UK EV charging network Be.EV will invest £20 million to install more than 200 EV charging bays at 22 retail and leisure properties managed by Schroders Capital in the UK.
Be.EV, funded by Octopus Energy Generation's £1.5-billion Sky Fund, will install ultra-rapid Kempower chargers capable of delivering up to 325 miles of range in 20 minutes.
Charging hubs will have 6 to 12 bays and be leased on a 20-year agreement with index-linked market rents. Legal agreements have been exchanged for the first three locations.
Be.EV operates over 800 live charging bays in the UK, with plans to expand to 1,600 by 2025, supported by the £110 million funding commitment.