InstaVolt secures £250 million debt financing for UK and Ireland EV charging network expansion
Type: Financing · Technology: Ev Charging · Country: United Kingdom, Ireland · Announced: 2026-05-18
InstaVolt secured £250 million (USD 315 million) in committed debt financing to expand its rapid EV charging network across the UK and Ireland, marking a major milestone for the company and the UK's EV charging infrastructure. The refinancing will fund new site deployments, network maintenance, and battery energy storage systems to enhance charging reliability and capacity. Founded in 2016, InstaVolt operates 2,600 rapid chargers across 900 sites, with an additional 1,100 chargers under construction to reach 3,700 total chargers. The facility was oversubscribed, reflecting strong lender confidence in InstaVolt's operational quality and the growing EV market momentum. Delvin Lane, CEO of InstaVolt, highlighted the refinancing as enabling accelerated rollout and investment in innovative technology to deliver high-quality charging experiences. The financing package includes participation from nine lenders, including Close Brothers, Investec, KfW IPEX-Bank, and Société Générale.
Counterparties
- Rabobank (Lender)
- Close Brothers (Lender)
- Lloyds (Lender)
- Investec (Lender)
- Instavolt (Borrower)
- Santander (Lender)
- KfW IPEX-Bank (Lender)
- Société Générale (Lender)
- NatWest (Lender)