The transaction follows significant interest from a number of strategic parties and forms part of the next phase of InstaVolt's long-term growth strategy following the successful completion of its recent £250 million debt refinancing and £40 million equity investment. Supported by shareholders EQT and a consortium of leading lenders, the transaction further strengthens the company’s ability to accelerate investment across its core UK and Ireland markets.
The sale also follows its recent acquisition of a major national brand with over 228 locations and more than 260 charging devices, reinforcing the company's position as a leading UK ultra-rapid charging network and creating additional opportunities for both organic growth and strategic acquisitions.
Since entering the Iberian market in 2023, InstaVolt has successfully established a high-quality charging network across Spain and Portugal, supporting the region's transition to electric mobility. The transaction will enable the continued development of the network under Powerdot's ownership, whilst allowing InstaVolt to redeploy charging infrastructure to support future growth and customer demand across its core markets.
“Over the past few years, we have successfully established a high-quality charging network across Spain and Portugal, supported by a dedicated local team and strong partnerships” said Delvin Lane, CEO of InstaVolt. “We are immensely proud of what has been achieved and grateful to everyone who has contributed to building the business. We are confident that Powerdot is exceptionally well placed to continue building on those strong foundations and support the ongoing transition to electric mobility across the Iberian Peninsula. Following our recent refinancing and the significant opportunities emerging in our core markets, we carefully evaluated how best to deploy capital to maximise long-term growth and shareholder value. This agreement enables us to recycle capital into our core UK and Ireland markets, accelerating both organic growth and strategic acquisitions.”
Supported by its recent refinancing, the company will continue to invest in Battery Energy Storage Systems (BESS), photovoltaic (PV) generation, and the infrastructure required to support the next phase of EV adoption. It will also continue to invest heavily in new flagship charging destinations, including its forthcoming ultra-rapid charging superhub at Chicklade on the A303, alongside the rollout of next-generation of BYD chargers including 240kW charging technology across its network.
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