Vendor due diligence: public EV charging

A UK-based EV charging provider engaged LCP Delta to support its fundraising process as it looked to scale its presence in the growing public charging segment. With a target raise >£50 million, the company sought to demonstrate its market potential and competitive positioning to investors. LCP Delta worked alongside the client’s corporate finance advisor to deliver a robust and independently validated market view.

Client needs and key question(s)

The client required a comprehensive market assessment to support the preparation of their Information Memorandum and investor materials. Key questions included:

• What is the mid- to long-term outlook for the UK public EV charging market, particularly the destination & transit charging segments?
• How is value created in the segment, and what are the external and internal drivers of this value?
• How well positioned is the client relative to competitors?
• What evidence can be presented to substantiate the growth opportunity for investors?

What we did

LCP Delta delivered a tailored vendor due diligence focused on:

• Market outlook: Provided compelling forecasts of EV uptake, charging behaviours, and public EV charging market growth trajectory, including infrastructure rollout, utilisation trends, and revenue potential in the next decade.
• Value driver analysis: Assessed the external market conditions and internal business levers influencing the client's revenue model and profitability.
• Competitive positioning: Benchmarked the client against key competitors, highlighting differentiators in service offering, partnerships, and go-to-market approach.

Our findings were used to shape the content of the Information Memorandum and are being shared directly with potential investors.

The results

The report provided an independent view supporting the client’s opportunity. The client’s fundraising process is currently underway, supported by our insights and active engagement with prospective investors.