Funding

[Funding alert] Lisbon-based Powerdot Secures €100 Million in Funding

Feb 29, 2024 | By Startup Rise EU

Lisbon-based Powerdot secures €100 million in funding. The leaders of this round were Arié Group and Antin Infrastructure Partners.

Lisbon-based Powerdot secures €100 million in funding. The leaders of this round were Arié Group and Antin Infrastructure Partners.

With this calculated investment, it will be able to develop new technologies more quickly, extend its infrastructure for charging, and establish more solid strategic alliances across Europe.

With the money, it hopes to maintain its standing as a major participant in the electric mobility market. Throughout its operating markets—Portugal (€30 million), Spain (€30 million), France (€153 million), Belgium (€5 million), and Poland (€42 million)—the company hopes to invest a total of €260 million by 2025.

Read also - London-based KLIQ Secures €1.4 Million in Pre-Seed Funding

The installation of 15,000 electric vehicle charging stations will be made possible by this enormous investment, which will make a significant contribution to the ongoing efforts to decarbonize transportation in Europe.

Luís Santiago Pinto, CEO of Powerdot, said: “This transaction underscores the success and vast potential of Powerdot in the electric vehicle charging market. With over 5,000 operational charging points and more than 10,000 in the pipeline, we are poised for sustainable growth and to spearhead the transition towards more accessible and efficient electric mobility. The investment from Antin Infrastructure Partners and Arié Group will play a pivotal role in expanding our network, enhancing technological resources, and contributing to the continuous evolution of sustainable mobility.”

Powerdot was established in 2018 and currently manages more than 5,000 charging stations at roughly 1,300 locations. The company also has ambitions to deploy an additional 10,000 charging stations at more than 1,400 locations.

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The recently obtained funds will be used to develop partnerships, build the company's infrastructure for charging electric vehicles, and enhance technology in order to provide a smooth experience for owners of these vehicles throughout Europe.

Anand Jagannathan, Antin NextGen partner, stated: “Antin is committed to Powerdot’s continued growth, and today marks a significant milestone in our partnership aimed at decarbonizing transport. With this capital raise through our NextGen strategy, Powerdot will further expand the availability of affordable, fast charging stations to the public and foster the transition towards a more sustainable future. Powerdot represents the infrastructure of tomorrow – a next generation of critical infrastructure that is sustainable, scalable, and connected.”

David Arié, Board Member at Arié Group, explained: “As an early investor in Powerdot, the Arié Group could not be more excited to be part of this capital raise. The strong operational focus of the Powerdot team and the tremendous growth in 2023 led us to double down on our commitment. We proudly continue to support the growth of the Powerdot project for sustainable mobility.”

About Powerdot

Powerdot, they strive to make charging solutions that are a seamless part of their daily life, thereby enhancing the experience of all electric vehicle users. Supermarkets, restaurants, retail centers, and medical facilities. Everywhere they park their automobiles, they think there should be a charger. It provides a turn-key solution for automobile parking lots at no cost to the owners by investing in, installing, and running EV chargers.

Read also - Manchester-based ESProfiler Secures £2.8 Million in Seed Funding

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