FRANCE – Electra, a Paris, France-based provider of a charging network for electric vehicles, raised €304M in equity funding.
The round was led by PGGM. Bpifrance, Eurazeo, RIVE Private Investment, the SNCF group, and Serena, also participated.The company intends to use the funds to expand the deployment of its charging stations.Led by CEO Aurélien de Meaux, Electra provides a network which enables the owners of for electric vehicles to reserve charging points, allowing everyone to find a station near their home and optimize their time during daily activities. Electra is also the preferred partner for professionals with many rotations (delivery drivers, taxis, etc.) who can recharge easily, benefit from services developed by the company, and enjoy dedicated rates.Electra is present in 8 countries: France, Germany, Belgium, Luxembourg, Italy, Switzerland, Austria, and Spain, with nearly 1,000 charging points already deployed. The company has formed several strategic partnerships with recognized players, including Indigo, VINCI Autoroutes, Altarea, AccorInvest, Louvre Hôtels Groupe, the Delhaize group, Toulouse Blagnac Airport, InVivo, Groupe Chopard, Stellantis, G7, Bolt, Europcar, Sixt, Honda, MG, and Hertz.Commenting on the news, Aurélien de Meaux said: “This fundraising will allow Electra to become one of the leaders in fast charging in Europe. The support from PGGM, a leading and long-term European investor, and the renewed trust of historical investors like Eurazeo, will enable us to strengthen our network and increase investments to continue expanding our coverage. 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.”17/01/2024
