Electra receives up to 433 million euros loan

The French fast-charging start-up Electra has concluded a green credit facility of up to 433 million euros. The company intends to use the new capital to rapidly expand its fast-charging infrastructure throughout Europe. The financing consists of committed funds of 283 million euros and an additional option for 150 million euros.

With this transaction, Electra exceeds the one billion euro mark in total financing since its foundation in 2020, a real milestone for the company as it establishes itself as a key player in the electric mobility infrastructure market.

Banking consortium supports green mobility vision

The financing is supported by a consortium of European banks, including ING, MUFG, ABN AMRO, Société Générale, Rabobank, Bpifrance, as well as Caisse d'Epargne Hauts de France and Banque Populaire Val de France. ING acted as exclusive financial advisor to Electra.

This transaction confirms the strength of our model. We have raised more capital than expected and can now securely realize our goals until 2030.

Elise Erbs, CIO Electra

The project received prominent legal support. A&O Shearman advised Electra, while Clifford Chance represented the lender side. The financing model is based on a balanced structure between equity and debt capital, which, according to Erbs, further underlines the robustness of the business model.

15,000 charging points by 2030

Electra currently operates around 3,000 charging points at more than 500 locations in nine European countries. The company aims to increase this number to 15,000 charging points at 2,200 locations by 2030. These include urban hubs, highways, commercial locations and heavily frequented urban areas.

There is a particular focus on the German market, which is considered a key region for future expansion. More than 30 new charging parks are planned in Germany by 2026 alone.

User-centered charging experience

Electra is positioning itself as a technology leader with a user-centric approach. The company focuses on a sophisticated charging experience with features such as intuitive app use, autocharge, an intelligent route planner, transparent pricing and round-the-clock customer service.

In addition, the stations are increasingly being developed into energy hubs with battery storage, photovoltaic connections and grid load optimization. This not only contributes to efficiency, but also helps to stabilize the power grid as demand increases.

Partner network and team growth as growth drivers

With over 250 employees and a constantly growing network of local authorities, industrial partners, real estate developers and banks, Electra is actively driving forward the transport transition in Europe. In Germany in particular, the company sees enormous potential for a new, next-generation charging infrastructure.

The secured financing of up to 433 million euros gives Electra the necessary boost to achieve its ambitious goals for the coming years.