Zouk Capital achieves second close for Charging Infrastructure Investment Fund (CIIF)

Zouk Capital has achieved the GBP80 million (US$99.54 million ) second close for its Charging Infrastructure Investment Fund (CIIF). The second close was anchored from the private sector by Church Commissioners for England, with funding matched by HM Treasury.

The Fund now has a total of GBP150 million (US$184.8 million) deployable capital, following the first close announced at the launch in September 2019.

CIIF is dedicated to catalyzing the rollout of a robust and diversified public EV charging infrastructure that is required to support the electrification of vehicles throughout the UK. The first investment from the fund was made in InstaVolt, which develops, installs, owns, and operates rapid EV charging stations in the UK and has plans to bolster UK rapid charge points nationally to 5000.