InfraRed gives JOLT Energy 150 million euros for urban fast-charging network

The Munich-based start-up JOLT Energy GmbH is planning to build thousands of battery-backed ultra-fast charging stations in cities in Europe and North America over the next few years. Local and commercial partners can 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 will offer an output of up to 320 kW and can also be operated when grid capacity is limited thanks to the integration of battery storage systems. This enables the start-up to quickly charge electric vehicles in urban areas without the need for costly infrastructure upgrades.

With InfraRed, JOLT has found a financing partner that supports the development of a forward-looking infrastructure and paves the way for the decisive change in e-mobility

Maurice Neligan, CEO JOLT

JOLT Energy GmbH has received 150 million euros from InfraRed Capital Partners in the current financing round to enable the development of a nationwide charging infrastructure. InfraRed is a leading international infrastructure investment company and is thus supporting the growth of the e-mobility company. The transaction was completed on May 5, 2023. JOLT was advised by financial advisor Nomura Greentech.

The investment in fast charging infrastructure for electric vehicles fits in with our approach to support a low-carbon future. We are proud to partner with JOLT and play our part in the decarbonization of transport.

Stephane Kofman, Partner and Head of Capital Gain Funds InfraRed

JOLT Energy GmbH was founded in 2018 and 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 are mainly installed in publicly accessible and highly frequented 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.