Gridserve receives GBP200m investment from Infracapital

United Kingdom-based sustainable energy company Gridserve has received an initial GBP200m investment from Infracapital, British investment manager M&G's infrastructure equity investment unit.

The investment is claimed to expedite the company's plans to further its 'Sun-to-Wheel' model that includes generating energy via hybrid solar farms, distributing energy through a national charging network of Electric Forecourts and Electric Hubs, and expediting the uptake of electric vehicles (EVs) with leasing a wide range of the latest plug-in cars.

Infracapital's investment is intended to allow Gridserve to deliver over 5,000 high power chargers by 2025, across both its Electric Super Hubs and Electric Forecourts. It will also expand development of its hybrid solar farms to generate and deliver net zero energy for its network.

The investment was supported by top level advisors, which includes legal firm, White and Case and professional services organisation, PWC. The financial advisor to Gridserve for the capital raise was Nomura Greentech, while Infracapital were advised by RBC Capital Markets, and Clifford Chance.