GRIDSERVE, the UK’s most-used public electric vehicle charging network, has reported revenues of £64 million for the period ending 31 December 2025, marking 45% year-on-year growth.
The strong financial performance reflects the commercial viability of large-scale public EV charging infrastructure in the UK, even against a challenging policy backdrop.
The network delivered EBITDA of £26 million, representing a margin of 40%, with revenues growing at a compound annual growth rate of 55% since 2023.
At group level, GRIDSERVE reached EBITDA of £3 million, achieving positivity for the first time in the company’s history.
The results come under the leadership of CEO Daniel Kunkel, who joined GRIDSERVE in March 2025 following stints at Shell and ubitricity, sharpening the business’s focus on core EV charging operations.
Daniel Kunkel 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.”
Kunkel added: “It’s more important than ever that the EV infrastructure investment is supported by a stable long-term framework from the government.”
Throughout the year, GRIDSERVE achieved 99% availability across its 200 operational sites, maintaining a Trustpilot rating of 4.2, ahead of all major competitors in the sector.
The business was named a Zap-Map Driver Recommended Network 2026 and Charging Network of the Year 2025 by Electrifying.com, underlining its lead on customer satisfaction.
GRIDSERVE’s network now spans more than 1,600 ultra-rapid charging bays, up 19% year-on-year, across more than 200 locations on the UK’s strategic road network.
In 2025, the company launched its Electric Freightway programme, backed by Department for Transport funding, opening the UK’s first public electric heavy goods vehicle charging hubs at Extra Baldock and Moto Exeter.
GRIDSERVE has also been piloting battery storage solutions in partnership with Ameresco, National Highways and Roadchef to maintain high-power charging at grid-constrained locations across the network.
The company launched Autocharge in 2025, a plug-and-go feature allowing drivers to charge automatically without needing payment cards, simplifying the overall customer experience.
A further Electric Forecourt is due to open at Markham Vale, off the M1, in summer 2026, with plans to add 500 or more ultra-rapid charge points across the strategic road network during the year.
Andy Matthews, Chief Investment Officer at Infracapital, 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.”
Jamie Gilbert, Business Unit Partner at TPG Rise Climate, commented: “These results underscore the increasing demand for reliable, high-quality EV charging infrastructure.”
GRIDSERVE is backed by long-term investors TPG Rise Climate and Infracapital, providing the financial foundation to support the next phase of network expansion across the UK.