Since launching in 2016, Osprey Charging Network has grown into one of the UK’s leading providers of rapid and ultra-rapid EV charging infrastructure. Their mission is clear: to deliver a reliable, customer-focused network that supports the UK’s transition to electric transport.
When Osprey began planning the next phase of its expansion, the challenge was obvious. Demand for public charging is rising, driven by national transport electrification and the fact that around 20% of UK households will rely entirely on public charging. To meet this need, Osprey required significant funding to accelerate the rollout of high-utilisation charging sites across the country, and they needed more than just funding - they needed a partner who understood their industry and could grow with them.
Osprey felt that our sector expertise and commitment to helping businesses transition to net-zero made us the right partner to join a multi-bank funding deal.
As a result of the partnership, Aldermore were able to provide £25m towards an overall £110m senior debt facility, refinancing a previous debt facility and unlocking extra capital for their pipeline, allowing them to focus on their mission to provide reliable, customer-centric and sustainable EV infrastructure.
Ian Johnston, CEO of Osprey Charging, noted that Aldermore’s support went beyond merely numbers as it was a complicated transaction that involved multiple teams in an ever-evolving sector:
“What impressed us most about Aldermore was their positive, can-do attitude combined with a calm and highly methodical approach. They asked the right challenging questions, tested every assumption thoroughly, and worked collaboratively to put strong mitigations in place. Their balance of rigour, pragmatism, and genuine partnership made the process both robust and constructive.”
Lauren Pamma, Head of Energy and Infrastructure at Aldermore, said:
"Getting the UK ready for the EV transition means delivering infrastructure that drivers can count on. Osprey’s approach of putting customer experience and site quality at the heart of their strategy aligns perfectly with our commitment to backing sustainable, future-ready businesses. We’re proud to support their continued expansion by participating in this multibank facility."
With Aldermore as a strategic growth partner, Osprey has the power to accelerate its ambitious plans - driving the nationwide expansion of en-route and destination charging and enabling more drivers to make the switch to electric. Our flexible funding, deep sector expertise, and hands-on support have helped transform their vision into reality.
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