Eurazeo has led a €160 million funding round in Electra, a French company specialising in fast charging for electric vehicle (EVs).
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). Electra is fully aligned with the Group’s ambition to invest in energy and digital transition infrastructure and contribute to a low-carbon economy. This investment will support the decarbonisation of the transport sector, avoiding CO2 emissions by 550,000 tons by 2026 and therefore contributing to Eurazeo’s carbon-neutrality objective.
As well as Eurazeo, the round included several other top-tier investors – RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, SNCF (574 Invest) and RATP Group – and provides Electra with the funding to accelerate its coverage of France and expand in Europe to provide fast charging solutions. Electra is the only fast charging specialist in France and will now have the means to compete with major European players.