The additional funding follows EQT’s acquisition of the business in February 2022 and supports InstaVolt’s plans to be the largest charge point operator (CPO) across all its geographic markets.
Latest Zapmap figures show Hampshire-based InstaVolt has the most rapid/ultra-rapid charge points in the UK and the network – which solely installs ultra-rapid chargers over 100kW+ – now has more than 2,000 chargers in operation or construction. This includes planning approval for a super hub along the A34, which will see 44 ultra-rapid chargers installed.
The business also operates in other European markets including Portugal, Spain, the Republic of Ireland, and also Iceland – where InstaVolt launched an ultra-rapid EV charging hub that’s said to be the largest in June 2023
InstaVolt says its focus will remain on offering first-class amenities and delivering larger hubs.
InstaVolt has plans in place to install 11,000 chargers in the UK and Ireland, 5,000 in Spain and Portugal, and over 300 in Iceland – and says its focus will remain on working with leading, premium brands across Europe to offer first-class amenities and deliver larger hubs.
Adrian Keen, CEO, said: “This additional funding is a sign of confidence in InstaVolt and the EV charging industry as a whole, while showing the ambition to invest in future infrastructure, not just across the UK, but on a global scale.