Centrus Supports Strategic EV Infrastructure Expansion with £17.6m Financing for Zood Infrastructure Ltd (Zood).

Transaction overview

Zood Infrastructure Ltd, a wholly owned subsidiary of SDCL Efficiency Income Trust plc (SEIT), has successfully secured £17.6 million in long-term financing from NatWest to accelerate the expansion of its UK-wide electric vehicle (EV) charging network. This funding supports Zood’s infrastructure-as-a-service model, which is built on inflation-linked, availability-based revenues secured through long-term contracts with leading charge point operators.

In addition to the core facility, NatWest has also made available an uncommitted facility of up to £40 million to support Zood’s growing pipeline of projects.

Centrus acted as financial advisor to SEIT on the transaction providing debt and risk advisory services, led by Barney Harris and Christos Deligiannis. Legal advisers were Watson Farley & Williams (Zood) and Herbert Smith Freehills Kramer (NatWest).

“We are very pleased to be partnering with NatWest to support the roll-out of much-needed electric vehicle charging infrastructure across the United Kingdom. The current platform of 34 ultra-fast charging sites represents years of work and is very well positioned to accelerate its growth, in which NatWest will be a key partner“

Ben Griffiths – Fund Manager, SEIT

“We are delighted to support Zood Infrastructure in its mission to expand the UK’s electric vehicle charging network. This financing underscores NatWest’s commitment to sustainable energy solutions and highlights our role in accelerating the transition to a low-carbon economy by investing in vital infrastructure.” 

Bruce Riley – Managing Director, Head of Energy Transition, NatWest

“Centrus is delighted to have acted as financial advisor to SEIT to arrange this competitive financing package from NatWest to support Zood’s future growth and rollout of electric vehicle charging infrastructure. Electric vehicles are critical to the UK’s net zero strategy requiring a significant investment in charging infrastructure and providing significant market opportunity for Zood over the coming years.” 

Scott Douglas – Senior Director, Centrus

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