GRIDSERVE revenues topped £64 million in the 2025 calendar year after they grew 45% year-on-year.
The firm said this shows the strength and scalability of its model and the commercial viability of large-scale public electric vehicle charging in the UK ‘despite a challenging policy environment’.
The network also delivered EBITDA of £26m and a margin of 40%. At a group level, GRIDSERVE delivered EBITDA of £3m, reaching positivity for the first time.
The results come after a period of strategic and operational focus under CEO Daniel Kunkel, who joined GRIDSERVE in March 2025 from Shell and ubitricity.
“This strong set of results demonstrates the commercial strength of our platform at a time when EV adoption and demand are accelerating across the UK,” said Kunkel. “We continue to build a network that drivers trust and rely on, providing a leading customer experience that delivers convenience.
“It’s more important than ever that the EV infrastructure investment is supported by a stable long-term framework from the government. We remain committed to playing our part in supporting this transition, and we are keen to engage with government on how we can collectively accelerate EV adoption, support UK growth, and build the infrastructure the country needs.”
Throughout the year, GRIDSERVE achieved 99% availability throughout its 200 operational sites, it says.
Backed by long-term investors TPG Rise Climate and Infracapital, the firm says it now has a particular focus on charging speed, network resilience and emerging segments such as electric heavy goods vehicles (eHGVs).
In 2025, GRIDSERVE launched the Electric Freightway programme, backed by Department for Transport funding, opening the UK’s first public eHGV charging hubs at Extra Baldock and Moto Exeter.
Further sites are due to open this year as GRIDSERVE builds out the infrastructure needed to decarbonise heavy goods transport.
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Alongside this, GRIDSERVE has been piloting battery storage solutions in partnership with Ameresco, National Highways and Roadchef to maintain consistent high-power charging at grid-constrained locations.
GRIDSERVE also launched Autocharge in 2025, a plug-and-go feature that allows drivers to simply plug in and charge automatically – no cards needed – simplifying the customer experience and driving stronger engagement across the network.
Andy Matthews, chief investment officer at Infracapital, added: “GRIDSERVE’s strong results this year mark a defining moment – not just for the business, but also for EV charging as an asset class. Achieving EBITDA positivity at scale demonstrates how long-term, patient capital can drive commercial returns while addressing a critical national need.
“We remain committed to supporting the management team as it continues building the backbone of the UK’s clean transport network.”
Jamie Gilbert, business unit partner at TPG Rise Climate, commented: “Having seen GRIDSERVE’s momentum firsthand for over five years, we’re encouraged by the business’s growing financial strength and are excited to continue to invest in growing the network.
“These results underscore the increasing demand for reliable, high-quality EV charging infrastructure.”