Electra

Electra is a French company that provides EV charging installation services in major and medium-sized French urban areas. The company aims to speed up the development of an EV charging network in the country with public fast charging points and expand its presence throughout Europe. 

Its charging stations deliver power of 150kW to 300kW and allow a full charge in 10 to 30 minutes. Furthermore, the company has developed an app that allows users to be directed to the nearest charging station based on distance and traffic, book their station remotely, and then charge their vehicle and pay via the app. In March 2023, the company also launched Autocharge, a functionality on the app that allows EVs to be plugged in and charged automatically without the need for apps, charging cards, or bank cards.

As of January 2023, Electra had established 40 fast-charging stations across France, with a further 170 new stations planned for 2023. The company also expanded its operations to Belgium and Italy in 2022, with plans to begin operations in Switzerland and Spain in 2023.

Key customers and partnerships

In 2022, Electra partnered with Chopard Group, Altarea Commerce and Weboost to set up charging stations at their locations. In February 2022, the company partnered with Chargemap, to allow customers using the Chargemap app to easily access Electra charging stations. In June 2022, the company partnered with Leo&Go to facilitate charging of the EVs in its fleet. In September 2022, Electra partnered with BePark to provide EV fast-charging in Belgium and Luxembourg, with plans to install 1,500 charging points by 2030, including 150 in Luxembourg. 

In August 2023, Electra partnered with Energy Infrastructure Partners (EIP) to form a joint venture (JV)-focused on EV charging. The JV intends to expand Electra’s installed EV charger capacity in Switzerland and Austria by installing 100 each in Switzerland and Austria by 2026.

The company has agreed to provide its services to companies such as AccorInvest, LSGI, Altarea Commerce, Indigo, Louvre Hotels Group, Primonial REIM France, the Chopard Group, and Jardiland.

Funding and financials

The company’s latest funding round was in January 2024, when it raised EUR 304 million (~USD 330 million) in a Series B funding round co-led by PGGM and Bpifrance's Large Venture fund. It plans to invest the funds to expand its EV charging network. In June 2022, Electra raised EUR 160 million (~USD 172.5 million) in a funding round that was led by Eurazeo.