Roam raises £65m of debt, supported by the Chancellor, Rachel Reeves
Roam, a leading operator of electric vehicle (EV) infrastructure in the UK, has raised £65 million in one of the first corporate debt deals for UK EV fast-charging. The debt has been provided by a consortium of three established lenders – the National Wealth Fund, NatWest, and Triodos Bank UK.
The funds will accelerate installation of Roam’s UK destination charging sites, advancing the roll out of its 40,000-strong pipeline, which includes 5,500 charging points already under exclusivity. Roam has already installed 3,000 UK charging points.
“We are renewing Britain by investing in our infrastructure and public services, building an economy that works for, and rewards, working people. This deal, with £25 million backing from the National Wealth Fund, will strengthen our electric vehicle industry. With thousands more charging points installed in more parts of the country for drivers to use, connectivity between our towns and cities will be improved – a key ingredient for kickstarting economic growth.”
