EQT Infrastructure V has agreed to acquire InstaVolt, a U.K.-based operator and owner of electric vehicle charge points. As part of the deal, seller Zouk Capital is planning to exit the company.
EQT Infrastructure said it is planning a significant investment to accelerate InstaVolt’s expansion of charge points across the United Kingdom and support the goal of rolling out 10,000 rapid EV chargers by 2032. InstaVolt’s charge points are most often situated at retail, food, beverage and courtyard sites. Current partners include McDonald’s, Costa Coffee and Booths, among others.
“The future is electric, and InstaVolt is essential to the roll-out of EV charging infrastructure across the U.K., a prerequisite for enabling mass adoption of EVs,” said Anna Sundell, partner and head of EQT Infrastructure’s U.K. advisory team. “We are excited about supporting InstaVolt in the next phase of growth and for EQT to play its part in decarbonizing the transportation sector
