European fast charging station operator Electra sets its sights on the Dutch market

 The scale-up is responsible for building and operating a network of over 1,000 charging points in eight European countries, including Germany and Belgium. By 2030, the company aims to have realized about 15,000 charging points across Europe. In the Netherlands, the plan includes 100 fast charging stations with 600 charging points. Thanks in part to a record amount of investments, with pension investor PGGM representing Pensioenfonds Zorg en Welzijn and several other pension funds becoming the largest shareholder in ELECTRA recently, the company believes it can achieve its ambitions for 2030. In the short term, the newcomer will focus on recruiting local talent and opening the first fast charging station in the Netherlands later this year. Following this, there may be an acceleration of the Dutch rollout.

Mobility transition
By 2030, it is expected that there will be nearly 30 million electric vehicles on European roads. Additionally, by 2035, the sale of new vehicles with internal combustion engines will be banned within the EU. ELECTRA aims to support the mobility transition with a massive rollout of fast, reliable, and user-friendly charging stations. The company is currently active in France, Germany, Switzerland, Austria, Belgium, Luxembourg, Italy, and Spain. Thanks in part to the user-friendliness of the charging stations, nearly 100,000 charging sessions take place monthly. The charging stations are primarily located in urban areas, at supermarkets, restaurants, hotels, or public parking lots.

Solid financial position
ELECTRA has raised over 600 million euros in capital over three years to establish one of the first European fast charging networks. In the latest investment round, where PGGM (one of the largest asset managers in Europe) became the largest shareholder, about 304 million euros were raised.

Dennis van Alphen, head of PGGM Infrastructure Investments, says: "We have invested in ELECTRA on behalf of Pensioenfonds Zorg en Welzijn and several other Dutch pension funds because we believe in ELECTRA's expansion strategy. It is particularly gratifying that the company is now also coming to the Netherlands because, as an investor with long-term pension capital, we want to play a role in financing the energy transition in our country. ELECTRA's expertise will significantly contribute to accelerating the electrification of the Dutch vehicle fleet. ELECTRA provides us with a good return and measurably positive impact on the climate issue."

Rapid growth in a short time span
Under the leadership of Louis-Charles Mosseray, who joined in August 2022, ELECTRA experienced rapid growth in Belgium and Luxembourg. In just 18 months, significant partnerships were formed, including with Delhaize and TaxisVerts. Additionally, about 35 fast charging stations with 200 fast charging points have become operational in Belgium. Mosseray will lead the development in the Netherlands.

Louis-Charles, General Manager of ELECTRA Netherlands, says: "The Netherlands is strategically a very important market for European expansion. We aim to have 100 fast charging stations with over 600 charging points installed in the Netherlands by 2030. We are currently developing some locations and look forward to offering our first fast charging stations, as well as our brand awareness and individual services to the Dutch customer. The well-developed electric vehicle market in the Netherlands combined with the knowledge and experience of our investor PGGM in the Dutch market will certainly help us achieve this goal."

About ELECTRA
ELECTRA is a European specialist in fast charging electric vehicles. Present in 9 countries, the company builds and operates a network with over 1,000 charging points and aims for more than 15,000 by 2030.

ELECTRA has gained the trust of leading partners such as VINCI Autoroutes, Indigo, Altarea, AccorInvest, Louvre Hotels Group, the Delhaize Group, Toulouse Blagnac Airport, InVivo, the Chopard Group, Stellantis, G7, Bolt, Europcar, Sixt, Honda, MG, and Hertz. It also benefits from the financial support of renowned investors such as PGGM, EIP, Eurazeo, Serena, the SNCF group via 574 Invest, RATP Capital Innovation, RIVE Private Investment, RGreen Invest, Frst, Allianz, the Chopard Group, the Caisse des Dépôts et Consignations/Banque des Territoires, Ademe Investissement, and the Eiffel Investment Group.

With a team of 200 specialists, ELECTRA invests heavily in innovation and research to simplify the user experience as much as possible. As the winner of the French Tech Next 40 and France 2030, ELECTRA recently received the European scale-up of the year award. More information: www.go-electra.com