EV charge point operator Believ has secured a $380 million investment facility to install 30,000 public charging stations across the UK, marking one of the largest private funding rounds in the sector. The financing is backed by joint owners Liberty Global and Zouk Capital, with support from Santander, ABN Amro, NatWest and MUFG. This significant injection positions Believ among the best-funded charge point operators in the country, a critical step as the UK targets 300,000 public chargers by 2030. The investment will focus on expanding on-street residential access, rapid charging hubs, and underserved rural areas, directly addressing infrastructure gaps that are slowing EV adoption.
“This funding signifies a major commitment from private industry: it recognizes the scale of investment required and the urgency of the need,” said Believ CEO Guy Bartlett. The initiative underscores the value of cross-sector collaboration, as Believ partners with local authorities and private businesses to meet regional needs. Zouk Capital’s Massimo Resta called it “a major moment—not just for Believ, but for the UK’s electric future,” noting that EV adoption is nearing a critical inflection point. With the support of Virgin Media O2 as delivery partner and Zouk’s leadership in the Charging Infrastructure Investment Fund, Believ is set to play a central role in the UK’s push toward a net-zero transport system.
