Liberty Global's corporate venturing unit owns half of a newly formed venture aimed at building electric vehicle charging points using underground telecommunications wiring.
Liberty Global Ventures, the corporate venturing arm of cable and telecommunications firm Liberty Global, has carved out a UK-based electric vehicle charging business called Liberty Charge in a 50-50 partnership with fund manager Zouk Capital.
Liberty Charge will implement street-side vehicle charging points in neighbourhoods across densely populated UK cities which lack parking space for household-specific chargers, working in tandem with local governments and operators of existing charge points.
The chargers will leverage electricity and communications capacity from existing underground…
