Eranovum, an operator of electric vehicle charging infrastructure and an independent renewable energy producer, has secured three financing transactions totaling €16 million in Spain, Belgium, and France, strengthening its deployment capacity and growth plan across Europe.
The three transactions reflect a financial strategy tailored to the nature of each market and project, structuring the group’s growth with instruments aligned to the profile of each asset.
“The financing obtained will allow us to consolidate a sustainable growth model, based on high-traffic locations and the integration of charging infrastructure with renewable generation. It also represents a key boost to our growth plan in these three countries, enabling us to accelerate deployment in strategic locations and significantly increase our installed capacity,” said David Vallespín, co-CEO of Eranovum.
In Spain, the company has signed a long-term structured project finance facility amounting to €8.8 million with Buenavista Equity Partners, through its subsidiary Buenavista Infrastructure, which specializes in infrastructure asset management with €450 million in assets under management, and its fund Buenavista NextGen Urbano SICC. This fund was created to promote urban development projects, including affordable housing and sustainable tourism in Spain, backed by the European Investment Bank (EIB) and financed by NextGeneration EU. The transaction incorporates long-term institutional capital and strengthens the project’s financial structure, aligning the network’s development with stable financing suited to energy infrastructure assets.
“We are formalizing the first financing of our Buenavista NextGen Urbano fund in the field of sustainable urban mobility, with a transaction that promotes capillarity and local presence by deploying a charging network across 113 locations in urban environments in several Spanish regions. We are proud to support this project, which will help electrify transport in our cities and reduce emissions,” said Victoriano López Pinto, Managing Partner of Buenavista Infrastructure.
This transaction will enable the development of 590 new charging points across 113 locations in various autonomous communities, including Madrid, Valencia, Catalonia, Andalusia, Castilla y León, Castilla-La Mancha, Galicia, Murcia, Aragon, Asturias, Cantabria, Extremadura, and the Balearic Islands.
All financed points correspond to newly built urban infrastructure, with execution scheduled throughout this year and progressive commissioning expected through the end of 2028. The rollout includes locations in municipal public tenders, supermarkets and large retail spaces, shopping centers, urban parking facilities, and other high-traffic areas.
Advisors involved in the transaction included Roland Berger, Asterra, EQA, and EY for the due diligence process, and law firms Gómez-Acebo & Pombo and Watson Farley & Williams as legal advisors.
“In a context of strong growth in demand for charging services and energy transition, this financing is strategic for Eranovum. It allows us to increase network density, strengthen our urban presence, and consolidate our position as a leading operator in electric mobility,” added David Vallespín.
France and Belgium
In Belgium, Eranovum has closed a €2 million long-term financing agreement with ING. The transaction supports the company’s entire network of charging stations in the Belgian market and reflects the backing of a leading commercial bank for the group’s business model in the country.
In France, the company has secured €5 million in financing from a private investor. The funds will be used to develop 475 charging points across more than 70 locations, most of which are linked to the strategic agreement reached with the Les Mousquetaires group.
Eranovum currently operates more than 1,200 charging points across Europe, a network that will continue to expand as its growth plan progresses.
About Eranovum
Eranovum is a Spanish company founded in 2019, dedicated to accelerating the transition to a new energy era in which renewable energy, self-consumption, and electromobility play a key role. As a vertically integrated charging point operator, the company offers comprehensive solutions to its real estate partners, including EV charging infrastructure, self-consumption installations, and energy storage systems at the same location. In this way, Eranovum covers the entire value chain, from the production of clean and competitive energy to its commercialization for companies, industries, and EV users. The complementarity of its different business areas ensures the supply of 100% renewable energy to drivers committed to electromobility.
Buenavista NextGen Urbano
This financing represents the first transaction carried out by the Buenavista NextGen Urbano SICC fund. The vehicle was created by Buenavista Infrastructure after being appointed by the European Investment Bank (EIB) as a financial intermediary to manage €200 million from the Fund of Funds established by the EIB. These resources originate from the Regional Resilience Fund (FRA), which forms part of Spain’s Recovery, Transformation and Resilience Plan and is financed by NextGeneration EU. The funds are aimed at promoting affordable housing, urban regeneration, and sustainable tourism projects.
Selected projects must be economically and financially viable and involve companies classified as SMEs (SME/Small Mid-Cap/Mid-Cap) or infrastructure projects. The fund is expected to carry out between 10 and 20 investments over its lifetime, with a maximum ticket size of €22 million per project, capped at 70% of the total project cost.
Track record in public funds
Buenavista Infrastructure is the division of Buenavista Equity Partners specialized in infrastructure asset management, with €450 million in assets under management. Its Financial Instruments team has an extensive track record in managing funds from European institutions, focusing on projects that promote sustainable urban development and energy efficiency.
Since 2011, the firm has been appointed by the EIB on three additional occasions to manage ERDF funds: Buenavista Jessica Andalucía (formerly GED Jessica Andalucía), Buenavista Andalucía Urbano II (formerly GED Andalucía Urbano II), and Buenavista Jessica FIDAE (formerly GED Jessica FIDAE). Over this period, the firm has invested €168 million from European initiatives across a total of 30 projects throughout Spain
About Buenavista Equity Partners
Buenavista Equity Partners is an independent asset manager founded in 1996, operating in the middle-market segment. It currently manages more than €1.3 billion through various Private Equity, Infrastructure, and Venture Capital vehicles
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