Spanish electric vehicles charging operator Zunder raised €100 million from French sustainable investment manager Mirova. Zunder is the leading charging platform in the Iberian peninsula and plans to grow its charging infrastructure thanks to Mirova’s investment.
Launched in 2017 by e-mobility entrepreneur Daniel Pérez, Zunder established itself as the leading independent EV charging operator. The plan is to install more than 4,000 ultra-fast new charging points in Southern Europe.
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Zunder also won its first public tender in France this year. It is just the first step to operating outside the Iberian peninsula. They plan to manage more than 40,000 charging points across Europe by 2025.
There are currently over 300,000 EVs in Spain. The number will reach 5 million by 2030. Considering 70% of Spanish households don’t have private parking Zunder could help Spanish transition to decarbonize transport.
Mirova recently raised €1.6bn for its latest energy transition infrastructure fund. The sustainable investment manager firm, an affiliate of Natixis Investment Managers, has over €25bn in assets under management. Mirova offers its clients investment solutions that combine the search for financial performance with environmental and social impact.
Mirova’s investment in Zunder will make it one of the minority shareholders. Early backers of Zunder, White Summit Capital, and Co-Investors remain as majority shareholders. Both White Summit Capital and Mirova aim to decarbonize the transport system, and their investment in Zunder is one example of their interest in mobility companies.
The EU Commission recently outlined a strategy aiming to have EV charging stations at least every 60km. While in northern Europe the charging infrastructure has already been built, the southern and eastern parts of Europe are a bit behind. Zunder thanks to Mirova and other future investors could definitely become a major player in this sector.
Editor’s Note: The opinions expressed here by Impakter.com columnists are their own, not those of Impakter.com –In the Featured Photo: Zunder Charging station. All photos credit: Zunder.