Rollout of electric vehicle charging points in the UK must become five times quicker

Commenting on how the rollout of electric vehicle charge points must become five times quicker according to Think tank Policy Exchange, Andrew Aldridge, Partner at Deepbridge Capital, said: “The production and use of electric vehicles (EVs) has and will continue to soar as traditional companies adapt to a global push towards decarbonising the automobile industry. The sector continues to be at the forefront of fascinating and fast-moving technological innovation as the motor industry and the tech giants meet to help make EVs the norm. This includes all aspects across the industry, including but not exclusive to, battery innovation, manufacturing change, material supply chains, development of EV tyres and ancillaries, charging infrastructure and commerce developments. There are however justified concerns around the rapid adoption of electric vehicles in the UK due to the limits on the speed of rolling out the charging infrastructure. There are currently a number of small companies developing and implementing charging infrastructure strategies but there is also a reasonable degree of uncertainty about the future patterns of consumer behaviour which creates a level of risk in these business models.

“One of Deepbridge’s investee companies, Flex-G, is aiming to revolutionise the charging of EVs and create greater battery efficiency through the development of nano-particle technology. Such technology is needed in order to drastically reduce EV charging times and increase battery range, in order that consumers may realistically switch from combustion to electric power. We expect a significant amount of small companies to emerge in the EV space, particularly in the charging infrastructure sector as the world adapts to the widespread use of EVs.”

About Deepbridge Capital

Deepbridge Capital aims to redefine the growth capital market by providing private investors with access to opportunities which are sourced, reviewed and managed by its team of sector specialists. Supporting energetic, passionate and knowledgeable management teams, Deepbridge seeks to identify highly innovative companies to grow into highly successful companies, with a view to providing optimal returns to investors. As investment specialists in the technology, life sciences and renewable energy sectors, Deepbridge works with investee companies throughout their funding journey with an eye always on producing a suitable exit for investors. For further information, please visit www.deepbridgecapital.com.

Source: Press Release / Comments from Deepbridge Capital - 2nd February 2021