Be.EV Secures £55 Million Debt for EV Fast Charging Network Expansion

• Be.EV, a UK electric vehicle (EV) charging network, has secured £55 million in debt funding from NatWest and Germany's KfW IPEX-Bank.
• Founded in Greater Manchester in 2019, Be.EV manages over 700 charging points across the UK, with plans to add 300 more by the end of 2024.
• This funding will support the expansion of Be.EV's network to over 1,000 rapid and ultra-rapid charge points, targeting communities without fast charging options.
• Most of the new chargers will be ultra-rapid, capable of charging an EV to 80% in 20 minutes.
• The expansion will benefit Manchester and the North West, where Be.EV has already installed over 600 charge points.
• All chargers will be powered by renewable energy from Octopus Energy, supporting Be.EV's commitment to a green transport system.

Source: Tech.EU

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