Eurazeo is delighted to announce its investment in Electra, a French company specialising in fast charging for electric vehicle (EVs). Electra is the third investment made by Eurazeo’s infrastructure strategy, after Ikaros Solar (Belgian provider of photovoltaic solutions) and Resource (Danish plastic waste sorting facility). Electra is fully aligned with the Group’s ambition to invest in energy and digital transition infrastructure and contribute to a low-carbon economy. This investment will support the decarbonisation of the transport sector, avoiding CO2 emissions by 550,000 tons by 2026 and therefore contributing to Eurazeo’s carbon-neutrality objective.
Eurazeo led a €160 million fundraising round that included several other top-tier investors: RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest) and RATP Group. It provides Electra with the required funding to support its rapid growth and achieve its objective: to accelerate its coverage of France and expand in Europe to provide fast charging solutions. Electra is the only fast charging specialist in France and will now have the means to compete with major European players.
The quality of its offering is underpinned by agreements signed with blue-chip partners from the retail, hotel, automotive and fleet management industries, such as AccorInvest, Altarea, Indigo, Louvre Hotels Group, Primonial REIM France and Groupe Chopard.
With the support of its new investors, Electra intends to play a leading role in increasing EV penetration in France and Europe. The company offers high-quality infrastructure supported by both its technological expertise and its roll-out experience.
Aurélien de Meaux, Electra’s CEO, said:
“This capital raise led by Eurazeo and backed by other blue-chip investors – RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest) and RATP Group – will enable us to roll out our EV charging solution on a large-scale basis. Our main objective is to propose to end users a top-notch charging experience, combining the best infrastructure with state-of-the-art digital tools. In order to support EV penetration we must offer innovative solutions improving the customer experience. In addition, Electra’s team and I are proud and happy to support the transition to a low carbon economy.”
Melissa Cohen, Managing Director, Infrastructure, Eurazeo, added:
“We are thrilled to become a cornerstone investor in Electra, which is developing a public electric vehicle fast charging network. Electra will contribute by helping to remove barriers to the adoption of electric vehicles, building high-quality and efficient infrastructure, available to all. We have been impressed by Electra’s achievements so far. Its large and experienced team of EV charging experts and its differentiated product offering (hardware and software) allow for a smooth and efficient customer experience. The electrification of transport is a key pillar of the transition to Net-Zero, which is fully in line with our ESG and sustainability focus.”