Osprey Charging secures £110m to expand UK EV network

Osprey Charging, one of the UK’s largest public electric vehicle (EV) charging networks, has secured a £110 million multi-bank funding facility to support the rapid expansion of its ultra-fast charging hubs across the UK.

The financing, structured as senior debt facilities, has been provided by a club of lenders including Novuna Business Finance, Société Générale, Aldermore, and the UK Government’s National Wealth Fund. The deal marks a significant milestone in the UK’s clean transport transition, as the country prepares for a 2030 ban on the sale of new petrol and diesel cars.

The capital injection will enable Osprey to scale its deployment of super-fast charging hubs at high-traffic locations, targeting reliability, customer experience, and infrastructure quality over quantity. Osprey’s network boasts a 99% uptime rate, with the company committed to delivering well-designed, user-friendly charging locations for private drivers and fleet operators alike.

This funding round builds on Osprey’s existing relationship with Novuna and introduces new partnerships with major lenders and institutional investors. It also includes continued backing from original equity investors Cube Infrastructure Fund II and Investec Bank.

The involvement of the National Wealth Fund underscores the UK government’s commitment to scaling EV infrastructure as part of its broader net zero and industrial strategy goals.

“Our financing for Osprey will support the roll out of thousands of new rapid charge points at public locations across the country,” he added.

Chancellor Rachel Reeves commented: “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.”

The deal was hailed by lending partners and advisers as a sign of the EV sector’s growing maturity.

“By financing high-quality charging infrastructure, we’re enabling practical, scalable solutions for businesses and consumers to make the shift to sustainable mobility.”

Alex Kipling, Head of Infrastructure Finance, London at Société Générale, added: “We are pleased to support Osprey as they grow their network, a project that aligns well with the bank’s ESG ambitions.”

Osprey’s model focuses on building premium charging locations that are clean, secure, easy to use, and built with long-term operational reliability in mind. The company has been consistently recognised for its quality, winning Transport + Energy’s Best EV Rapid Charging Network in 2023 and 2024, and being Zapmap’s EV Driver Recommended Network for five consecutive years.

“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.”