Australia’s largest EV fast-charging network Evie Networks has secured a $50 million debt facility with specialist fund manager Infradebt.
The transaction marks the first non-recourse senior debt facility secured in Australia for public DC fast charging, and the entry of infrastructure debt financiers into Australia’s newest infrastructure asset class.
Related articled: Akaysha Energy secures $300M debt facility to drive growth
Evie Networks CEO Chris Mills said, “This funding is more than a milestone for Evie—it signals that public EV charging is now recognised as mainstream national infrastructure.
“The support of superannuation funds shows that investors are moving beyond traditional assets and backing this new infrastructure that will shape Australia’s energy and transport future. Only a small number of companies globally have achieved this.”
With demand for fast, reliable charging infrastructure growing rapidly, Evie Networks is expanding its footprint to ensure drivers have access to convenient charging wherever they go. Evie Networks now powers over 600,000km of electric travel per day, with more than 950 charge points operating across the country. The company is on track to commission its 1,000th charge point this month, reinforcing its position as the market leader in public EV charging.
Related articled: ARENA publishes roadmap to bidirectional EV charging
Infradebt co-founder and CEO Alexander Austin said, “Infradebt is pleased to partner with Evie Networks, which has established a market leading position in the Australian public EV charging market.
“Decarbonisation of the transport sector is a critical part of the transition to net zero and we see battery electric vehicles and the infrastructure to support them as a critical part of this transition.”
