Aldermore provides £25m funding for EV charging hubs roll-out

Aldermore Bank has provided a £25m funding package to Osprey Charging, to accelerate the roll out of its super-fast EV charging hubs at prime locations across the UK. Along with a club of lenders which also includes Novuna Business Finance, Société Générale, and the UK Government’s National Wealth Fund, they have provided £110m in senior debt facilities.

With the sale of new petrol and diesel vehicles to be banned from 2030, accelerating Osprey Charging’s roll out will help to ensure the supply of EV chargers meets growing demand, making it possible for more people to switch to an EV.

Founded in 2016, Osprey is one of the UK’s largest public charging networks, providing reliable rapid and ultra-rapid charging infrastructure with uptime exceeding 99%. Osprey prioritises the driver experience by building the right charging sites in the right locations for customers. In this next stage of deployment, Osprey will continue to target quality over quantity, with a focus on customer service, reliable operations and financial strength.

Lauren Pamma, Head of Energy and Infrastructure at Aldermore, said: “Getting the UK ready for the EV transition means delivering infrastructure that drivers can count on.

“Osprey’s approach of putting customer experience and site quality at the heart of their strategy aligns perfectly with our commitment to backing sustainable, future-ready businesses. We’re proud to support their continued expansion by participating in this multibank facility.”

Ian Johnston, CEO of Osprey Charging, said: “We’re thrilled to be starting a new relationship with Aldermore, whose support is helping us deliver reliable, customer-focused charging at scale.

“Aldermore understands the urgency of building high-quality EV infrastructure, and we share a belief that businesses can, and must, lead the way in enabling the UK’s transition to clean transport. Their funding will directly support our mission to build charging hubs that drivers trust and value – places I’d be happy to stop and recharge with my own family.”