Travers Smith LLP has advised InstaVolt Limited ("InstaVolt") and its management team, on its acquisition by EQT Infrastructure V fund ("EQT Infrastructure").
InstaVolt is one of the leading rapid electric vehicle charging network operators in the UK, with a nationwide network of approximately 700 rapid electric vehicle charge points. InstaVolt’s charge points are most often situated at retail, food, beverage and forecourt sites, offering a convenient service for the end-user who can combine their charge with other day-to-day activities. Current partners include McDonald’s, Costa Coffee and Booths, among others. EQT Infrastructure's acquisition should assist InstaVolt to significantly to accelerate its expansion of charge points across the UK, and support the mission to roll out 10,000 rapid EV chargers by 2032.
The Travers Smith team was led by Corporate Partner Jonathan Walters, with support from Senior Associates Stuart Boath and Joe Knox and Tax Partner Simon Skinner, with support from Tax Senior Associate Hugh Brooks.