Buckinghamshire, England-based GRIDSERVE, an EV charging provider, has secured £100M (approximately €115M) in new equity investment from its institutional shareholders.
The round was backed by TPG, Infracapital, and Mitsubishi, joining GRIDSERVE’s existing debt facilities.
TPG is a global alternative asset management firm with $251B of assets under management. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions.
Jamie Gilbert, Business Unit Partner, TPG Rise Climate, says, “GRIDSERVE continues to offer a differentiated EV charging experience, led by quality, convenience, and reliability. This additional investment from TPG Rise Climate underscores our shared commitment to leading the decarbonisation of transportation in the UK by harnessing renewable energy and distributing it across a scaled national charging network of Electric Forecourts and Electric Super Hubs. We look forward to supporting GRIDSERVE’s next phase of growth.”
The company will use the funds to accelerate the rollout of high-power charging infrastructure across the UK’s busiest roads.
Daniel Kunkel, CEO, says, “I am delighted that the growth in confidence and investment from our shareholders continues to give us the ability to grow our capacity to serve our customers, building on our status as the most used network in the UK. Our exceptional 5-star rated customer experience sets the industry standard for satisfaction and service excellence, while our strong strategic partnerships with leading locations provide a base for the further strengthening of our platform for growth, which comes at a critical moment in the energy transition.”
The announcement comes as a survey by Zapmap reveals that half of EV drivers who used public chargers in 2024 used a GRIDSERVE charger.
GRIDSERVE: Making EVs easier and accessible
Led by Daniel Kunkel, GRIDSERVE focuses on electric vehicle charging and sustainable energy, aiming to make EV use easier for everyone.
GRIDSERVE provides high-power EV charging along the GRIDSERVE Electric Highway through Electric Forecourts and Electric Super Hubs on UK motorways, as well as Electric Retail Hubs at popular shopping sites, all powered by renewable energy.
Roy Williamson, GRIDSERVE Chair, says, “This equity raise places GRIDSERVE in a robust position to sustain its network growth and signifies a strong vote of confidence in the company’s future growth prospects. GRIDSERVE’s deep EV expertise sets the industry standard with a reliable 99% uptime, customer satisfaction, and service excellence, while we are further strengthening strategic partnerships with leading locations.”
