Richard Branson-backed Gridserve loses over £80m and cuts jobs

Gridserve loses over £80m as chargepoint sector struggles

Much has been written about the struggling sales, missed targets and cliff-edge depreciation that electric cars are subject to, but some EV chargepoint firms are also having a tough time, with Gridserve recently publishing an £82.7m loss for the last financial year.

Sir Richard Branson-backed EV charging network cuts jobs as losses balloon

Gridserve has reported a pre-tax loss of £82.7m for its latest financial year, according to new accounts filed with Companies House

Richard Branson-backed Gridserve loses over £80m and cuts jobs

Gridserve, the electric vehicle (EV) charging network backed by the likes of Sir Richard Branson, cut jobs as it lost more than £80m in 2024, it has been revealed. The Swindon-headquartered business has reported a pre-tax loss of £82.7m for its latest financial year, according to new accounts filed with Companies House. Gridserve had previously posted a pre-tax loss of £54.8m in 2023. The results also show the firm’s headcount reduced in the 12 …