Liberty Charge said it will provide the “under-the-pavement power” and communications infrastructure necessary for charging in residential areas in towns and cities.
Liberty Global Ventures and Zouk Capital have announced a joint venture partnership to roll out on-street residential electric vehicle charging points in UK towns and cities.
Liberty Charge said it will provide the “under-the-pavement power” and communications infrastructure necessary for charging in residential areas.
It will make use of the connectivity network, infrastructure deployment capabilities and relationships with local authorities of Liberty Global’s brand, Virgin Media.
The joint venture aims to provide charge point operators and local authorities with plug-and-play on-street charging facilities in large cities and towns where many residents don’t have access to off-street parking.
The 50:50 joint venture was originally set up as an incubation initiative within Liberty Global Ventures last year.
Zouk is the manager of the Charging Infrastructure Investment Fund (CIIF), the dedicated fund established by the UK Government in 2019 and backed by HM Treasury to help develop public charging infrastructure points for electric vehicles throughout the UK.
“CIIF’s central objective is to scale open-access, public EV charging networks for the UK consumer and this is exactly what Liberty Charge will achieve for the thousands of car owners, who do not have access to off street parking,” said Massimo Resta, partner at Zouk Capital.
“CIIF’s central objective is to scale open-access, public EV charging networks for the UK consumer and this is exactly”
“Liberty Global’s infrastructure deployment capabilities and Virgin Media’s extensive connectivity network make it perfectly positioned to rapidly deploy on-street residential charging in UK towns and cities, and we are excited to be partnering with them on this opportunity.”
The partnership supports Liberty Global’s efforts in this space following on from its Virgin Media Park and Charge (VPACH) project, which aims to deploy 1,200 charging sockets in towns and cities across the country by early 2021.
Access to public electric vehicle charging is a key initiative within the UK government’s drive to reduce net carbon emissions to zero by 2050. Providing on-street residential charging is a core component of Zouk’s Charging Infrastructure Investment Fund strategy.
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