Fast Charging EV Network Provider Electra Raises $330 Million

Electric vehicle fast-charging provider Electra has raised €304 million (USD $330 million) in equity funding to install 2,200 stations with 15,000 charging points in Europe by 2030. The fundraising marks the largest in France’s charging sector and the second-largest in Europe. Electra aims to deploy a fast-charging network to help resolve obstacles to EV adoption. The company has deployed nearly 1,000 charging points and has a presence in France, Germany, Belgium, Luxembourg, Italy, Switzerland, Austria, and Spain. The funding round was led by Dutch pension fund service provider PGGM, with participation from Bpifrance, Eurazeo, RIVE Private Investment, the SNCF group, and Serena. Electra’s ambition is to become a pan-European player in the market of ultra-fast charging facilities for EVs.



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