Powerdot funding news – Lisbon-based Powerdot Raises €165Million in green Financing

With the help of the €165M green financing facility and an extra €60M uncommitted accordion facility, the Portuguese company will be able to increase the number of EV charging stations in its network to over 3,100 sites by 2026.

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The company's team will expand and improve with the help of this funding, which will also be used to improve technology and user experience. The funding has been arranged in accordance with the Loan Market Association's Green Loan Principles, demonstrating the company's commitment to low-carbon innovation and mobility.

Furthermore, It has committed more than €465 million in capital to date, demonstrating the company's strong growth and ongoing investor trust.

Luís Santiago Pinto, Powerdot co-founder and CEO, says, “This substantial financing is a testament to our financial partners’ confidence in Powerdot’s vision and operational capabilities. With this funding, we are poised to accelerate our deployment strategy, bringing EV charging solutions to more European locations and supporting a widespread transition to sustainable transportation. Powerdot’s long-term ambition and goals allow us to explore different financial tools for funding. With great excitement, we welcome ABN Amro, BNP Paribas, ING, MUFG Bank, Santander, and Société Générale to our mission of accelerating sustainable mobility,”.

About Powerdot

Established in 2018 by Luis Santiago Pinto and Jose Sacadura, Powerdot asserts itself as one of Europe's fastest-growing owner-operators of electric vehicle charging stations. The business purchases, installs, and runs EV chargers. By placing chargers in common, busy areas where people would normally park their cars, the business hopes to improve people's experiences with charging.