InstaVolt says the funding will ensure the pace of its roll out continues across the UK and Europe, including Iceland, Portugal, Spain, and the Republic of Ireland.
Following EQT Infrastructure’s acquisition of the business in February 2022, the additional funding shows confidence from EQT and further support for InstaVolt to become the largest charge point operator in every country it operates in.
2023 was an impressive year for InstaVolt, not only by maintaining its position as the UK’s largest charging network but growing it’s UK footprint to new heights as the InstaVolt network now has more than 2,000 chargers in operation or construction. As part of its pledge to meet customer demand for faster charging, InstaVolt says it is the only CPO that solely installs ultra-rapid chargers over 100kW+.
Focus will remain on working with leading, premium brands across Europe to offer first class amenities, and deliver larger hubs. InstaVolt launched the largest ultra-rapid EV charging hub in Iceland in June 2023, and has planning approval for a super hub along the A34 in Winchester in the UK which will see 44 ultra-rapid chargers installed, with accessibility in mind.
InstaVolt has plans in place to install 11,000 chargers in the UK and Ireland, 5,000 across Spain and Portugal, and over 300 in Iceland. The company’s stated goal is to be the largest CPO in Europe.
