Latest news with #Believ
Yahoo
14 hours ago
- Automotive
- Yahoo
Believ secures £300m investment to add 30,000 UK public EV charge points
Believ, an electric vehicle (EV) charge point operator, has received an investment of £300m ($406.8m), aimed at expanding the UK's public EV charging infrastructure. This move is set to add at least 30,000 new charge points across the country, enhancing drivers' access to public EV charging facilities. The investment is spearheaded by Believ's joint owners, Liberty Global and Zouk Capital, a private equity investor in EV charging, in conjunction with four major banks—Santander, ABN Amro, NatWest, and MUFG. This financial boost is a strategic move to support the UK government's goal of reaching 300,000 public charge points by 2030, a substantial increase from the current figure of over 80,000. Believ chairman Jonathan Pearson and Liberty Global's Liberty Growth CFO 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 is set to partner with public and private sector entities to ensure the optimal placement and implementation of charging solutions. The investment is expected to benefit local communities by promoting EV adoption, thereby improving air quality and reducing transport-related carbon emissions. The UK government has committed £2.3bn to support the industry and drivers in the transition to EVs, with a £200m budget allocated for public charging expansion and a dedicated Local Electric Vehicle Infrastructure (LEVI) Fund of £381m for local authorities in England. UK Minister for the Future of Roads at the Department of Transport MP Lilian Greenwood added: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. 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. 'We're delivering our Plan for Change by investing over £2.3bn to help industry and consumers make a supported switch to EVs, alongside securing international trade deals and backing British carmakers to drive investment, protect jobs and put money in the pockets of working people.' A significant portion of Believ's investment will focus on on-street residential charging points, aiding drivers without private parking facilities in their switch to EVs. Additionally, funds will be directed towards establishing rapid and ultra-rapid charging hubs, as well as enhancing infrastructure in rural and underserved areas. "Believ secures £300m investment to add 30,000 UK public EV charge points" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Automotive
- Yahoo
‘Cable cowboy' to put 30,000 EV chargers on Britain's roads
'Cable cowboy' John Malone is bankrolling a deal to put 30,000 new electric vehicle (EV) chargers on Britain's roads. Liberty Global, which is controlled by the US billionaire, is spearheading a £300m investment in charge point operator Believ that will improve public access to chargers across the UK. The deal will deliver a major boost to the expansion of the UK's public charging network, which is a crucial factor in persuading drivers to switch to EVs. The Government has set a target of reaching 300,000 public charge points by the end of the decade, but drivers currently only have access to around 80,000. Believ will partner with both public and private sector organisations to roll out the new chargers where they are needed most. Most of the investment will go towards on-street, residential locations to help drivers without off-street parking transition to EVs. Funding will also be allocated to rapid and ultra-rapid charging hubs, as well as rural locations. Denver-based Liberty Global is controlled by Mr Malone, a Trump-supporting billionaire who is one of the largest individual landowners in the US. The 84-year-old holds a number of US media and entertainment assets, including Formula One. He is also a shareholder and board member at Warner Bros Discovery. An aggressive dealmaker, Mr Malone's holdings in paid TV and telecoms have earned him the nickname the 'cable cowboy'. Expansion into EV charging represents a new market for Mr Malone but builds on his other business interests. Believ partners with Virgin Media O2, which is also jointly owned by Liberty Global, to deploy its charging infrastructure. Guy Bartlett, the chief executive of Believ, said the funding 'recognises the scale of investment required and the urgency of the need'. He added: 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground.' Figures published this week by the Society of Motor Manufacturers and Traders (SMMT) showed that one in five new cars sold in Britain were battery-powered. Sales have been boosted by heavy discounting, but a rise in EV chargers is also starting to pay off. A record of nearly 3,000 charging devices were added to Britain's roads in April, equivalent to one every 29 minutes. Lilian Greenwood, the roads minister, said: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. '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 charge points across the country.' In addition to private funding, the Government has pledged £2.3bn to support the switch to EVs, with a £200m budget to help expand public charging and a dedicated £381m fund for local authorities. Zouk Capital, the private equity firm that jointly owns Believ alongside Liberty Global, is also contributing to the funding, alongside banks Santander, ABN Amro, NatWest and MUFG. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
4 days ago
- Automotive
- Yahoo
‘Cable cowboy' to put 30,000 EV chargers on Britain's roads
'Cable cowboy' John Malone is bankrolling a deal to put 30,000 new electric vehicle (EV) chargers on Britain's roads. Liberty Global, which is controlled by the US billionaire, is spearheading a £300m investment in charge point operator Believ that will improve public access to chargers across the UK. The deal will deliver a major boost to the expansion of the UK's public charging network, which is a crucial factor in persuading drivers to switch to EVs. The Government has set a target of reaching 300,000 public charge points by the end of the decade, but drivers currently only have access to around 80,000. Believ will partner with both public and private sector organisations to roll out the new chargers where they are needed most. Most of the investment will go towards on-street, residential locations to help drivers without off-street parking transition to EVs. Funding will also be allocated to rapid and ultra-rapid charging hubs, as well as rural locations. Denver-based Liberty Global is controlled by Mr Malone, a Trump-supporting billionaire who is one of the largest individual landowners in the US. The 84-year-old holds a number of US media and entertainment assets, including Formula One. He is also a shareholder and board member at Warner Bros Discovery. An aggressive dealmaker, Mr Malone's holdings in paid TV and telecoms have earned him the nickname the 'cable cowboy'. Expansion into EV charging represents a new market for Mr Malone but builds on his other business interests. Believ partners with Virgin Media O2, which is also jointly owned by Liberty Global, to deploy its charging infrastructure. Guy Bartlett, the chief executive of Believ, said the funding 'recognises the scale of investment required and the urgency of the need'. He added: 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground.' Figures published this week by the Society of Motor Manufacturers and Traders (SMMT) showed that one in five new cars sold in Britain were battery-powered. Sales have been boosted by heavy discounting, but a rise in EV chargers is also starting to pay off. A record of nearly 3,000 charging devices were added to Britain's roads in April, equivalent to one every 29 minutes. Lilian Greenwood, the roads minister, said: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. '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 charge points across the country.' In addition to private funding, the Government has pledged £2.3bn to support the switch to EVs, with a £200m budget to help expand public charging and a dedicated £381m fund for local authorities. Zouk Capital, the private equity firm that jointly owns Believ alongside Liberty Global, is also contributing to the funding, alongside banks Santander, ABN Amro, NatWest and MUFG. Sign in to access your portfolio
Telegraph
4 days ago
- Automotive
- Telegraph
‘Cable cowboy' to put 30,000 EV chargers on Britain's roads
'Cable cowboy' John Malone is bankrolling a deal to put 30,000 new electric vehicle (EV) chargers on Britain's roads. Liberty Global, which is controlled by the US billionaire, is spearheading a £300m investment in charge point operator Believ that will improve public access to chargers across the UK. The deal will deliver a major boost to the expansion of the UK's public charging network, which is a crucial factor in persuading drivers to switch to EVs. The Government has set a target of reaching 300,000 public charge points by the end of the decade, but drivers currently only have access to around 80,000. Believ will partner with both public and private sector organisations to roll out the new chargers where they are needed most. Most of the investment will go towards on-street, residential locations to help drivers without off-street parking transition to EVs. Funding will also be allocated to rapid and ultra-rapid charging hubs, as well as rural locations. Denver-based Liberty Global is controlled by Mr Malone, a Trump-supporting billionaire who is one of the largest individual landowners in the US. The 84-year-old holds a number of US media and entertainment assets, including Formula One. He is also a shareholder and board member at Warner Bros Discovery. An aggressive dealmaker, Mr Malone's holdings in paid TV and telecoms have earned him the nickname the 'cable cowboy'. Expansion into EV charging represents a new market for Mr Malone but builds on his other business interests. Believ partners with Virgin Media O2, which is also jointly owned by Liberty Global, to deploy its charging infrastructure. Guy Bartlett, the chief executive of Believ, said the funding 'recognises the scale of investment required and the urgency of the need'. He added: 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground.' Figures published this week by the Society of Motor Manufacturers and Traders (SMMT) showed that one in five new cars sold in Britain were battery-powered. Sales have been boosted by heavy discounting, but a rise in EV chargers is also starting to pay off. A record of nearly 3,000 charging devices were added to Britain's roads in April, equivalent to one every 29 minutes. Lilian Greenwood, the roads minister, said: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. '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 charge points across the country.' In addition to private funding, the Government has pledged £2.3bn to support the switch to EVs, with a £200m budget to help expand public charging and a dedicated £381m fund for local authorities. Zouk Capital, the private equity firm that jointly owns Believ alongside Liberty Global, is also contributing to the funding, alongside banks Santander, ABN Amro, NatWest and MUFG.
Yahoo
18-02-2025
- Automotive
- Yahoo
Wallbox Expands Fast-Charging in the UK Through Strategic Partnership with Believ
Partnership Set to Accelerate UK's EV Charging Infrastructure with Advanced DC Fast Charging Technology BARCELONA, Spain, February 18, 2025--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle charging and energy management solutions, and Electric Vehicle (EV) charge point operator (CPO), Believ, announced today a strategic partnership to roll out Wallbox's rapid and ultra-rapid charge point solutions across the United Kingdom. The partnership will introduce Wallbox's comprehensive DC fast charging portfolio, including the company's 60kW, 120kW, 150kW, and 220kW Supernova models, significantly expanding the availability of high-power charging options throughout the UK. These cutting-edge chargers are designed to meet the growing demand for rapid charging at strategic locations where drivers typically spend less time, such as along major travel routes and at popular retail destinations. "Partnering with Believ allows us to bring our high-performance charging technology to more drivers across the UK, ensuring they have access to fast, reliable charging where they need it most," said Douglas Alfaro, Chief Fast Charging Officer at Wallbox. "With our scalable solutions, we're not only addressing today's charging needs but also supporting the UK's transition to an electrified future." Wallbox's DC fast charging technology offers a future-proof solution that can be scaled to meet increasing demand, allowing charge point operators to efficiently expand their networks as EV adoption grows. The partnership has already achieved its first milestone with an initial installation in Scotland, marking the beginning of a nationwide rollout. "Our goal is to deliver the robust infrastructure that not only serves existing EV drivers but also encourages more to make the transition away from petrol and diesel vehicles," said Guy Bartlett, Chief Executive Officer at Believ. "Drivers need to see charging technology working well at convenient locations that serve regular journeys, as well as their favorite restaurants, coffee shops, and supermarket destinations. Crucial to this is that CPOs deliver the full range of charging speeds depending on site needs and driver dwell times." Believ, backed by Liberty Global and Zouk Capital, which manages the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF), will leverage Wallbox's technology to enhance the UK's charging infrastructure. This collaboration represents a significant step in Wallbox's expansion in the UK market and reinforces the company's position as a leading provider of EV charging solutions globally. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 115 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit About Believ Believ, the trading name of Liberty Charge Limited, is an electric vehicle (EV) charge point operator (CPO) on a mission to deliver cleaner air for all. It installs, operates and maintains all speeds of publicly accessible charge points at zero cost to both public and business sectors. Believ uses 100% renewable energy as part of its overarching passion and commitment to minimising the effects of climate change. Believ is funded by Liberty Global Ventures and Zouk Capital, the manager of the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF). Believ partners with sister company Virgin Media O2 in the deployment of charging infrastructure, enabling the installation of charge points at scale and pace throughout the UK. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the private placement. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from the conflict between Russia and Ukraine; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; as well as the other important factors discussed and incorporated by reference under the heading "Risk Factors" in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2023, and as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. View source version on Contacts Wallbox Media Contact:Albert Sign in to access your portfolio
