Powerdot secures €100 Million investment to expand charging infrastructure in Europe

  • Powerdot secures €100 million led by Antin Infrastructure Partners and Arié Group.
  • Over 5,000 operational charging points, plans for 10,000, driving transformative growth.
  • Strong 2023 achievements position Powerdot as a key player in European clean mobility initiatives.

Powerdot secures €100 million to catalyse European EV charging infrastructure 

Powerdot has successfully concluded a follow-on capital raise, securing a substantial €100 million investment. This strategic funding was led by existing investors Antin Infrastructure Partners and Arié Group. It underscores Powerdot’s commitment to reshaping the electric vehicle (EV) charging landscape across Europe.

Luís Santiago Pinto, CEO of Powerdot, commented:

“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.”

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The company has over 5,000 charging points currently operational and an additional 10,000 in the deployment pipeline. This injection of capital will facilitate transformative growth. It will empower the expansion of its network and play a substantial role in the ongoing evolution towards sustainable mobility.

Antin NextGen partner, Anand Jagannathan, said:

“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.”

The substantial investment follows Powerdot’s remarkable achievements in 2023. The company exhibited a 201% increase in operational charging points and a notable 218% rise in kWh consumption. Presently, Powerdot boasts over 5,000 active charging points across 1,300 locations. The plan is to deploy nearly 10,000 charging points across 1,400 locations. This capital injection is poised to drive the expansion of Powerdot’s charging infrastructure, foster technological advancements, and solidify partnerships to enhance the EV user experience.

David Arié, Board Member at Arié Group, expressed enthusiasm:

“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.”

In its home market of Portugal, Powerdot has emerged as a reference point for partners and users, with over 1,300 operational charging points. The company maintains a robust presence in France, experiencing a remarkable 500% year-on-year growth in kWh consumption. In Spain, Powerdot has activated over 300 charging points in 2023 alone, indicating significant progress in market penetration. The company is also rapidly expanding its presence in Belgium and Poland through strategic partnerships and ambitious deployment plans.

With this €100 million capital raise, Powerdot is poised to be a significant player in driving sustainable mobility initiatives across Europe. Charging infrastructure is essential to facilitating a widespread transition to emobility. As Europe turns to emobility, it becomes gradually more connected by cutting edge charging networks.

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