Evie Networks secures AUD $50m to expand national EV chargers

Evie Networks has secured a AUD $50 million senior debt facility from fund manager Infradebt to expand public electric vehicle fast-charging infrastructure across Australia.

The funding facility, backed by Australian superannuation funds, marks the country's first commercial infrastructure debt for public direct current fast charging. Investors cite the transaction as a signal of increasing confidence in electric vehicle (EV) charging as a mainstream category of national infrastructure.

Investor backing

According to Evie Networks, more than 600,000 kilometres of electric travel are powered daily by its network. The company is set to commission its 1,000th charging point this month.

The facility is structured as a non-recourse senior debt, making it the first of its kind for public EV charging in Australia. It represents a shift away from venture capital financing towards conventional infrastructure debt models, aligning the EV charging sector with more traditional infrastructure assets in the eyes of investors.

"This funding is more than a milestone for Evie – it signals that public EV charging is now recognised as main-stream national infrastructure. The support of superannuation funds shows that investors are moving beyond traditional assets and backing this new infrastructure that will shape Australia's energy and transport future. Only a small number of companies globally have achieved this."

Chris Mills, Chief Executive Officer of Evie Networks, provided the above statement noting the broadening scope of superannuation fund investments into areas that deliver both financial returns and environmental benefits.

Market momentum

The development comes at a time of rising electric vehicle sales in Australia. In the second quarter of 2025, nearly 30,000 battery electric vehicles (BEVs) were registered across the country, representing 9.3 percent of all new car sales for the period - a 63 percent increase over previous records. BEVs also accounted for 22.2 percent of new medium SUV sales.

With demand for public charging infrastructure increasing, Evie Networks is expanding its coverage with over 950 charge points already operational nationwide. The company sees the expanded network as vital to ensuring the accessibility and reliability needed for current and future EV users.

Support from Infradebt

"Infradebt is pleased to partner with Evie Networks – which has established a market leading position in the Australian public EV charging market. Decarbonisation of the transport sector is a critical part of the transition to net zero and we see battery electric vehicles and the infrastructure to support them as a critical part of this transition."

Alexander Austin, Co-Founder and Chief Executive Officer of Infradebt, said the company's entry into the EV charging sector reflects its belief in the maturity and growth potential of the asset class. He added, "Infradebt has been impressed by the Evie team, their strategy and capacity to execute. Infradebt considers that Evie is exceptionally well positioned to grow and support Australia's transition to electric vehicles, and we're pleased to be able to support Evie on the next leg of their journey."

Foundation and growth

Private investment firm StB Capital Partners has been involved in Evie Networks' evolution since its inception, providing ongoing capital that has allowed the business to transition from start-up stage to national operator.

"Evie Networks is a world class example of how patient specialist capital can work with class leading management to build the next generation of clean energy infrastructure in Australia. We are delighted to be partnering with Evie Networks and Infradebt in this growth phase and building on Evie Networks' market leadership position."

Chris Hay, Chief Executive Officer and Managing Partner of StB Capital Partners, made the above remarks about the company's role and ongoing partnership in Evie Networks' growth stage.

Australian context

According to the parties involved, this transaction aligns Australia with other countries where infrastructure debt is now a recognised funding mechanism for EV charging networks. The facility is intended to support the continued expansion of Evie Networks' infrastructure and to help maintain its market position as superannuation funds broaden investment in assets supporting Australia's clean energy shift.