Aviva invests £110m in UK’s EV charging infrastructure
Asset manager Aviva Investors has announced that the company will invest £110m in Connected Kerb, a UK-based provider of electric vehicle (EV) charging infrastructure. According to Aviva, the investment will augment Connected Kerb’s ability to deliver 190,000 EV charging stations across the UK by 2030. The investment is being made by Aviva’s real assets division, which has an objective of achieving net zero by 2040. In addition, Connected Kerb will be providing charging infrastructure across Aviva’s real estate assets. Daniel McHugh, CIO of real assets at Aviva Investors, said: “This is a flagship deal for Aviva Investors, which spans both our infrastructure and real estate investment teams. With the UK estimated to need 400,000 public EV charging points by 2030 and approximately 2.5 million by 2050 to support the full EV transition, institutional investor capital can play a vital role in helping to deliver the level of investment required.