574 Invest has acquired a minority stake in Electra, a French EV charging specialist, to accelerate its expansion amid a growing demand for electric vehicle infrastructure.

Information on the Target

Electra is a leading specialist in fast electric vehicle charging solutions in France. The company has successfully established a network of 45 charging points across the French territory and has ambitious plans for growth. Following a previous funding round in 2021, where it raised €15 million from Serena and Eurazeo, Electra is now set to enhance its operations significantly with a new influx of capital.

With a vision to install an additional 8,000 charging stations by 2030, Electra aims to accelerate the transition to electric mobility. Co-founder and CEO Aurélien de Meaux emphasizes the company’s commitment to this goal, underlining its strategic alignment with broader sustainability and carbon reduction initiatives within the transportation sector.

Industry Overview in France

The electric vehicle (EV) charging infrastructure industry in France is experiencing rapid growth, driven by increasing demand for electric vehicles and government policies aimed at promoting sustainable transportation. As