National Wealth Fund backs InstaVolt’s rapid EV charging rollout

The National Wealth Fund has today announced its support to help accelerate the roll out of InstaVolt’s rapid electric vehicle (EV) charging network, improving accessibility, charging speed and convenience for EV drivers in the UK. The Fund is committing £40million as part of InstaVolt’s wider £250 million debt refinancing announced today.
 
The deal marks the National Wealth Fund’s fifth direct transaction into the sector, demonstrating its ongoing support for the long-term growth of the EV market and its focus to back large-scale debt raises and accelerate the roll out of UK charging infrastructure in order to meet future demand. 
 
Forecasts estimate at least 250,000 public EV chargers will be needed by 2030 – up from around 120,000 chargers today – ahead of the phasing out of new cars and vans powered solely by internal combustion engines. 
 
By backing the expansion of InstaVolt’s rapid charging network in the UK the Fund is supporting the Government’s decarbonisation targets by helping ensure there are enough reliable chargers to inspire confidence and help drivers make the switch to EVs. 
 
Oliver Holbourn, CEO of the National Wealth Fund, said:

“There is a need to accelerate the rollout of EV chargers in the UK as consumer demand grows. This transaction is a great example of how, by helping market leaders such as InstaVolt raise finance at scale, we’re able to play a meaningful role in the sector, supporting the delivery of critical charging infrastructure necessary for the EV transition.”  

Delvin Lane CEO of InstaVolt, said:

“This refinancing marks a major milestone for InstaVolt and for EV charging infrastructure in the UK. The confidence shown by our lending partners reflects the strength of our network, the quality of our operations, and the momentum behind the EV market. The latest SMMT data underlines that progress, with BEV registrations up 59% year-on-year in April 2026 compared with April 2025, demonstrating both growing consumer demand and continued confidence in the transition to electric mobility. With this facility in place, we can accelerate our rollout and deliver the reliable, high-quality charging experience that EV drivers deserve now and into the future.”