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Michelmores has advised Triodos Bank UK Ltd on the financing of LEAP24, a rapidly growing provider of fast-charging infrastructure for commercial electric vehicles, supporting the expansion of its charging network across Greater London and the Netherlands.
The new loan facilities will enable LEAP24 to increase access to fast-charging stations near zero-emission zones, helping businesses transition to cleaner transport while reducing operational downtime.
In the UK, LEAP24 currently owns and operates 11 sites, with plans to expand to 34 locations and 80 DC chargers by the end of 2027. Through its network of strategically located fast-charging hubs, including sites near city centres and business parks, LEAP24 provides charging solutions designed specifically for commercial users, including vans and other larger vehicles.
Founded to accelerate the adoption of electric transport, LEAP24 also offers dedicated overnight charging facilities for businesses, helping to optimise available grid capacity and support fleet electrification.
Michelmores advised long-standing client Triodos Bank UK Ltd on all aspects of the financing. The multidisciplinary team was led by Danielle Collett-Bruce, Managing Associate (Banking), supported by Noah Jefferies, Associate (Banking) and Karen Williams, Partner (Banking). Specialist advice was provided by Ian Holyoak, Partner (Commercial), Tatiana Menezes, Associate (Commercial) and Moya Smith, Associate (Commercial). Michelmores also supported on the real estate aspects of the legal due diligence for Triodos Bank UK Ltd.
Danielle Collett-Bruce commented:
“We are delighted to have supported Triodos Bank on this financing, which will help expand critical charging infrastructure for commercial electric vehicles. Increasing access to reliable charging facilities is a key part of enabling the transition to cleaner transport, and this transaction demonstrates the important role sustainable finance can play in accelerating that shift.”
Alex Stephens, Senior Relationship Manager for Energy and Project Finance at Triodos Bank UK, said:
“LEAP24’s approach to deploying fast-charging infrastructure across Greater London, providing larger charging bays for commercial vehicles and high-usage drivers such as taxi and delivery operators, sets it apart in the market. By locating sites within zero-emission zones, LEAP24 is helping to accelerate the transition to electric transport while contributing to cleaner air and more sustainable urban environments. We are pleased to support a business that is expanding access to reliable, high-speed charging where it is needed most.”
The transaction reflects Triodos Bank UK’s ongoing commitment to financing projects that support the transition to a more sustainable economy and reduce carbon emissions through investment in clean infrastructure.