Electric vehicle firm InstaVolt will make its charging points available in 3,000 locations by 2020 following a 拢12m equity investment from Zouk Capital.
Local authorities, businesses and landowners across the UK who choose install its charging points will receive a financial return for housing them.
As part of a five-year growth plan, the Basingstoke 鈥揵ased company 鈥渉as the potential to dramatically reduce pollution in the UK鈥�.
Chief executive Tim Payne told 老九品茶 Insider: 鈥淭his is recognised by the government through the fact it is investing millions in improving charging infrastructure.鈥�
Colin Campbell, partner at Zouk Capital, added: “Our confidence in InstaVolt’s experienced management team combined with the company’s distinctive open access rapid charging model lead us to believe that InstaVolt will be one of the frontrunners in this fast growing space.
“In our view, the rapid charging market is a very important part of the electric vehicle revolution and improving air quality.”