Bayford Group is pleased to announce that it has commenced its EV charging infrastructure roll-out strategy following its investment in RAW Charging Group (“RAW Charging”) earlier in the year. The roll-out, which is being delivered by RAW Charging, is across multiple sites in the UK for a variety of blue chip customers.
Since 1919, the Bayford Group has been an experienced investor in a diverse portfolio of energy related businesses. The investment in RAW Charging, a rapidly growing provider of electric vehicle charging solutions and infrastructure for the UK’s net zero future, was a natural progression for Bayford. Jonathan Turner and Liz Slater both joined the Board of RAW Charging in March and have helped oversee the roll-out of the RAW Charging-owned EV charge points.
RAW Charging is operating in the underserved, high-growth destination EV charging marketplace. The Company is establishing a network of EV charging infrastructure assets, primarily across the UK, to enable EV drivers to charge their vehicles at their destinations, typically at workplace, leisure facility or transport hub carparks, as opposed to at home or on-route. The availability of destination charging is expected to be a critical step in mass EV adoption, particularly for those drivers unable to charge their vehicles at home.
RAW Charging has now commenced installing EV charge points at multiple sites for McArthurGlen, Europe’s leading owner, developer and manager of designer outlets, and for Greene King, the UK’s leading pub retailer. RAW Charging is also negotiating agreements to provide EV charging infrastructure at several thousand sites across the UK on behalf of blue-chip property portfolio owners in the leisure, transportation and commercial property sectors.
Bayford is also the largest shareholder in Fulcrum Plc, based in Sheffield, a multi utility infrastructure business which provides industrial, commercial, and residential electricity, gas, EV, hydrogen and multi-utility connections. Fulcrum is one of RAW Charging’s installation partners.
For over 100 years Bayford has been an energy business, having started as a coal merchant in 1919 and continually transitioning by investing into a diverse portfolio of companies with both energy and transport mobility at the core of the business. Bayford has evolved entrepreneurially in the energy markets as the UK energy mix has changed over the last century and is today at the forefront of the next generation of energy supply.
Jonathan Turner, CEO, Bayford Group, said: “At Bayford we remain committed to investing in the energy transition and our investment in RAW Charging is a further example of that. We started our own separate EV business a few years ago but identified RAW as being way ahead so wanted to work with Bruce and his team.
“RAW is taking advantage of the underserved, fast growth destination EV charging market. There is an energy revolution going on and it is beyond exciting to be right at the start of it.”
Bruce Galliford, CEO, RAW Charging, said: “We are growing rapidly with an ambitious pipeline in place to install EV chargers throughout the UK and Bayford will assist us in this growth phase. We believe our business model is perfectly placed to generate captive returns for our investors from a large portfolio of EV assets and we look forward to continuing to deliver on our growth plans.”