Osprey Charging to accelerate rollout of hubs with new funding package
Ian Johnston said: "We’re delighted that financial institutions are supporting the work our fantastic, dedicated team are doing."
Osprey Charging will accelerate the rollout of its super-fast electric vehicle (EV) charging hubs, following the acquisition of a funding package.
Novuna Business Finance, Société Générale, Aldermore and the UK Government’s National Wealth Fund have provided a combined £110m in senior debt facilities.
Ian Johnston, CEO at Osprey Charging, said: “We’re delighted that financial institutions are supporting the work our fantastic, dedicated team are doing.
“At Osprey, we build the charging hubs customers want – clean and secure, super-fast, easy to use and easy to pay for.
“In short, where I would choose to stop and re-charge with my family.”
The National Wealth Fund supported Osprey Charging’s growth as a way to support the ZEV mandate, and increase confidence in EV infrastructure.
Chancellor of the Exchequer Rachel Reeves said: “We’re investing in Britain’s renewal, bringing our infrastructure into the 21st century, improving people’s day to day lives, and putting more money into their pockets through economic growth.”
£25m was provided by the fund, with the remainder coming from the private sector.
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