Char.gy raises 100 million pounds for charging infrastructure across the UK

London-based EV charging company Char.gy has received a 100 million pounds commitment (approximately 118.25 million euros) from the Charging Infrastructure Investment Fund (CIIF), to expand its on-street charging network across the UK in the next five years.  

According to the company, this development will address the needs of over 11 million UK households, approximately 40 per cent of the total, who currently lack access to off-street parking facilities.

Since its inception in 2016, Char.gy claims to have become a key partner for UK councils, helping install public charge points funded by the CIIF, a 420 million pounds public-private fund initiated by the UK Government in 2019 and managed by Zouk Capital.

Char.gy initially invested 6.4 million pounds in 2021, followed by a second round in 2022 totalling 65 million pounds, and now secured a third round, bringing their total investment to 100 million pounds aimed at accelerating EV charging infrastructure deployment nationwide. George Ridd, Partner at Zouk Capital, says: “Zouk’s increased commitment to Char.gy comes at a pivotal time as the EV charging market experiences exponential growth. Collaborating with dedicated partners like Char.gy allows local authorities to provide accessible, reliable charging infrastructure to their residents now and into the future.”

The funds will expedite Char.gy’s deployment of public on-street charging infrastructure across the UK over the next five years. The company plans to expand its current network of over 3,000 charge points to 100,000 by 2030, facilitating the transition for up to 1 million drivers. The current presence of nearly 60,000 public charge points in the UK underscores the scale of Char.gy’s growth plans. John Lewis, Char.gy’s CEO, says: “The latest funding will help us accelerate our ambitious growth plans and will be directed towards the rollout of more charge points across the next five years. We are here to partner with local councils, providing the expertise and scale needed to drive the UK’s green agenda forward.”

Char.gy maintains a network availability exceeding 99 per cent. Since 2018, the company has “consistently delivered robust” on-street EV charging networks. With the capacity to deploy over 500 charge points monthly, Char.gy is accelerating to meet the UK’s anticipated need for 300,000 public chargers by 2030. This expansion aims to reduce reliance on fossil fuels, cutting CO2 emissions and pollutants for cleaner, healthier UK communities.