Big Idea:
French fast-charging provider Electra has successfully raised €304 million (USD $330 million) in equity funding. The cash injection will help Electra achieve its goal of installing 2,200 stations housing 15,000 charging points across Europe by 2030.
Why It Matters:
The fundraising is the largest in the charging sector's history in France and the second-largest in Europe. Headquartered in Paris, Electra has grown immensely since their launch in 2021 thanks to widespread EV adoption in Europe and a collective effort to reduce carbon emissions.
Key Details:
- Electra's app analyzes vehicle details, charging station availability, and power options, recommending optimal charging solutions.
- The funding round was led by PGGM, with participation from Bpifrance, Eurazeo, RIVE Private Investment, SNCF group, and Serena.
Aurélien de Meaux, Co-founder and CEO of Electra, emphasizes, "The transition to electric mobility is a key aspect of the energy transition, with the transportation sector being the largest CO2 emitter in France. We are creating a network that is very easy to use, making the transition to electric vehicles desirable and not a constraint."
What's Next:
Electra aims to become a pan-European player in the fast charging EV infrastructure market. The company's strategic deployment of nearly 1,000 charging points across several European countries sets the stage for their growth.
<script type="application/ld+json">
{
"@context": "https://schema.org",
"@type": "Article",
"mainEntityOfPage": {
"@type": "WebPage",
"@id": "https://www.themoney.game/stories/electra-attracts-eu304m-to-expand-ev-charging-infrastructure-across-europe"
},
"headline": "Electra Attracts €304M to Expand EV Charging Infrastructure Across Europe",
"description": "This is the largest fundraising in the charging sector in France and shows Europe's collective effort to reduce carbon emissions.",
"image": "",
"author": {
"@type": "Organization",
"name": "The Money Game",
"url": "https://www.themoney.game"
},
"publisher": {
"@type": "Organization",
"name": "",
"logo": {
"@type": "ImageObject",
"url": ""
}
},
"datePublished": "2024-01-24"
}
</script>
Subscribe to our weekly newsletter
Browse by category
