Gridserve Shows EV Charging Infrastructure Can Deliver Both Climate Impact and Commercial Returns

Gridserve has reported 45% year-on-year revenue growth and achieved positive EBITDA for the first time, strengthening the business case for large-scale EV charging infrastructure. The results suggest the UK’s transition to electric mobility is entering a new phase, where sustainability outcomes and commercial viability increasingly go hand in hand

Gridserve reaches profitability as EV charging demand accelerates

Gridserve, the UK’s most-used public EV charging network, has reported revenues of £64 million for the year ending 31 December 2025, representing 45% year-on-year growth.

The company also achieved a significant financial milestone by delivering positive EBITDA at group level for the first time, reporting £3 million in group EBITDA, while its charging network generated £26 million in EBITDA, equivalent to a 40% margin.

The results provide evidence that public EV charging infrastructure can evolve from a capital-intensive climate solution into a commercially sustainable business model.

Since 2023, Gridserve ‘s revenues have grown at a compound annual growth rate (CAGR) of 55%, reflecting rising EV adoption and increasing utilisation across the network.

The commercial case for sustainable transport infrastructure strengthens

The debate around the economics of EV charging infrastructure has often focused on whether operators can achieve sufficient utilisation to generate sustainable returns.

Gridserve’s latest results suggest that question is increasingly being answered.

During 2025, the network completed more than three million charging sessions, supported by growing consumer confidence in public charging and demand for reliable, convenient infrastructure.

Leadership focus sharpens the business strategy

The milestone follows a period of renewed strategic focus under CEO Daniel Kunkel, who joined Gridserve in March 2025 after previous roles at Shell and ubitricity.

Since his appointment, the company says it has streamlined its portfolio and strengthened commercial execution across its charging operations.

Daniel Kunkel, CEO of Gridserve, said:

“This strong set of results demonstrates the commercial strength of our platform at a time when EV adoption and demand are accelerating across the UK. We continue to build a network that drivers trust and rely on, providing a leading customer experience that delivers convenience.

“It’s more important than ever that the EV infrastructure investment is supported by a stable long-term framework from the government. We remain committed to playing our part in supporting this transition, and we are keen to engage with government on how we can collectively accelerate EV adoption, support UK growth, and build the infrastructure the country needs.”

Reliability and customer experience become competitive differentiators

Beyond financial performance, Gridserve’s results suggest that customer experience is becoming a key factor in driving EV adoption.

The company reported 99% availability across its network of more than 200 operational sites, positioning reliability as a central part of its value proposition.

Customer satisfaction metrics also remained strong. Gridserve holds a Trustpilot rating of 4.2, ahead of its major competitors, and received recognition as a Zap-Map Driver Recommended Network 2026 and Charging Network of the Year 2025 from Electrifying.com.

Expanding infrastructure to support transport decarbonisation

Gridserve continues to invest in expanding the UK’s charging ecosystem as the network now includes more than 1,600 ultra-rapid charging bays, an increase of 19% year-on-year, spanning over 200 locations across the UK’s strategic road network.

The business plans to add a further 500 ultra-rapid charge points during the coming year, alongside the opening of a new Electric Forecourt at Markham Vale near the M1 in summer 2026.

The company’s ambitions extend beyond passenger vehicles as heavy goods vehicles remain one of the most challenging segments to decarbonise.

In 2025, Gridserve launched its Electric Freightway programme, supported by funding from the Department for Transport, opening the UK’s first public electric heavy goods vehicle (eHGV) charging hubs at Extra Baldock and Moto Exeter.

By investing in charging infrastructure for freight operators, the company is addressing a critical gap in the transition to lower-carbon transport.

The initiative reflects growing recognition that achieving national climate targets will require solutions that support the decarbonisation of commercial fleets alongside private mobility.

Innovation focused on resilience and accessibility

Gridserve is also piloting battery storage technologies to strengthen network resilience at grid-constrained locations.

Working in partnership with Ameresco, National Highways and Roadchef, the company is exploring ways to maintain high-power charging availability even where grid capacity remains limited.

The business also introduced Autocharge during 2025, enabling drivers to simply plug in and charge automatically without using payment cards.

Reducing friction in the charging experience is increasingly seen as an important factor in accelerating consumer acceptance of electric mobility.

Investors see EV charging emerge as a mature asset class

The company’s shareholders highlighted the significance of the results beyond GRIDSERVE itself.

Andy Matthews, Chief Investment Officer at Infracapital and Gridserve co-shareholder, said:

” Gridserve’s strong results this year mark a defining moment – not just for the business, but also for EV charging as an asset class. Achieving EBITDA positivity at scale demonstrates how long-term, patient capital can drive commercial returns while addressing a critical national need.

“We remain committed to supporting the management team as it continues building the backbone of the UK’s clean transport network.”

Jamie Gilbert, Business Unit Partner at TPG Rise Climate, added:

“Having seen Gridserve‘s momentum firsthand for over five years, we’re encouraged by the business’s growing financial strength and are excited to continue to invest in growing the network. These results underscore the increasing demand for reliable, high-quality EV charging infrastructure.”