“We are delighted and excited to have found the right partner in Antin for the next stage of our development. The fundraise will enable RAW to continue this development as the Company partners with blue-chip customers, such as Aviva and Greene King, to provide destination charging for EV drivers.īruce Galliford, CEO, RAW Charging, said: The Company has a pipeline of over 4,000 sites and 40,000 chargers which it is seeking to rapidly install.
RAW has grown rapidly as the need for EV charging solutions increases ahead of the 2030 deadline in the UK. RAW has also recently acquired Franklin EV Limited, adding 128 EV charging points and a further 370 managed chargers to the RAW asset base, which is expected to reach over 1,000 charging points by December 2022. The Company has recently won a number of major contracts with blue chip customers such as Greene King, for whom RAW is installing chargers across 800 pubs and hotels McArthurGlen, where RAW is installing EV chargers at designer outlets and Aviva Investors, for whom RAW is providing EV charging at 60 commercial property sites. The Group has a pipeline of 4,000 sites as it seeks to rapidly roll-out destination charging to meet the UK public’s needs.Ģ021 was a year of rapid growth for RAW as it delivered on its strategy of helping real estate owners with their EV charging requirements.
Raw power charger drivers#
The Company has established a network of EV charging infrastructure assets to enable EV drivers to charge their vehicles at their destinations, typically at workplace, leisure facility or transport hub carparks. In order to meet the huge demand for public chargers, RAW is operating in the underserved, high-growth destination EV charging marketplace. With an estimated 45% of drivers needing to charge their EVs away from home, EV charging infrastructure is a valuable amenity in futureproofing work leisure and domestic locations across the country. This rapid increase presents significant opportunities across the automotive services and technology industry, and the UK Government has set a target of 300,000 public charge points by 2030. This would put the UK on a similar path witnessed in Norway six years ago, which now has over 90% EV penetration. In March 2022, the Office for Budget Responsibility (OBR) increased its forecasts for the share of EVs to 59% in 2026-27, up from 29% in its October 2021 outlook.
Raw power charger full#
To achieve full electrification, significant private and public infrastructure investment will be required. In the UK, to meet Government targets, 100% of new registrations must be battery electric by 2035.
The investment forms part of Antin’s wider deployment of capital in EV charging across Europe.RAW’s strategy remains unchanged – to build a leading network of destination EV chargers, for blue chip customers, such as Aviva Investors, abrdn, Greene King and McArthurGlen.RAW will have over 1,000 charging points operating by December 2022. Antin has invested in order to help RAW accelerate delivery of its pipeline, targeting installation of 10,000 charging points in the next 3 years.The raise was funded by Antin Infrastructure Partners (“Antin”), a leading private equity firm focused on infrastructure investments. RAW Charging, one of the largest UK electric vehicle charge point operators focused on destination charging, is pleased to announce a successful growth capital fundraise that will support its £250 million EV charger installation plan.
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