Decade Energy raises 22 million euros for the electrification of logistics depots

The Paris-based company Decade Energy has closed a financing round of 22 million euros. The round is led by Eiffel Investment Group and SET Ventures, together with existing investors such as Contrarian Ventures and Ananda Impact Ventures.

The capital will be used to expand the energy infrastructure for logistics depots, further develop the platform and expand into other European markets.

Energy is becoming the bottleneck for e-mobility in freight transport

As more and more electric trucks come onto the market, the bottleneck is shifting. It is not the vehicles that are lacking, but access to energy. Grid connections, charging infrastructure and energy management pose major challenges for many logistics locations.

The company develops, finances and operates integrated energy systems for depots. These include grid connections, battery storage, charging infrastructure and solar systems.

Holistic approach for electrified depots

Decade Energy pursues an integrated model. In addition to hardware components, the start-up also offers software to optimize energy consumption. The aim is to transform logistics properties into flexible energy hubs.

There is also a CapEx-free model. Operators do not have to invest themselves, but can use infrastructure and generate additional income through energy markets at the same time.

Strong pipeline and transition to scaling

The demand is already visible:

• Over 1,500 feasibility studies in Europe
• More than 100 projects with over 500 MW capacity in development
• 50 projects about to start construction

With the new financing, the company is moving from the development phase to large-scale implementation.

Investors bring capital and infrastructure expertise

A large part of the financing (around 16 million euros) will be provided via an infrastructure fund of the Eiffel Investment Group and will be invested specifically in concrete projects.

SET Ventures is focusing on the further development of the platform, software solutions and new products relating to charging and PV infrastructure.

Expansion planned throughout Europe

Following its successful development in the French market, Decade Energy is planning to expand into Germany, the Nordic countries, Poland and other European regions. The company is thus positioning itself as a platform provider for a new infrastructure category; energy-supplied, flexible logistics depots as the backbone of electric road freight transport.