Be.EV, a Manchester-based electric vehicle (EV) charging network operator, has raised £55 million in debt financing from NatWest and KfW IPEX-Bank. This funding builds on existing investment from Octopus Energy Generation, which holds a majority stake in Be.EV through its Sky fund. The new capital will support Be.EV’s goal of operating over 1,000 rapid and ultra-rapid charging points across the UK by the end of 2024. The increased network will facilitate EV access for underserved communities and bolster Manchester and the North West’s charging infrastructure. CEO Asif Ghafoor sees this investment as a significant endorsement of their mission to provide reliable ultra-rapid charging to overlooked communities, aligning with the UK’s net-zero objectives.

Transport, EnviroTech, Investment,United Kingdom, Germany

£55m double bank deal to spark Manchester scaleup Be.EV