Osprey Charging has secured £110m in senior debt facilities from a group of financial institutions to further its growth plans.

The funding from a club of lenders, including Novuna Business Finance, part of Mitsubishi HC Capital UK PLC, Société Générale, Aldermore and the UK government’s National Wealth Fund, will enable Osprey’s rollout of super-fast EV charging hubs at prime locations across the UK.

The company retains strong support from its original equity investors, Cube Infrastructure Fund II and Investec Bank, and said its new relationships with lenders consolidate its position as a leader in scaling high-quality sustainable infrastructure.

Ian Johnston, CEO of Osprey Charging, said: “We’re delighted that financial institutions are supporting the work our fantastic, dedicated team are doing. At Osprey, we build the charging hubs customers want – clean and secure, super-fast, easy to use and easy to pay for. In short, where I would choose to stop and recharge with my family.”

Osprey, a Zapmap-recommended network for the past five years due to its popularity amongst EV drivers, said the next stage of its expansion would continue to target quality over quantity, reflecting a focus on customer service, reliable operations and financial strength.

The EV charging market is seen as a key sector for the National Wealth Fund. Its backing for Osprey’s rapid charging rollout supports government decarbonisation targets by helping to ensure there are enough chargers to inspire confidence and help drivers make the switch to EVs.

John Flint, National Wealth Fund CEO, said: “The successful transition to EVs is key for net zero but this relies heavily on ensuring people can access reliable charging where and when they need it. Our financing for Osprey, one of the UK’s leading charge point operators, will directly support the rollout of thousands of new rapid charge points at public locations across the country, helping drivers to make the switch to electric vehicles and the decarbonisation of transport in the UK.”