Believ Secures £300M for UK EV Charging Expansion

London, United Kingdoms- Believ, an Electric Vehicle (EV) charge point operator (CPO), backed by Liberty Global and Zouk Capital, has secured £300 million to install at least 30,000 public chargers across the UK.

The funding, supported by banks like Santander, ABN Amro, NatWest, and MUFG, makes Believ one of the UK’s best-funded charging companies.

This move supports the UK Government’s goal of 300,000 public chargers by 2030 and helps drivers switch to electric vehicles. Believ will work with both public and private partners to place chargers in the right locations—helping local communities cut emissions and improve air quality

Mr. Guy Bartlett, Believ CEO, said, “It recognises the scale of investment required and the urgency of the need,” he says. “Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground. At Believ, we are very proud to be at the heart of this journey.” 

Mr. Jonathan Pearson, Chairman, Believ and CFO, Liberty Growth at Liberty Global, 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.” 

Mr. Massimo Resta, Partner at Zouk Capital, said, “This landmark investment is a major moment – not just for Believ, but for the UK’s electric future. The EV market is at an inflection point. EV penetration is expected to accelerate driven by the arrival of new mass-market vehicles at attractive price points. The EV charging rollout required to support the transition needs long-term private investment with strong partners. With this level of funding, Believ has the commercial strength, operational expertise, and local insight to deliver what communities and landowners need – on-street, town-centre, destination, and on-route charging – at real scale and pace. We are very excited about the opportunity in front of us and are proud to support Believ as it helps build the infrastructure backbone of a net zero Britain.”  

Zouk Capital, manager of the UK Government’s Charging Infrastructure Investment Fund (CIIF), is a leading investor in EV charging across Europe with seven successful projects so far.

The UK Government has committed £2.3 billion to support the EV transition, including £200 million for public charging and £381 million through the LEVI Fund for local councils in England.

Believ’s recent £300 million funding shows how private investment is helping to rapidly grow the UK’s EV charging network, making it easier for drivers to charge anywhere.

Mr. Lilian Greenwood MP, Minister for the Future of Roads at the Department of Transport, said, “We’re making it easier for everyone to charge their EVs, wherever they are. Believ’s investment shows strong support for the UK’s switch to electric and highlights how government and industry are working together to grow the charging network.

Through our £2.3bn investment plan, we’re supporting the EV transition, securing trade deals, and boosting UK carmakers to protect jobs and grow the economy.”