Climate: Gridserve, EV charging infrastructure

Gridserve is a UK-based EV charging infrastructure business held in our Cycle 2 Infrastructure portfolio targeting 315 sites by 2024 and with a long-term aim of installing an EV charger within 5km of 80% of the UK’s population. The business has strong Net-Zero alignment through enabling the decarbonisation of the transport sector through its end-to-end EV charging eco-system, developing and operating electric vehicle charging networks powered by solar energy and batteries.

Gridserve have a dedicated sustainability manager and ESG committee, which aims to integrate sustainability considerations throughout the business’ operations. During 2023, Gridserve raised over half a billion pounds in green financing to accelerate expansion of its EV charging network. This represents a significant milestone for the business and the largest debt raise to date globally for a privately-owned chargepoint operator.

At the time of publication (May 2024) Danone were held in our Infrastructure – Cycle 2 portfolio.