Infracapital has acquired a 30% stake in Recharge, the leading electric vehicle charging operator in the Nordics, to support its expansion and capitalize on the growing demand for sustainable transportation infrastructure.

Target Information

Recharge is the largest public charging point operator (CPO) for electric vehicles (EV) in the Nordic region, boasting approximately 3,000 connectors throughout Norway, Sweden, and Finland. Established in 2012, Recharge has positioned itself at the forefront of one of the fastest-growing electric vehicle markets worldwide. Over the last three years, the company has seen a remarkable 60% increase in its number of charging stations and anticipates continued growth in the future.

The company has been proactive in enhancing accessibility to electric vehicles, partnering with prominent location owners such as McDonald’s, IKEA, and various municipalities including Stockholm and Oslo. Recharge pioneered the establishment of high-power charging corridors between these cities, further solidifying its status as a leader in the EV charging sector.

Industry Overview in the Nordics

The Nordics represent one of the most mature electric vehicle markets globally, characterized by a significant push towards sustainable and low-carbon infrastructure. The region has witnessed a surge in EV adoption, fue