InfraRed gives JOLT Energy €150 million for urban fast charging network
Marc Nemitz
| 10.05.2023
Munich-based startup JOLT Energy GmbH plans to build thousands of battery-backed ultra-fast charging stations in cities across Europe and North America in the coming years. Local and commercial partners will be able to obtain the charging stations without having to invest in or operate them themselves.
JOLT Energy GmbH plans to build thousands of fast charging stations in European and North American cities in the coming years. The charging stations are to offer a capacity of up to 320 kW and can be operated even when grid capacity is limited by integrating battery storage. As a result, the startup enables rapid charging of electric vehicles in urban areas without the need for costly infrastructure upgrades.
In InfraRed, JOLT has found a funding partner to support the development of a pioneering infrastructure and pave the way for a decisive shift in e-mobility
Maurice Neligan, CEO JOLT
JOLT Energy GmbH was able to obtain €150 million from InfraRed Capital Partners in its latest funding round to enable the development of a nationwide charging infrastructure. InfraRed is a leading international infrastructure investment company and thus supports the growth of the e-mobility company. The transaction closed on May 5, 2023. JOLT was advised by Nomura Greentech, a financial advisory firm.
The investment in fast charging infrastructure for electric vehicles fits with our approach to support a low-carbon future. We are proud to partner with JOLT and do our part to decarbonize transportation.
Stephane Kofman, Partner and Head of Capital Gain Funds InfraRed
Founded in 2018, JOLT Energy GmbH is a charge point operator (CPO) in urban areas. The company aims to provide charging facilities in metropolitan areas for drivers of electric vehicles in the coming years. The charging stations will be installed mainly on public access and high traffic areas. The company offers charging solutions with up to 320 kW of power. Thanks to the integrated battery storage, the charging stations can be connected to almost any low-voltage AC grid without major construction work.
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Startup
2018
München
Jolt Energy
Bringing fast-charging services for e-cars to major European and North American cities.
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