Connekt EV Charging has secured a multi-million pound growth investment from Growth Fund 1 (GF1).
The funding will drive the expansion of Connekt’s strategic charging hubs, support team growth, and strengthen its focus on the hotel, hospitality, leisure as well as the public sector, it said.
It comes at a pivotal time for Connekt, with the latest market analysis showing more than 68,000 potential destination charging locations across Great Britain, of which fewer than 1% currently have an EV charger installed.
More than 79% of these sites are in rural or semi-rural areas, where demand for reliable charging is expected to be highest due to longer travel distances and higher vehicle utilisation.
Johnny Manning, Founder & CEO of Connekt, said:
“This investment gives me and my outstanding team the ability to focus 100% on delivering over 1,000 EV charging hubs in the next four years, creating facilities that seamlessly integrate into the lives of EV drivers.
“The grit and determination our team has shown — not only to survive in the early days of this industry, but to innovate, stay ambitious, and win major national contracts against multi-million-pound competitors – is exactly what Connekt is all about.”
Toby Dixon, Partner at Growth Fund 1, added:
“At GF1, we invest in ambitious management teams with the vision and drive to lead their markets – and Connekt is exactly that.
“Johnny and his team have already proven they can deliver, and with a market opportunity of tens of thousands of under-served sites, we’re excited to back their next phase of growth.”
Image courtesy of Connekt
