Powerdot says that securing the €100m in its follow-on capital raise means the company stands poised to drive sustainable mobility initiatives across Europe.
The substantial investment follows Powerdot’s growth in 2023, marked by a 201% increase in operational charging points and a 218% rise in kWh consumption. Presently, Powerdot boasts over 5,000 active charging points across 1,300 locations, with plans to deploy nearly 10,000 charging points across 1,400 locations. The company operates in six countries - Portugal, Spain, France, Belgium, Luxembourg and Poland.
Luís Santiago Pinto, CEO of Powerdot, commented on the latest investment: “This capital raise underscores the success and potential of Powerdot in the EV charging space. With over 5,000 charging points in operation and an additional 10,000 in deployment, this investment will catalyze transformative growth, enabling us to expand our network and contribute to the evolution of sustainable mobility.”
Anand Jagannathan, Antin NextGen partner, stated: "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.”
“As an early investor in Powerdot, the Arié Group could not be more excited to be part of this capital raise.” said David Arié, board member at Arié Group. “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.”
