Electric vehicle charging company EVC has secured up to £165m of capital to roll out around 100,000 charge points across the UK by 2027.

The investment will be used to deliver up to 100,000 EV charge points across the UK by 2027

The investment comes from funds managed by Denham Sustainable Infrastructure (DSI), an arm of global energy transition investment firm Denham Capital, and will help eliminate range anxiety while supporting EVC’s expansion.

The company was founded in 2020 with the sole purpose to provide and install free EV charging points to the residential, commercial and workplace sectors on a global scale.

EVC’s mission is to ‘Make the EV switch simple’, providing crucial infrastructure to meet pent-up demand.

Its core focus is on providing convenient, practical and reliable destination charging options for its growing customer base. EVC funds and installs EV charge points, under long-term contractual lease agreements, at sites such as hospitality, leisure and retail venues, workplaces and multi-dwelling residential units. It also offers a managed service for landlords who want to invest their own capital, undertaking the installation and operating the EV charger on the landlord’s behalf. Projects range from individual chargers through to larger EV charging hubs and utilise charging points with a capacity between 22kW and 300kW.

To date, the company has been funded by Oasthouse Ventures, James Randall, Lucky Gohler and through capital raised in 2022 from high-net-worth individuals. The partnership with Denham Sustainable Infrastructure will propel EVC as it moves to the next phase of its growth, including securing portfolio opportunities with larger landlords.

Nick Ballamy, CEO of EVC, said: “Denham Sustainable Infrastructure’s commitment – one of the largest seen in the UK EV charging infrastructure sector – will turbocharge our ability to provide businesses and customers across the nation with the confidence to make the switch and join the electric vehicle revolution.

“We’re seeing pent-up demand across our markets and this investment will enable us to accelerate delivery to meet those needs. We will deploy our proprietary platform at scale, enabling EV drivers to have easy access to our reliable network. For our clients, this is about retaining business and driving additional footfall to their sites. By providing drivers with the confidence to make the switch to electric, we can help the UK meet its ambitious net zero goals.”

Denham Sustainable Infrastructure said the collaboration would help it become a prominent player in the EV charging infrastructure space.

Sarah Lane, director at DSI, commented: “Our partnership with EVC will help deliver convenient and easy-to-use EV charging infrastructure across the UK. EVC’s leadership combines expertise in energy and grid, large scale infrastructure deployment, customer-focused technology systems as well as property and carpark management. This unique combination offers a holistic and tailored solution for landlords and EV drivers.”