Chargepoly Raises €23 Mn to Expand EV Charging Solutions for Commercial Fleets

The investment round was led by Meridiam through its Meridiam Green Impact Growth Fund (MGIGF). Existing investor Fideve Groupe, which has supported the company for many years, also participated in the round.

The new funding will help Chargepoly continue expanding its charging technology and support the growing adoption of electric trucks and commercial vehicle fleets as businesses transition to cleaner transportation.

Hadi Moussavi, President and Founder of Chargepoly, said, “This investment will allow us to accelerate our international expansion and continue to offer our customers best-in-class charging solutions to electrify their fleets. We are delighted to partner with Meridiam as we enter this new stage of growth. We are extremely proud to have demonstrated to our new investors and shareholders our ability and expertise to carry out this mission successfully.”

Yannick Marion, Meridiam GIGF, stated, “The company is addressing a critical need for infrastructure and services that enable the electrification of heavy-duty transport, combining differentiated technology, strong industrial partnerships and highly skilled teams at a time when the total cost of ownership of electric trucks is becoming increasingly competitive with conventional diesel vehicles. We look forward to working alongside Chargepoly and leveraging our expertise to help accelerate the development of this fast-growing market.”

Founded in 2019 by Moussavi, Chargepoly is a French technology and engineering company that focuses on high-power charging solutions for medium and heavy-duty electric vehicles, such as trucks and buses.

The company designs, installs, and operates high-performance DC fast-charging infrastructure to help commercial vehicle fleets charge their electric vehicles quickly and efficiently.

Chargepoly offers a complete charging solution by combining advanced charging technology, project implementation, and Charging Point Operator (CPO) services. Its main focus is on depot-based charging for truck and bus fleet operators.

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