Powerdot, one of Europe’s fastest-growing Electric Vehicle Charging Point Operators (EV CPO), announced the successful completion of a €100 million funding round led by Antin Infrastructure Partners and Arié Group. This strategic investment will empower Powerdot to accelerate the development of cutting-edge technologies, expand its charging infrastructure, and forge stronger strategic partnerships throughout Europe.
Powerdot plans to use the funds to solidify its position as a key player in the electric mobility sector. The company aims to invest €260 million by 2025 across its operating markets, including Portugal (€30 million), Spain (€30 million), France (€153 million), Belgium (€5 million), and Poland (€42 million). This significant investment is earmarked for the installation of 15,000 electric vehicle charging points, contributing substantially to the ongoing efforts for the decarbonization of European transportation.
Luís Santiago Pinto, CEO of Powerdot, said: “This transaction underscores the success and vast potential of Powerdot in the electric vehicle charging market. With over 5,000 operational charging points and more than 10,000 in the pipeline, we are poised for sustainable growth and to spearhead the transition towards more accessible and efficient electric mobility. The investment from Antin Infrastructure Partners and Arié Group will play a pivotal role in expanding our network, enhancing technological resources, and contributing to the continuous evolution of sustainable mobility.”
Powerdot’s exponential growth in Europe in 2023 is evident through a 201% increase in operational charging points and a remarkable 218% surge in kWh consumption. Presently,
Founded in 2018, Powerdot operates over 5,000 charging points across approximately 1,300 locations, with plans to install an additional 10,000 charging points at over 1,400 locations. The newly secured funding will be dedicated to expanding the company’s charging infrastructure, advancing technology, and strengthening partnerships to create a seamless experience for electric vehicle users across Europe.
Anand Jagannathan, Antin NextGen partner, stated: “Antin is committed to Powerdot’s continued growth, and today marks a significant milestone in our partnership aimed at decarbonizing transport. With this capital raise through our NextGen strategy, Powerdot will further expand the availability of affordable, fast charging stations to the public and foster the transition towards a more sustainable future. Powerdot represents the infrastructure of tomorrow – a next generation of critical infrastructure that is sustainable, scalable, and connected.”
David Arié, Board Member at Arié Group, explained: “As an early investor in Powerdot, the Arié Group could not be more excited to be part of this capital raise. The strong operational focus of the Powerdot team and the tremendous growth in 2023 led us to double down on our commitment. We proudly continue to support the growth of the Powerdot project for sustainable mobility.”
Read the orginal article: https://www.eu-startups.com/2024/02/lisbon-based-powerdot-bags-e100-million-to-lead-the-way-in-the-ev-charging-point-operator-market/
