- Powerdot secures €165 million in green financing from major banks and funds
- The financing will expand Powerdot’s ultra-fast EV charging network to over 3,100 locations by 2026.
- Investment highlights confidence in Powerdot’s vision, increasing total funding commitments to over €465 million, showing robust growth.
Powerdot is expanding ultra-rapid charging to over 3,100 locations with €165 million in green financing
The investment comes from a consortium of major banks, including ABN Amro, BNP Paribas, ING, MUFG Bank, Santander, and Société Générale. An additional €60 million in an uncommitted accordion facility is also part of the deal.
Powerdot is already the leading charge point operator in Europe. The new funding will accelerate the expansion of its ultra-fast charging network across Europe. By 2026, the company plans to expand to over 3,100 locations.
With this new round of funding, Powerdot has now attracted more than €465 million in total commitments. The demonstrable trust from investors in charging infrastructure is encouraging. The infrastructure must be in place to facilitate a successful EV transition, and if you get in on the ground floor, there’s money to be made from your investment.
Powerdot CEO Luís Santiago Pinto welcomed the financing:
“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 widespread transition to sustainable transportation.” he adds, “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.”
Green investment leads to green initiatives which will accelerate the transition. As major banks and creditors become increasingly involved, we’ll see infrastructure and facilities roll out at an unprecedented rate.
