EV infrastructure firm Believ has secured £300m to accelerate the rollout of public EV charging, with a target of at least 30,000 new charge points nationwide.

Backed by joint owners Liberty Global and Zouk Capital, Believ’s latest investment facility also includes financing from Santander, ABN Amro, NatWest and MUFG. The funding positions the company among the UK’s best-capitalised charge point operators, with plans to deliver charging infrastructure across urban, rural and underserved locations.

Guy Bartlett, CEO of Believ, said: “It recognises the scale of investment required and the urgency of the need. Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground. At Believ, we are very proud to be at the heart of this journey.”

The £300m investment will support Believ’s partnerships with local authorities and private sector organisations to expand EV charging access, particularly for drivers without off-street parking. Installations will include on-street chargers, town centre units, rapid and ultra-rapid hubs, and destination points across the UK.

Jonathan Pearson, chairman of Believ and CFO of Liberty Growth at Liberty Global, said: “The funding announced today demonstrates the potential of partnering with the public sector in the UK to create the critical EV charging infrastructure required for a greener future. With Virgin Media O2 on board as a delivery partner and leveraging Liberty Global’s financing expertise, we look forward to Believ rolling out much-needed EV charge points throughout the UK.”

Believ’s plans align with the Government’s goal of delivering 300,000 public charge points by 2030. The UK currently has just over 80,000. The company’s recent contract wins include Suffolk County Council, the first signed agreement under the Government’s £381m Local Electric Vehicle Infrastructure (LEVI) fund.

Massimo Resta, partner at Zouk Capital, said: “The EV market is at an inflection point. EV penetration is expected to accelerate driven by the arrival of new mass-market vehicles at attractive price points. The EV charging rollout required to support the transition needs long-term private investment with strong partners. With this level of funding, Believ has the commercial strength, operational expertise, and local insight to deliver what communities and landowners need – on-street, town-centre, destination, and on-route charging – at real scale and pace.”

Lilian Greenwood MP, Minister for the Future of Roads, welcomed the investment: “Believ’s investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of chargepoints across the country.”