Electra raises €433M in green financing

Electra, one of Europe’s leading ultra-fast charging operators for electric vehicles, has secured up to €433 million in green financing to support its growth across the continent. The deal includes €283 million in committed funds and an additional line of up to €150 million. The funds will be used to accelerate the rollout of high-quality infrastructure.

The transaction was supported by a strong syndicate of top-tier banks: ING, MUFG, ABN AMRO, Société Générale, Rabobank, Bpifrance, Caisse d’Epargne Hauts de France and Banque Populaire Val de France, with ING acting as Electra’s exclusive financial advisor. A&O Shearman served as legal counsel to the borrower, while Clifford Chance advised the lenders.

A solid, fast-growing company

With this new funding round, Electra surpasses €1 billion in capital raised since its founding, marking a major milestone in its growth journey. The company currently operates a network of over 500 ultra-fast charging stations (with more than 3,000 active charging points) across nine European countries. By 2030, it aims to reach 2,200 stations and 15,000 high-power charging points, strategically located in dense urban areas, transport hubs, business districts, and major travel corridors. The quality and density of this network have established Electra as a European benchmark, a position further reinforced by this new financing.

“This funding is a major step forward in expanding our network across Spain, consolidating the market, and ultimately accelerating the adoption of electric mobility across the continent,” said Pierre Taslé d’Héliand, Co-CEO of Electra in Spain.

“This deal validates the strength of our business model and our ability to execute quickly and efficiently. We’ve secured financing that exceeds our initial expectations, allowing us to move confidently toward our 2030 targets. We have already raised over €1 billion, maintaining a healthy balance between equity and debt—proof of the robustness of our financial model,” added Aurélien de Meaux, CEO and co-founder of Electra.

The company entered Spain in September 2023 and already has four operational “Electralineras,” offering 34 ultra-fast charging points. It plans to open 20 more by the end of 2025. Electra is investing over €100 million to deploy 200 charging stations in Spain by 2028.

An accessible, seamless and user-focused charging experience

Electra’s mission is to make ultra-fast charging accessible, simple and intuitive for everyone. This investment allows the company to enhance every user touchpoint, leveraging technology to deliver the best experience: an intuitive app, smart route planning, auto-recharge features, fixed and competitive pricing, and 24/7 customer support. Every step of the user journey is designed to remove barriers and make EV charging a seamless, everyday experience.

Each charging station is more than just a supply point. Electra is evolving towards a new generation of intelligent energy hubs, featuring battery storage systems and solar panel connections that help optimize grid charging, ensure system resilience, and promote efficient energy use as demand grows.

A new chapter as a European sector leader

As the market consolidates and energy sovereignty becomes a European priority, Electra is positioning itself as a driver of the continent’s electric transition, with over 250 employees. In partnership with key stakeholders—including banks, local governments, landowners, industrial companies and financial institutions—the company is building large-scale infrastructure to enable accessible and decarbonized mobility.

This positioning is reflected in structural initiatives such as the Spark Alliance, which brings together four of Europe’s leading ultra-fast charging operators (Ionity, Fastned, Atlante and Electra) into a joint network offering more than 11,000 charging points to users across Europe.

About Electra

Electra is a European specialist in fast charging for electric vehicles. Present in nine countries, the company operates more than 350 stations and aims to reach 2,200 by 2030. It has earned the trust of major partners including VINCI Autoroutes, Indigo, Altarea, AccorInvest, Saemes, Stellantis, G7, Bolt, Europcar, Sixt, Honda, MG, Groupe Chopard and Hertz. Electra is also backed by leading investors such as PGGM, EIP and Eurazeo, Serena, SNCF Group via 574 Invest, RATP Capital Innovation, Allianz, Caisse des Dépôts et Consignations/Banque des Territoires and Ademe Investissement.

With a team of over 220 specialists, Electra makes significant investments in innovation and research to deliver the best possible user experience. It has been recognized with awards such as French Tech Next 40 and is part of the France 2030 plan. More information at: www.go-electra.com