m from Aviva Investors.
The investment will support the London-based startup’s plans to deliver 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.
Chris Pateman-Jones, CEO 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.”
Peter Howe, co-founder and chairman of Connected Kerb, added: “Aviva’s investment into Connected Kerb is a vote of confidence in our unique technology and approach from one of the world’s biggest and most recognisable brands.
“The investment, and accompanying expertise from Aviva, will not only supercharge our UK rollout plans, but also lays the groundwork for expansion into other markets across Europe and into the US.”
Sean McLachlan, senior director, infrastructure, at Aviva Investors, added: “We are pleased to support Connected Kerb’s ambitious rollout of EV charging infrastructure across the UK, a sector at the heart of the transition towards a low carbon future.
“The funding we are providing will help to speed up the provision of EV charging to homes and businesses alike, whilst increasing accessibility. We also look forward to working with a management team which has market leading experience in building and operating public infrastructure and integrated smart networks, alongside excellent ESG credentials.”
Connected Kerb will have installed over 4,000 chargers in 2022 alone 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 in New York.