Be.EV, a mobility technology startup based in Manchester, has secured a £20 million partnership with Schroders Capital to install 200 ultra-rapid electric vehicle charging bays across 22 retail and leisure properties it manages throughout the UK.
- Founded in 2019, Be.EV operates as an expanding electric vehicle charging point network, providing fast, rapid, ultra-rapid charging solutions across various locations, including busy routes and local communities.
- To date, the firm has 750 charge points installed across more than 200 sites. Be.EV also works with property owners and landlords, allowing them to install EV chargers at their sites with no upfront costs.
Details of the deal
- Be.EV has formed a long-term partnership with Schroders Capital, a London-based investment firm offering private market investments through specialized local teams and a global platform.
- Under the agreement, Be.EV will fully fund the installation and ongoing maintenance of the charging infrastructure, using high-speed Kempower chargers capable of delivering up to 325 miles of range in around 20 minutes.
- Schroders Capital manages the selected sites, which include properties with well-known tenants such as IKEA, McDonald’s, and Costa Coffee. Be.EV will lease the charging bays on 20-year contracts with index-linked rents, giving Schroders Capital a steady, inflation-protected income stream.
“This is a landmark deal for Be.EV and we are excited to help the big brands who occupy the retail parks in Schroders portfolio benefit from the increased footfall benefits EV charging brings. I would like to congratulate all the team at Be.EV for their hard work in securing this important deal," claims Asif Ghafoor, CEO of Be.EV.
- This arrangement allows Be.EV will install additional public charging points at high-traffic sites and enable Schroders Capital to add EV infrastructure to its properties without initial capital expenditure.
