by Future Transport-News
22 Feb 2022
EQT Infrastructure to Acquire InstaVolt, One of the Leading Rapid Electric Vehicle Charging Network Operators in the UK
EQT is pleased to announce that the EQT Infrastructure V fund (“EQT Infrastructure”) has agreed to acquire InstaVolt Limited (“InstaVolt” or the “Company”) from Zouk Capital.
Headquartered in Basingstoke, UK, InstaVolt is an operator and owner of electric vehicle (EV) charge points with a nationwide network across the UK. The Company was founded in 2016 and is built on a strong vision to enable the UK’s journey to net zero through mass adoption of EVs. As a third of British households lack access to off-street charging, many rely on public charging stations. InstaVolt’s mission-critical nationwide network of reliable charge points offers secure charging for EV owners to depend on. With EV sales in 2021 totalling more than the five previous years combined, and the UK banning the sale of petrol and diesel cars from 2030, the future is clearly electric.
InstaVolt’s charge points are most often situated at retail, food, beverage and forecourt sites, offering a convenient service for the end-user who can combine their charge with other day-to-day activities. Current partners include McDonald’s, Costa Coffee and Booths, among others. By providing a reliable, easy-to-use and easily accessible service to its customers, InstaVolt has been rated the most popular open network by EV drivers consecutively for the last four years.
EQT Infrastructure is committed to invest significantly to accelerate InstaVolt’s expansion of charge points across the UK, and support the mission to roll out 10,000 rapid EV chargers by 2032. The Company’s strong market position, combined with EQT’s deep knowledge within energy transition and sustainability, will set-up InstaVolt for further success, both in the UK but also abroad.
“The future is electric and InstaVolt is essential to the roll-out of EV charging infrastructure across the UK, a prerequisite for enabling mass adoption of EVs. We are excited about supporting InstaVolt in the next phase of growth and for EQT to play its part in decarbonizing the transportation sector and driving the transition towards net zero in the UK and beyond.”
“InstaVolt has set a standard in the UK for driver experience and infrastructure, and now with support from EQT, we are in a unique position to accelerate that target and replicate our model in other geographies, transitioning the business into the next phase of growth. We want to thank our partners and customers who have supported us on our journey so far and want our customers to be reassured that what has made InstaVolt so successful, including our focus on reliability and ease of use, remains unchanged.”
The investment sees founding investor Zouk Capital exit after establishing the Company with the InstaVolt management team in 2016. Zouk is the manager of the Charging Infrastructure Investment Fund (“CIIF”) and has a central objective of scaling open-access, public EV charging networks for the UK’s EV drivers.
“The InstaVolt team and Zouk identified the opportunity in 2016 and built one of the leading rapid EV charging infrastructure companies in the UK. We believe the management team are in great hands with EQT and wish InstaVolt the very best for the next stage of their journey.”
RBC Capital Markets acted as exclusive financial advisor and Simpson Thacher & Bartlett acted as legal advisor to EQT Infrastructure.
UBS acted as exclusive financial advisor to Zouk and InstaVolt, with Travers Smith acting for the company and management on the sale and Fladgate acting for the institutional seller.
With this transaction, EQT Infrastructure V is expected to be 65-70 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) and subject to customary regulatory approvals.
This article was originally published by InstaVolt Ltd.
Transport for London and London Councils have launched the second phase of London’s shared e-scooter trial, operated by Dott, Lime and Voi.
Autonomous technology developer, Waabi has partnered with Uber Freight to accelerate the scaled deployment of AI-powered autonomous trucks.
Yulu partners with tour operators in Delhi, Mumbai, and Bengaluru to enable unique hyperlocal sightseeing experiences.
Micromobility provider, Bird has acquired Spin, making it the largest operator of shared micromobility services in North America.
Q-Free has announced that is has joined the Infrastructure Automotive Technology Laboratory (iATL) Alliance.
Governments worldwide have been implementing policies to reduce carbon emissions and promote sustainable transportation.
SkedGo delves into the new MaaS code of practice, and key recommendations by the Department of Transport (DfT).
Joby has announced plans to build a scaled manufacturing facility for eVTOL aircraft at Dayton International Airport in Ohio.
The UK government has granted 18.5 million GBP to 13 projects focussed on improving the safety and security of self-driving vehicles.
Shared micromobility operator, Beam has launched a fleet of 150 seated e-scooters in Canberra, Australia to help improve accessibility.
Kapsch TrafficCom proudly celebrates the processing of over one billion transactions since the inception of the systemwide cashless tolling.
ATOM Mobility delves into the topic of shared micromobility fleet insurance and the factors that can affect your premium.
The UK Transport Committee has published a report on the future of self-driving vehicles and the required laws and regulations for their use.
Cubic Transportation Systems (CTS) is proud to work with Sault Ste. Marie Transit in successfully launching Umo in Ontario, Canada.
Jump Aero has unveiled its eVTOL emergency response aircraft, which has been commercially ordered by Falck Ambulance Services.
Yulu explains why an electric 2-wheeler is the smartest choice for urban commutes, both financially and environmentally.
Uber Boat by Thames Clipper has launched Europe's first hybrid high-speed passenger ferry in on the river Thames in London, UK.
The UK government has awarded £80 million in Zero Emission Vessel and Infrastructure (ZEVI) funding to help decarbonise the maritime sector.
The EV Network and bp pulse have opened the UK’s largest public EV charging facility at the NEC Birmingham.
Bristow Group Inc. & Volocopter have signed an agreement to explore & develop passenger, cargo services for eVTOL aircraft in the U.S. & U.K.
As autonomous shuttles continue to be rolled out across the US, these vehicles are increasingly deployed on university and college campuses.
Waymo and insurance company, Swiss Re have published research on the safety benefits of autonomous vehicles compared to human drivers.
SkedGo believes that the concept of Mobility-as-a-Service (MaaS) has emerged to seamlessly integrate various modes of urban transportation.
Pod Point has become the UK’s only electric car charging provider to gain a Which? Trusted Trader approved installation service.
Evoking memories of childhood media and futuristic depictions within cartoons, WiTricity asks: Why don't electric cars charge themselves?
Amazon has expanded its rollout of e-cargo delivery bikes to Scotland, following the launch of its fleets in London and Manchester last year.
The UK government has introduced a revenue certainty scheme to support the production of sustainable aviation fuel (SAF).
The highly anticipated AutoSens is returning to Brussels from 19–21 September at the iconic AutoWorld Museum, with lead sponsor, onsemi.
LIFT Aircraft recently conducted a series of Beta Flights as it ramps up for paid customer flights across the US.
EASA has released a set of proposed rules for operating Vertical Take-Off and Landing aircraft such as air taxis in Europe.
Ford's BlueCruise Level 2 ADAS has received regulatory approval from Germany’s Kraftfahrt-Bundesamt (KBA) for use on the nation's highways.
ATOM Mobility explores different ways authorities and legislators can encourage shared mobility – and why it's totally worth it.
The UK government's Department for Transport (DfT) has published a new code of practice for Mobility-as-a-Service (MaaS).
From 29 August, London's Ultra Low Emission Zone (ULEZ) has expanded city-wide to help improve air quality across the UK capital.
Yulu believes that the tourism industry and city authorities must work together to make electric vehicles the norm for tourist mobility.
At the IAA Summit, EasyMile will introduce visitors to the future of public transport through its autonomous shuttle supervision center.
Beam and Drover AI are rolling out its Pedestrian Shield footpath detection and speed-limiting technology in Victoria, Australia.
Save the date for DroneX Tradeshow & Conference and Advanced Air Mobility Expo on 26–27 September to expand your industry network.
Daedalean has been awarded a grant by Innosuisse to develop its BRAVEN (Bimodal Radar for Aviation Environments) Solution.
Beep has partnered with autonomous vehicle software developer, Oxa to deploy autonomous shuttles across the US.
Mayor Michelle Wu and the Boston Transportation Department (BTD) have announced the launch of an e-cargo bike delivery pilot programme.
Beam will bring its brand of community-first micromobility to Armidale in early September, with 300 e-scooters to be introduced to the city.
In a recent WiTricity survey of EV owners, the company found that new & exciting technology is the luxury that customers are looking for.
Cubic Transportation Systems has announced the implementation of its Umo platform as BC Transit's new automated fare collection system.
Autonomous delivery company, Clevon is joining Curiosity Lab's smart city ecosystem in Peachtree Corners, Georgia.
EHang's Unmanned Aircraft Cloud System (UACS) has been approved by the Civil Aviation Administration of China (CAAC) for trial operations.
New York City Mayor Eric Adams has announced new rules requiring ride hailing vehicles to be zero-emisson or wheelchair accessible by 2030.
The American Automobile Association (AAA) forecasts that ADAS technologies could prevent 37 million crashes in the US over the next 30 years.
SkedGo explores the value of digital twins for urban mobility, some of the challenges faced, and a snapshot of their use in practice.
The City of Orlando has commenced an autonomous shuttle pilot with the Central Florida Regional Transportation Authority (LYNX) and Beep.
Archer Aviation's Midnight eVTOL aircraft has now met all FAA safety requirements to begin flight test operations.
The Michigan Department of Transportation (MDOT) has proposed a project to construct an express lane for connected and automated vehicles.
Yulu discusses the differences between riding electric and non-electric vehicles in the rain and how to stay safe while doing it.
ARPAS UK will be headline partner for the DroneX Tradeshow & Conference, taking place on 26–27 September 2023 at the ExCeL London.
Siemens has joined the Curiosity Lab smart city project at Peachtree Corners in Georgia to support bringing 5G electrification to the US.
Working toward a more sustainable future, WeMove’s goal is to swap out the single-occupancy car and replace it with a shared smart minibus.
The California Public Utilities Commission's (CPUC) has voted in favour of Cruise and Waymo expanding robotaxi operations in San Francisco.
Deutsche Telekom and MIRA are testing the use of teleoperated shuttle vehicles in Bonn, Germany using a 5G network.
Find out what you can expect from the Advanced Air Mobility Expo, which will take place alongside DroneX and Helitech in September 2023.
Durham County Council has launched a pilot scheme to allow people without a driveway to charge their electric vehicles (EV) at home.
The City of Portland will be giving a tour of the transit signal priority (TSP) measures implemented in partnership with Q-Free and LYT.
UrbanV has partnered with Amazon Web Services (AWS) to develop city-wide infrastructure for its future eVTOL network.
Find out what you can expect to see at the Helitech Expo, returning to the ExCeL London on 26–27 September 2023.
Neuron Mobility has released its latest report analysing how the adoption, usage and perception of e-scooters differ between men and women.
Pony.ai has entered into a joint venture with Toyota to accelerate the mass production and deployment of driverless robotaxis.
Using the European network is easier than ever now that France has joined the streamlined toll payment system by tolltickets.
Cubic announces the launch of its Umo platform as the new automated fare collection system for the Salem Area Mass Transit District (SAMTD).
Waymo is officially launching its autonomous ride-hailing service in Austin, Texas following a successful trial period.
Cisco has been recognised at CRN's Tech Innovators Awards for its Secure Equipment Access Plus in the Cloud Tools and Management category.
Micromobility operator, Beam has launched its ‘Beam for Business’ programme to help businesses encourage workers to return to the office.
Royal Mail and Skyports Drone Services have announced the launch of the Orkney I-Port drone delivery project.
ATOM Mobility details the seven important benefits of launching a shared mobility business in a small town.
Hitachi Rail’s 360Pass app has entered commercial service in Genoa, Itlay under a new agreement with the city’s transit authority, AMT.
BT Group's start-up, Etc. will conduct technical pilots to assess the viability of repurposing its street cabinets into EV chargers.
In this blog, WeMove explores the flexible supply model for a DRT service and why it may be the most efficient approach.
Waymo has announced plans to sideline its work on autonomous trucking operations to increase its focus on the ride-hailing industry.
Global Mobility-as-a-Service (MaaS) provider SkedGo wins the Pathway to Net Zero Award in the 2023 Future Digital Awards for Smart Cities and IoT Innovation, re...
Kapsch TrafficCom believes that road traffic is becoming more dangerous for vulnerable road users like pedestrians and cyclists.
Cisco believes network connectivity for roadway devices is increasingly important as traffic engineers are tasked with connecting new devices.
Micromobility operator, Voi has announced a new global partnership with Flare, specialists in mobility safety intelligence.
Pod Point explains useful and unspoken public electric vehicle charging etiquette that you'll want to know before your first charge.
Île-de-France Mobilités aims for 100% of spectators to be able to access the Paris 2024 Olympic and Paralympic Games using public transport.
Over 50 organisations in the UK have written a joint letter to Prime Minister, Rishi Sunak calling for e-scooter legalisation.
Autonomous delivery provider, Clevon has partnered with PostNet Northlake to launch a commercial parcel delivery service in Texas.
Cisco asks and answers the question: What does it take to address cybersecurity across a vast roadways infrastructure?
Customers in L.A. can now use their Cubic-powered TAP card to pay per ride until they hit a daily fare cap of $5 or a 7-day fare cap of $18.
Virgin Atlantic and Rolls-Royce have announced that the world’s first 100% SAF transatlantic flight is set to take off on 28 November.
Daedalean believes one of the three key skills of a human pilot is to fly according to visual flight rules (VFR) and in visual conditions.
InnoTrans is further expanding its portfolio by launching an AI Mobility Lab exhibition area at the upcoming 2024 event.
Mobileye has launched the world's first vision-only Intelligent Speed Assist (ISA) system for automakers in Europe.
Commute by WeMove leverages smart solutions to enhance transportation offerings in the education sector and beyond.
The FAA has released an implementation plan outlining the required steps to enable the near-term rollout of advanced air mobility vehicles.
The Department for Transport has contracted TRL and WMG to provide recommendations on future technical requirements for e-scooters in the UK.
Pod Point takes a look at the most significant news to come out of the electric vehicle sector during Q2 of 2023.
Redbridge Council has chosen Siemens and ubitricity to expand the borough's electric vehicle charging network with lamp post charge points.
Kapsch TrafficCom is proud to announce it has received the valued OmniAir-certification for its Janus Multi-Protocol 4.1 Reader.
The DfT and the Centre for Connected and Autonomous Vehicles have published research into how people view self-driving vehicles.
Over 10,000 international professionals are invited to take part in Global Mobility Call and benefit from 50% off with early registration.
OLEDWorks produces rapid product innovation and the world’s best-performing OLED lighting panels for the automotive industry.
Use the form opposite to get in touch with InstaVolt directly to discuss any requirements you might have.