Aviva Investors has made a £110 million ($119 million; €123 million) equity investment in Connected Kerb, a builder, owner and operator of electric vehicle charging infrastructure. As well as backing the company, which plans to install 190,000 on-street EV charging points by 2030, Aviva’s real assets team has appointed Connected Kerb to roll-out EV charging infrastructure across its real assets portfolio.
The context: Aviva has a real assets portfolio valued at around £50 billion. It was an early mover in plotting a path to net-zero greenhouse gas emissions across its real assets portfolio. Early last year it unveiled a plan to get there by 2040. The Connected Kerb deal is a step on that route.