Electra secures €433 million loan for European HPC rollout

French charging provider Electra has closed a green loan facility of up to €433 million to accelerate the expansion of its fast-charging infrastructure across Europe. The CPO has now secured more than €1 billion in total funding since its founding in 2020.

The current transaction includes €283 million in committed funds plus an option for an additional €150 million. The financing was supported by a consortium of banks including ING, MUFG, ABN AMRO Bank B.V., Société Générale, Rabobank, Bpifrance, Caisse d’Epargne Hauts de France, and Banque Populaire Val de France.

Electra says it currently operates more than 500 locations with over 3,000 charge points across nine countries. The company plans to increase its network to 2,200 locations with 15,000 fast charge points by 2030, placing them in urban centres, business districts, mobility hubs, and along heavily frequented roads.

With over 250 employees and strategic partnerships across banking, municipal, and industrial sectors, Electra aims to establish itself as a key driver of Europe’s energy transition. Germany remains a central pillar of its expansion strategy. It just opened its first HPC site in Germany this May, in Gräfelfing near Munich. The company plans over 30 charging parks across the country by 2026, with hundreds more to follow.

Moreover, it is part of the recently formed ‘Spark Alliance‘, which also includes Atlante, Fastned and Ionity. It lets customers of one provider charge at all others without switching apps. The CPOs jsust recently implemented the first stage.

Aurélien de Meaux, CEO and co-founder of Electra, said: “This financing marks a decisive milestone for Electra. It enables us to further rapidly expand our European fast-charging network, actively participate in market consolidation and thus significantly advance the widespread establishment of electromobility in Europe.”

“This transaction confirms the strength of our model and our ability to act quickly and efficiently. We have raised more capital than initially expected and can thus safely finance the rollout of our targets by 2030. The balanced mix of equity and debt underlines the robustness of our financial model,” said Elise Erbs, CIO of Electra.

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