Europe's Largest Electric Vehicle Charging Financing Deals (2022-2025): How Institutional Investors Boost CPO Development with Billions in Funding

Eight European Companies Bolster EV Charging Infrastructure with over €2 Billion in Funding

The electric vehicle (EV) charging sector in Europe is experiencing a significant boost, with eight companies securing over €2 billion in funding in recent years. These companies, with pan-European ambitions, are focused on rapid scaling and expanding their charging networks significantly.

Starting in France, Electra, a promising startup, has secured €304 million in equity investment. The company is aiming to establish high-speed charging stations in urban environments. However, details about the funding round are not provided.

Moving to Germany, IONITY, a company renowned for its ultra-fast chargers, has secured a €600 million green loan facility. This funding will be used to expand its charging network across more than 1,300 sites by 2030. IONITY's unique proposition lies in its chargers, which offer up to 400 kW (soon 600 kW) and full support for 800V vehicle platforms.

Recharge, based in Moss, Norway, has secured a €180 million green debt to expand and upgrade its Nordic network.

Driveco, another French company, has secured €250 million in equity investment in 2023. The company operates solar-powered EV charging stations.

EVBoosters, an executive search partner for powering EV charging networks in Europe since 2018, has not disclosed any recent funding rounds.

In Portugal, Powerdot has raised an additional €100 million in a separate equity round in 2024, led by existing shareholders. With these two financing rounds combined, Powerdot attracted over €265 million in fresh capital in 2024 alone. The company, headquartered in Lisbon, has secured a €165 million green debt to fund more than 3,000 new locations across Europe.

Zunder, based in Palencia, Spain, has secured a €225 million loan in 2024 to expand along key travel corridors.

Milence, a Dutch company, has secured €500 million in funding to build a continent-wide charging network for electric trucks. Another Dutch company, Allego, has secured a €400 million debt facility for growing its public fast-charging footprint, especially in cities and at retail locations.

Most of these companies are backed by institutional investors, including global banks, infrastructure giants, and pension funds. This demonstrates confidence from long-term, institutional investors in the future of the EV charging sector.

The institutions involved with the mentioned companies include the Deutsche Gesellschaft für Internistische Intensivmedizin und Notfallmedizin e. V. (DGIIN), Deutsche Gesellschaft Interdisziplinäre Notfall- und Akutmedizin e. V. (DGINA), Deutsche Gesellschaft für Kardiologie – Herz- und Kreislaufforschung e. V. (DGK), Deutsche Interdisziplinäre Vereinigung für Intensiv- und Notfallmedizin e. V. (DIVI), Deutsche Gesellschaft für Fachkrankenpflege und Funktionsdienste e. V. (DGF), and the Österreichische Gesellschaft für Internistische und Allgemeine Intensivmedizin und Notfallmedizin e. V. (ÖGIAIN).

These companies' focus on rapid scaling indicates a commitment to meeting the growing demand for EV charging infrastructure across Europe. As more drivers switch to electric vehicles, the need for reliable and accessible charging networks will become increasingly important. These funding rounds are a positive step towards addressing this need and ensuring a smooth transition to a more sustainable future.