JOLT Energy raises €150m from InfraRed Capital Partners to expand ultra-fast charging infrastructure.
The Dublin and Munich-based e-mobility company secured the backing of InfraRed Capital Partners to roll out charging stations across Europe and North America.
≈ £130M at €1 = £0.8686 on 9 May 2023
An e-mobility company providing ultra-fast charging stations with integrated battery storage in urban areas.
JOLT Energy has raised €150m in investment from London-based infrastructure capital provider InfraRed Capital Partners. The capital will be used to install thousands of fast-charging stations across European and North American cities over the coming years.
The company operates ultra-fast charging stations equipped with battery storage that can deliver a 200km range in 10 minutes. This technology connects to standard low-voltage grids without requiring extensive upgrades, and initial sites are already operational in Germany with further expansion planned.
From the founder
"With InfraRed, JOLT has found a financing partner who supports the establishment of a forward-looking infrastructure and paves the way for the crucial change in e-mobility. Our ultra-fast charging stations equipped with powerful battery storage are the missing link in accelerating the energy and transport transition in cities. Ultra-fast charging systems are the key to unlocking the potential of EVs for city residents."
Maurice Neligan
CEO at JOLT Energy
Investor perspective
"Investing in rapid electric vehicle charging infrastructure aligns with our approach to supporting a low-carbon future. InfraRed has an established pedigree in investing in renewables and batteries. With our investment in JOLT, we are focusing on a sector with attractive growth potential. The expansion of ultra-fast charging stations will facilitate the widespread adoption of electric vehicles, and we are proud to partner with JOLT to play our part in the decarbonisation of transportation."
Stephane Kofman
Partner and Head of Capital Gain Funds, InfraRed Capital Partners
Use of funds
- 01Build out infrastructure
Investors
Categories
About the company
JOLT Energy
JOLT Energy provides ultra-fast electric vehicle charging stations for urban areas.