Powerdot secures €100M funding for EV charging infrastructure expansion

Powerdot, a Lisbon-based EV charging point operator, announced on Thursday the successful closing of a €100 million funding round led by Antin Infrastructure Partners and Arié Group. 

The investment enables Powerdot to further accelerate R&D projects, expand its charging infrastructure, specifically through the installation of an additional 10,000 EV charging points, as well as continue to establish strategic partnerships throughout Europe.

Founded in 2018, Powerdot reports an explosion of growth across 2023, evidenced by a  201 per cent increase in operational charging points and a 218% surge in kWh consumption. 

The company currently operates over 5,000 charging points across some 1,300 locations and plans to install an additional 10,000 charging points at over 1,400 locations. With more than 500 locations located in Portugal alone, Powerdot is the largest Electric Vehicle charging point operator in the nation in terms of fast and ultra-fast charging points.

Outside of its home market, Powerdot also operates in France, Spain, Poland, and Belgium, and employs 140 individuals.

Powerdot CEO Luís Santiago Pinto shared:

“This transaction underscores the success and vast potential of Powerdot in the electric vehicle charging market. With over 5,000 operational charging points and more than 10,000 in the pipeline, we are poised for sustainable growth and to spearhead the transition towards more accessible and efficient electric mobility.”

The €100 million investment in Powerdot was led by Antin Infrastructure Partners and joined by Portugal’s Arié Group.

On the investment, Antin NextGen partner Anand Jagannathan commented:

“With this capital raise through our NextGen strategy, Powerdot will further expand the availability of affordable, fast charging stations to the public and foster the transition towards a more sustainable future. Powerdot represents the infrastructure of tomorrow – a next generation of critical infrastructure that is sustainable, scalable, and connected.”