Aviva backs Connected Kerb to deliver 190,000 on-street EV chargers by 2030

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Electric vehicle infrastructure provider Connected Kerb has secured an investment of up to £110 million to install 190,000 on-street charge points by 2030.

The potentially game-changing move has been backed by Aviva Investors, the global asset management business of Aviva plc. The move will provide access to EV charging for millions of drivers without off-street parking.

As part of the deal, Connected Kerb will also deliver EV charging infrastructure across the insurer’s pan-European property portfolio, which includes more than 300 locations in the UK alone, making it one of the country’s largest portfolios.

The multi-million-pound investment into UK public charging infrastructure will be critical to delivering the Government’s plan of installing more than 300,000 chargers by 2030. The £110m investment is equivalent to around a quarter of all the money committed by the UK Government under its Local Electric Vehicle Infrastructure (LEVI) Fund, aimed at helping local authorities fund on-street EV charging projects.

Chris Pateman-Jones, CEO of Connected Kerb, said: “Our partnership with Aviva Investors will turn EV charging on its head. Successfully delivering the benefits of the EV transition to all, regardless of location, wealth, or circumstance, relies entirely on the UK’s ability to deploy convenient and reliable public charging at scale. For many, it has so far been neither.

“This investment combines the proven long-term reliability of Connected Kerb’s infrastructure with the financial resources and expertise of Aviva Investors to deploy charging, at scale, to all corners of the UK. It’s truly game-changing.”

Peter Howe, co-founder and chairman of Connected Kerb, said: “Aviva’s investment into Connected Kerb will not only supercharge our UK rollout plans, but also lay the groundwork for expansion into other markets across Europe and into the US.”

EV sales so far this year have accounted for 14% of all new vehicle registrations, up 50% compared to this time last year. However, there is currently just one public-access on-street EV charger for every 52 EVs on UK roads. As a result, those without off-street parking or a dedicated parking space with domestic power supply – accounting for 62% of drivers – find it harder to make the switch to electric. Currently, this group makes up as few as 9% of EV drivers.

Connected Kerb will have installed over 4,000 chargers in 2022 alone. The chargers provide a fast charge between 7kW and 22kW, perfect for on-street charging where residents are parked for a predictable amount of time each day. The chargers are durable, enabling the company to offer contracts of 15-25 years – much longer than the industry average of between 5-7 years. Every charge point will feature contactless payment via the Connected Kerb app.