Instavolt Charges into Cedarwood at Chineham Park
26 January 2017
the fast growing rapid electric charging point company has acquired Unit 6
Cedarwood, totalling 5,025 sq ft on a new lease from the Landlords
Patrizia. The company, headed by CEO Tim
Payne, aims to improve air quality and reduce carbon emissions by making the UK
an easier place to drive an electric vehicle.
InstaVolt aims to assist this by introducing more than 3,000 rapid
charging points across the UK by 2020.
The freestanding 50kw rapid charging units will be on a pay-as-you-go
basis and can provide an 80% charge in just 30 minutes.
company, which has recently received a £12m equity investment from ZoUK
Capital, is working with local authorities, businesses and land owners across
the UK to install the rapid charging points.
Payne said: "The electric vehicle market has the potential to dramatically
reduce pollution in the UK. Basingstoke
is the perfect place for our headquarters with the town being one of the top
three fastest growing in the UK and attracting large blue chip companies who
are forward thinking in their approach to vehicle fleets. It is also easy for us to reach our customers
across the UK with excellent access to the motorway network. We look forward to exploring how we can work with
Patrizia to provide our product on their business parks."
company, which has taken a 10 year lease, has agreed a headline rental of
£16.00 psf for the 5,025 sq ft office and laboratory building.
Batho, Director of Asset Management, Patrizia, said: "We are delighted to
welcome InstaVolt to Chineham Park. This highly innovative company is looking
to improve air quality by making the latest rapid charging technology easier to
find and use. As enquiries from the tech sector continue to grow, this latest
addition to Chineham Park demonstrates why so many smart companies are keen to
Newman of joint agents Hollis Hockley said: "As well as benefiting from the
connectivity and on-site amenities offered by Chineham Park, InstaVolt has
chosen a location which provides a prestigious headquarters building in a
naturally landscaped environment.".