Eversheds Sutherland advises on Be.EV’s multimillion-pound deal to accelerate growth of UK public charging network

The deal marks a major milestone in a nascent sector for debt and cements Be.EV’s status as an industry leader. 

The funds will be used to drive the expansion of Be.EV’s charging network, which is on track to operate more than 1,000 publicly accessible rapid and ultra-rapid charge points nationwide by the end of 2024.

Alex Carver, Partner and Global Co-Head Energy & Infrastructure Finance led the Eversheds Sutherland team comprising Partner Andrew Burns (real estate), Peter Greenall, Legal Director and Eunice Wong, Associate (both banking).

The chargers will be powered by renewable energy from Octopus Energy – a majority shareholder in Be.EV, and one of Europe’s largest renewable energy investors – ensuring the move to a totally green transport system is achieved.

Alex Carver, Eversheds Sutherland, commented:

“A notable and exciting transaction, the successful delivery of which is testament to a tremendous team effort. We’re delighted to have been part of this journey and helping Be.EV to secure such a fantastic result.” 

Asif Ghafoor, CEO of Be.EV, commented: 

“Eversheds Sutherland brought an ideal combination of in-depth, technical industry knowledge and financing acumen to help ensure the swift delivery of this complex, landmark deal. We’re thrilled and look forward to working with them on future opportunities.”