Eurazeo has backed Electra, a French company specializing in fast-charging infrastructure for electric vehicles (EVs), through a €160 million ($167 million) fundraising round that included several other top-tier investors.
Electra is the only fast-charging specialist in France, and now has the means to compete with major European players.
“This capital raise led by Eurazeo and backed by other blue-chip investors — RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest) and RATP Group — will enable us to roll out our EV charging solution on a large-scale basis,” said Aurélien de Meaux, CEO of Electra. “In order to support EV penetration we must offer innovative solutions improving the customer experience. In addition, Electra’s team and I are proud and happy to support the transition to a low carbon economy.”
Electra is the third investment for Eurazeo’s infrastructure strategy, following Ikaros Solar, a Belgian provid