Zouk Capital has made a £6.4 million ($8.9 million) investment into char.gy, an on-street EV charge point operator and eMSP (eMobility Service Provider), which is rolling out on-street residential electric vehicle charging points in the United Kingdom.
char.gy was launched in 2016 with the goal of solving residential electric vehicle charging for people without off-street parking. The company has almost 1,000 EV chargers across the United Kingdom, having worked with numerous councils, and has a pipeline of opportunities with private sector hosts.
Zouk Capital manages the Charging Infrastructure Investment Fund (CIIF), the dedicated fund established by the U.K. government in 2019 to help develop public charging infrastructure points for electric vehicles. The fund has already exceeded its original target of £400 million ($554 million), and it is expecting to hold a final close later this year.
“Creating a radical step change in the delivery of the U.K.’s in
