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It ’s not often that you see a $ 300 million+ Series B round that is solely in equity . And yet , Paris - base startupElectrajust raise a $ 330 million ( € 304 million ) Series B daily round .
Electra is an electrical fomite burden company build a net of point stations in France and other European countries . correctly now , the company has 172 active charging stations ( with several charging points per post ) and is in the process of rolling out another 105 stations .
Those 172 excite stations represent about 1,000 charging points . you’re able to normally find them in supermarket parking set , in front of hotel or at highway rest areas . The caller has also partner with Toulouse ’s airport to work up some charging place there .
What ready Electra place upright out from other EV charging networks is that it focuses exclusively on tight - charging station . It also develops its software stack in house so that the company ’s app form well with the company ’s charge place .
And this unlock some interesting features . For instance , Electra know the condition of its charge station in real time . Customers can have a go at it for sure that there ’s an useable spot when they ’re driving toward a charging station .
In improver to that , customers can hold a charging point in advance if there are just a handful of charging dot available . Electra heraldic bearing from € 0.39 per kWh to € 0.52 per kWh in France , look on the institutionalize speed that you request .
As you might carry , building an EV charging mesh is expensive . And this novel backing rung will be used to deploy more charging station . Electra believe that it can roll out 15,000 charging points across 2,200 stations by 2030 .
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PGGM , a Dutch pension fund service provider , as well as Bpifrance ’s Large Venture investment trust are leading the funding round . exist investors Eurazeo , RIVE Private Investment , the SNCF group through 574 Invest and Serena are participating once again .
And as a reminder , Electra also antecedently raised money from EIP in Switzerland , RATP Capital Innovation , CDC ’s Banque des Territoires , Ademe Investissement , Eiffel Investment Group , RGreen Invest , Frst , Allianz , Groupe Chopard and Altarea . Overall , there are quite a few freehanded base player or public fiscal insane asylum on Electra ’s cap table .
Electra competes with Ionity , another European EV charging startup ground in Germany thatraised a € 700 million rounda couple of yr ago . There are other EV charge pure musician around the populace , such as EVPassport in North America , whichrecently raised $ 200 million .
While these companies are substructure dramatic play , it ’s interesting that they ’re raise equity rhythm . Usually , inauguration with huge working capital requirements seek to secure a credit crease with a financial partner to kickstart the projects . But in the EV buck humanity , it sound like infrastructure stock desire a financial stake in these companies .
Ionity lands € 700 million investment funds from BlackRock , auto maker to elaborate EV fast - charging net
EVPassport scored $ 200 M to make out its app - less charging base
