Cameron Barney

View Original

Investments

Cameron Barney advises EV Chargers Ltd on securing a £165m commitment from Denham Sustainable Infrastructure to roll out c.100,000 electric vehicle charge points across the UK 


February 2023

Cameron Barney LLP is pleased to announce that it acted as exclusive financial advisor to EV Chargers Ltd (‘EVC’) in securing a £165m commitment from Denham Sustainable Infrastructure. The investment will be used to accelerate EVC’s ambition to deliver up to 100,000 EV charge points across the UK by 2027 and secure portfolio opportunities with multi-site landlords. 

EVC’s focus is on providing convenient, practical, and reliable ‘destination’ charging options for its customer base. EVC funds and installs EV charge points, under long-term contractual lease agreements, at ‘destinations’ such as hospitality, leisure, and retail venues, workplaces, and multi-dwelling residential units. 

EVC was founded in early 2020 and has attracted a significant number of well-known customers under long-term lease agreements. To date, the Company has been funded by Oasthouse Ventures, James Randall, Lucky Gohler, and through capital raised in 2022 from high-net-worth individuals. The partnership with Denham Sustainable Infrastructure will propel EVC to the next phase of its growth. 

Cameron Barney has worked closely with EVC over an extended period of time leading up to this significant financing commitment. This has included providing support in coordinating an SPV-level capital expenditure facility from Abundance Investment, arranging private investment from a network of high-net-worth individuals, and support in the build-out of the Company’s management team. 

About EVC 

EVC installs fully funded EV charging points to the destination, residential, commercial, and workplace sectors. EVC is striving to fill the gap left by the lack of EV charging infrastructure across the UK, giving individuals and businesses the confidence to make the switch to electric and enabling the government to reach its Net Zero goals. EVC was founded in early 2020 by CEO Nick Ballamy and Oasthouse Ventures with the aim of ‘Making the EV Switch simple’. 

Through the provision of charging facilities for customers, staff, and residents, EVC gives businesses and landlords across the UK the opportunity to join the EV revolution. EVC aims to bring convenience to EV drivers, providing destinations with scalable EV charging infrastructure supplied by renewable energy, to meet today’s needs while futureproofing to meet demand in the years ahead. 

For more information, visit www.evc.co.uk 


About Cameron Barney

Cameron Barney is an independent merchant bank providing financing and M&A advice to fast-growing companies in the ‘infra-tech’ sector.  Cameron Barney is authorised and regulated by the Financial Conduct Authority.

For further information please contact: 

Cameron Barney LLP
Charles Cameron +44 7785 292 019
David Scribner +44 7392 802 624

See this gallery in the original post