Antin Infrastructure Partners has invested £250m (€296m) to buy a majority stake in UK electric vehicle (EV) charging-infrastructure company RAW Charging.
Antin’s investment will support the firm’s EV charger installation plan to set up 10,000 charging points in the next three years. Founded in 2018, RAW Charging expects to have over 1,000 operational charging points by the end of 2022.
As part of the deal, Antin team members Rodolphe Brumm and Leonardo Adami will join the board of RAW Charging.
“This new investment signals Antin’s strong commitment to advancing the use of electric vehicles, thus contributing to reducing carbon emissions,” Brumm said.
”We firmly believe that the private sector, alongside the government, will play a key role in realising the UK’s ambitious electric vehicle infrastructure strategy, which includes the aim to reach 300,000 public EV charge points by 2030.”
Antin said the investment, which was made as part of its NextGen strategy announced last year, follows a recent acquisition of a co-controlling stake in Power Dot, a European owner-operator of EV charging infrastructure.
Bruce Galliford, CEO of RAW, said: “Currently, destination EV charging is significantly underserved in the UK. Given Antin’s broad experience and its proven track record in growing and developing its portfolio companies, we are now positioned to implement a robust growth plan by scaling up our project pipeline and establishing RAW as the go-to destination charging infrastructure supplier.”
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