Electra continues its expansion process. We met with the European scale-up at ViennaUp to gain a better understanding of its business model, which places it among the leading European operators specialising in ultra-fast charging for electric vehicles. The company has announced that it has signed a €433 million green loan to support its future growth. The transaction includes €283 million in committed credit facilities and an incremental credit facility (accordion facility) of an additional €150 million. The funds will be used to further accelerate the rollout of high-quality ultra-fast charging infrastructure.
The transaction was supported by a large group of major banks: ING, MUFG, ABN AMRO Bank N.V., Societe Generale, Rabobank, Bpifrance, Caisse d’Epargne Hauts de France, Banque Populaire Val de France.
The transaction brings the total funding raised by Electra since its inception to over €1 billion and marks a new milestone in the company’s growth trajectory. Electra’s network currently has over 500 stations (more than 3,000 active charging points) in nine European countries and aims to install and operate 2,200 stations and 15,000 high-power charging points by 2030, mainly in densely populated urban areas, transit hubs, commercial districts and high-traffic roads.
“This financing represents a key milestone in our growth journey and enables Electra to continue rapidly expanding its ultra-fast charging network in Europe, consolidate the market and accelerate the adoption of electric mobility across the continent,” said Aurélien de Meaux, CEO and co-founder of Electra, in a statement.
“This transaction confirms the strength of our model and our ability to act quickly and efficiently. We have obtained an amount higher than our initial expectations, which will enable us to finance the operations planned to achieve our 2030 targets. We have raised over €1 billion with a balanced capital-debt ratio, demonstrating the strength of our financial model,” adds Elise Erbs, CIO of Electra.
Electra’s goal is to make ultra-fast electric charging an accessible, simple and intuitive experience for everyone. The green loan will enable the company to optimise every interaction with the user, leveraging technology to ensure an increasingly seamless experience. From the intuitive app to the smart route planner, from automatic charging to fixed and competitive prices, to 24/7 customer support: Electra has designed every step of the journey to remove barriers to the adoption of electric mobility and make charging a simple daily habit.
Each Electra station is evolving into a smart energy hub, capable of optimising network loads thanks to proprietary technology, storage systems and solar panels, ensuring network resilience and efficient energy use even in the face of growing demand.
In a consolidating market context and with energy sovereignty becoming increasingly important in Europe, Electra, with over 250 employees, is positioning itself as a leading player in the European electricity transition. Through collaboration with strategic partners such as banks, local authorities, landowners, industrial operators and financial institutions, the company is building a large-scale infrastructure network to ensure accessible and decarbonised mobility.
This positioning is highlighted by structural initiatives such as the Spark Alliance, which brings together four European ultra-fast charging companies: Electra, Atlante, Fastned and Ionity, to offer an integrated, seamless and accessible charging experience thanks to a shared network of over 11,000 charging points across Europe.
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