Electra Raised €160m in a Funding Round Led by Eurazeo

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by KnowESG

Electra, a French firm specialising in fast charging for electric vehicles, has received a €160 million investment from Eurazeo.

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).

A low-carbon economy is a top priority for Electra, and the company's investment in energy and digital transition infrastructure is in line with that goal.

The reduction of 550,000 metric tonnes of CO2 emissions that will be avoided as a result of this investment by 2026 will help Eurazeo achieve its carbon neutrality goal.

RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest), and RATP Group were among the round's other notable investors, along with top-tier firms like Eurazeo.

The funding will help Electra expand its presence in France and across Europe by providing fast-charging solutions. This gives Electra, France's sole rapid charging specialist, a leg up on Europe's major companies.

Source: Private Equity Wire

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