GRIDSERVE, a tech-enabled sustainable energy company, has secured an initial £200 million investment from Infracapital, the infrastructure equity investment arm of M&G Plc, in support of the company’s drive to decarbonise transport through electric vehicle infrastructure and its mission to deliver sustainable energy on the scale required to move the needle on climate change.

The investment accelerates GRIDSERVE’s plans to advance the company’s pioneering Sun-to-Wheel model, which includes generating energy through hybrid solar farms, distributing energy through an award-winning national charging network of Electric Forecourts® and Electric Hubs, and accelerating the adoption of electric vehicles by leasing a wide variety of the newest electric vehicles.

The CEO of GRIDSERVE, Toddington Harper, stated, “Through this investment partnership with Infracapital, we’re excited that our plans can accelerate, and it’s evident we now have the momentum we require. They are the perfect partners to join our business as we move to the next level as a company. Their commitment to clean tech, infrastructure, and ESG gives our collective organisations deep-rooted synergies around a shared mission. Investment in the future of our planet has never been so important and the IPCC’s latest dire warnings solidify the reality that we are in last chance territory, and we therefore need to take action as quickly as possible. This investment partnership will enable GRIDSERVE to continue to rise to this challenge and deliver maximum impact without delay. “

Andy Matthews, Head of Greenfield at Infracapital, stated, “We are delighted to have invested in GRIDSERVE, as part of our ongoing drive to enable positive change and to make a meaningful contribution to the energy transition while delivering value to our investors. GRIDSERVE is leading the charge in the decarbonisation of the UK’s transport system and is led by an experienced management team that has already made great progress in expanding GRIDSERVE’s platform. We look forward to working with the GRIDSERVE team as the business moves into this next phase of growth.”

GRIDSERVE is revolutionizing the EV charging experience and advancing the decarbonization of transportation with its net-zero carbon energy-powered Electric Highway charging network. The GRIDSERVE Electric Highway is a major national public charging network spanning 85% of the UK’s motorway service areas and some of the UK’s busiest retail destinations, and already charges over 100,000 electric vehicles per month.

The investment from Infracapital enables GRIDSERVE to install over 5,000 High Power Chargers throughout Electric Super Hubs and Electric Forecourts® by 2025. Additionally, GRIDSERVE will increase the construction of its hybrid solar farms in order to create and supply net-zero electricity to its network. Each acre of solar farms that GRIDSERVE installs in the United Kingdom can provide enough carbon-free electricity annually to power a modern electric vehicle for nearly one million kilometers. Additionally, GRIDSERVE Car Leasing will continue to expand.

Infracapital’s initial investment complements the ongoing multimillion-pound partnership with financial services firm Mitsubishi HC Capital UK Plc and TPG Rise – TPG’s global impact investing platform, both of which have increased their shareholdings in the company as part of the Infracapital transaction. The investment was backed by top-tier advisors, such as the law firm White & Case and the professional services firm PWC. Nomura Greentech advised GRIDSERVE on its capital raise as its financial advisor. Clifford Chance and RBC Capital Markets advised Infracapital.