Decade Energy, a Paris-based company building the power infrastructure at logistics depots, has secured €22 million to scale deployment across France, expand its product offering, and enter new international markets.
Eiffel Investment Group and SET Ventures led the financing, with Eiffel contributing €16 million in equity and SET Ventures leading a €5.5 million investment. The company also received continued backing from previous investors Ananda Impact Ventures and Contrarian Ventures, who led the company’s €3.6 million Seed funding round in 2024.
“This financing allows us to expand Decade Energy from a deployment model into a broader platform for depot electrification. We are building the software, energy products, and team needed to serve logistics sites more comprehensively, and to bring that model into new European markets. We now have the capital and platform to turn logistics depots into the power infrastructure that electric road transport needs,” Casper Norden, CEO and co-founder, Decade Energy.
Decade Energy was founded by Carl-Magnus Norden, founder of Volta Trucks, and the team behind its Truck-as-a-Service solution. Casper Norden, who built Truck-as-a-Service, serves as CEO of Decade Energy. The other three co-founders are Alexandre Cleret, Alejandro Ortega Peniche and Mariela Atanasova, who led the development of financial and energy management services at Volta Trucks.
The company develops energy storage, charging, and software solutions that secure power for electric fleets at the lowest possible cost.
According to the company, as truck electrification accelerates, the bottleneck is no longer vehicle availability but access to power. It states that grid constraints, long connection lead times, and the complexity of on-site energy systems are slowing deployment at many logistics sites.
Decade Energy claims to solve that problem by developing, financing, and operating the integrated energy infrastructure needed at depots to support electric truck fleets. This includes new grid connections, battery energy storage systems (BESS), EV charging, solar, and software to optimise energy use.
The company mentions that it follows a zero-CapEx approach, enabling logistics property owners to secure power capacity while creating predictable rental income and adding additional value from BESS participation in energy markets.
Its distributed portfolio approach, which involves deploying across many sites rather than a small number of centralised assets, prepares depots for electric truck fleets and increases long-term asset value.
“We have built a model around the real needs of depots: access to power, infrastructure, and a practical path to electrification. Now we can scale construction and support more customers as they prepare their sites for electric fleets,” Alexandre Cleret, COO and co-founder, Decade Energy.
To date, the company reports that it has conducted more than 1,500 depot electrification feasibility studies across Europe, advanced more than 100 projects representing over 500MW of capacity currently under development, and built a pipeline of 50 projects set to begin construction in 2026.
The company intends to allocate the €16 million commitment from Eiffel Investment Group via its managed fund, Eiffel Transition Infrastructure, for project deployment. The objective is to roll out a portfolio of at least 100MW of BESS projects across France, with total CapEx financing of approximately €50 million. These projects will add several megawatts of power capacity, strengthen energy independence at logistics sites, and prepare them to support both fleet charging and grid flexibility, according to Decade Energy.
The remaining funds will be used for the next stage of Decade Energy’s product roadmap. The objective is to advance its energy optimisation software, new truck charging and PV products, and expand the team into new markets.
“Against today’s geopolitical backdrop, the case for BESS buildout and fossil fuel independence has never been stronger. Decade Energy is tackling one of the most critical choke points in the energy transition: grid constraints at logistics depots. Their team combines deep transport expertise and strong energy infrastructure capabilities, backed up by impressive early traction. This convinced us that they are uniquely positioned to build a leading platform that can meaningfully accelerate Europe’s energy resilience,” Julia Padberg, Partner, SET Ventures.
France has been Decade Energy’s initial launch market and first execution proof point, with active deployment underway. However, Decade Energy aims to serve logistics property owners across Europe. With this funding, it plans to expand into Germany, the Nordics, Poland and other European countries, adapting its model to local market dynamics and customer needs.
Read the orginal article: https://www.eu-startups.com/2026/04/decade-energy-founded-by-the-team-behind-volta-trucks-secures-e22-million-to-scale-europes-depot-power-infrastructure/
