Spanish electric vehicle charging company Zunder has raised €100 million from French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, in a bid to accelerate its roll-out of ultra-fast EV charging stations across Southern Europe.
Mirova has secured a minority investment in the business with White Summit Capital and Co-Investors remaining as majority shareholders.
Zunder, founded in 2017 by e-mobility entrepreneur Daniel Pérez, has established itself as a leading independent EV charging infrastructure operator in the Iberian Peninsula after receiving early backing from energy and infrastructure investment firm White Summit Capital and Co-Investors. The latest investment round will speed up Zunder’s plan to surpass 4,000 ultrafast charging points across Southern Europe.
Mirova recently raised €1.6 billion for its latest energy transition infrastructure fund. The Zunder investment reaffirms the firm’s commitment to the electrification of transport and EV charging infrastructure after its investment in leading French EV charging player Driveco in 2020.
Via this initial €100 million equity investment made through its Mirova Energy Transition 5 fund, Mirova secures a minority interest in the company, while WSC and Co-Investors remain as majority shareholders.