Be.EV Raises £20M Funding From Schroders Capital To Roll Out Ultra-Rapid EV Chargers

This funding will support the installation of 200 ultra-rapid EV charging bays across 22 retail and leisure properties managed by Schroders Capital throughout the UK.Be.EV aiming to become one of the fastest-growing charge point operators in the country. With backing from Octopus Energy Generation’s Sky Fund, which has invested £110 million, Be.EV is one of the UK's most well-funded charging operators.

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Currently, Be.EV operates over 800 charging bays and plans to double that number to 1,600 by the end of 2025. The company focuses on installing ultra-rapid charging hubs in busy urban areas and community locations, ensuring equitable access to EV charging infrastructure across the UK.

Be.EV will fully fund the installation and maintenance of high-speed Kempower chargers at retail parks and leisure centres with major brands like IKEA, Marks & Spencer, Costa Coffee, Aldi, and McDonald’s. These charging bays will be leased for 20 years with rent linked to inflation, giving Be.EV a stable long-term income and offering landlords a net-zero investment.

The UK’s electric vehicle market is expected to grow by 31% in 2025, increasing the need for public charging stations. The Department for Transport has warned that both the public and private sectors must speed up the rollout of charging infrastructure to meet the 2030 ban on internal combustion engine cars.

While companies like GRIDSERVE, InstaVolt, and Fastned are growing quickly, Be.EV stands out by partnering with real estate owners and public sector organizations. Its focus on community and customer experience has helped it become one of the highest-rated large charging networks in the UK, according to driver reviews on Zapmap.

“This is a landmark deal for Be.EV and we are excited to help the big brands who occupy the retail parks in Schroders’ portfolio benefit from the increased footfall benefits EV charging brings,” said Asif Ghafoor, CEO of Be.EV. “I would like to congratulate all the team at Be.EV for their hard work in securing this important deal.”

“Improving the UK electric charging network is essential in supporting the UK’s energy transition goals,” said Matthew Baddeley, Lead Asset Manager at Schroders Capital. “It also aligns with our own net zero targets. Be.EV’s offering is highly compelling and we look forward to welcoming them to Schroders Capital’s retail warehouse portfolio.”

The deal with Schroders Capital gives Be.EV a key edge in expanding high-speed charging access across the UK.

About Be.EV

Be.EV is a UK-based electric vehicle (EV) charging network focused on making charging easy, reliable, and sustainable. They plan to grow their network of fast and ultra-fast charging points across the UK.