UK-based EV charging network operator Be.EV has secured a significant £20 million contract to install more than 200 ultra-rapid charging bays at 22 properties managed by Schroders Capital. The deal, which will see the installation and maintenance of chargers across leisure and retail sites, includes five Schroders Capital real estate funds, such as the Schroder Real Estate Investment Trust.
The chargers will be installed as part of a 20-year leasing agreement that ensures consistent revenue for Be.EV through index-linked market rents. The charging hubs, designed to feature six to 12 ultra-rapid charging bays, will use Kempower chargers capable of charging up to 300kW, offering drivers a 325-mile range in just 20 minutes.
Be.EV, founded in Manchester in 2019, is majority-owned by Octopus Energy Generation’s £1.5 billion Sky Fund, which has committed to providing £110 million in funding. The company, which currently operates 800 live charging bays, plans to double this network by the end of 2025.
With legal agreements already finalized for three locations, Be.EV expects more sites to follow soon, further expanding the UK’s charging infrastructure.
Related topics:
- Volkswagen’s Elli to Expand EV Charging at UNITI Gas Stations Across Germany
- LG Energy Solution Buys GM’s Stake in Michigan Battery Plant for $2 Billion
- Automotive Fasteners Market Set to Reach US$ 36.85 Billion by 2032
