(Boursier.com) — Powerdot, the leading European operator of electric vehicle charging stations, announces that it has secured €165 million in green financing from ABN Amro, BNP Paribas, ING, MUFG Bank, Santander and Société Générale, to support its ambitious goal of deploying ultra-fast charging stations.
This transaction marks a milestone in Powerdot’s mission to strengthen EV charging infrastructure across Europe, and consolidate its number 1 position in France. In total, Powerdot has secured over €465 million in financing since 2022, underpinning strong growth and demonstrating continued investor confidence.
Strong commitment
Each bank in the consortium has demonstrated its strong commitment to supporting sustainable initiatives and the development of green infrastructure. This multi-bank association reinforces widespread confidence in Powerdot’s vision and operational capabilities.
Luís Santiago Pinto, co-founder and CEO of Powerdot, said: “This significant financing demonstrates the confidence of our financial partners in Powerdot’s vision and operational capabilities. With this financing, we are ready to accelerate our deployment strategy, installing EV charging infrastructure at more sites in Europe and massively supporting the transition to sustainable mobility,” he added.
“Powerdot’s ambition and long-term goals allow us to explore different financing tools. It is with great enthusiasm that we welcome ABN Amro, BNP Paribas, ING, MUFG Bank, Santander and Société Générale in our mission to accelerate sustainable mobility.”
The €165 million green bonds – plus an additional €60 million optional tranche – will help expand Powerdot’s network of electric vehicle charging stations to more than 3,100 locations by 2026, improve its technology and user experience, and grow its team.
Consolidated position
This “Green Financing” was structured in accordance with the Green Loan principles defined by the Loan Market Association and represents a significant step in the company’s commitment to innovation and low-carbon mobility.
With this investment, Powerdot consolidates its position as a European leader in robust and reliable electric vehicle charging infrastructure, and in particular the largest ultra-fast charging network in France, facilitating the adoption of electric vehicles and thus contributing to a greener future for all.
In this transaction, Santander acted as sole financial advisor and coordinator of the green financing. McKinsey & Co. acted as commercial and technical advisor, Clifford Chance and PLMJ acted as legal advisors to Powerdot. Gibson Dunn and Morais Leitão acted as legal advisors to the lenders, and EY acted as financial and tax advisor and model auditor.