Global investment Eurazeo has led a €160m fundraising round by Electra, a French company specialising in fast charging for electric vehicles (EV).

Eurazeo, which committed an undisclosed amount on behalf of its infrastructure strategy, said the investment was made alongside investors including RGREEN Invest, RIVE Private Investment, Serena, Groupe Chopard, 574 Invest and RATP Group.

The new capital will help Electra accelerate its coverage of France and expand in Europe.

The capital raise will allow Electra to roll out its EV charging solution on a large-scale basis, said Aurélien de Meaux, Electra’s CEO. “Our main objective is to propose to end-users a top-notch charging experience, combining the best infrastructure with state-of-the-art digital tools.”

Eurazeo said the investment in Electra is the third investment made by its infrastructure strategy, after Ikaros Solar and Danish plastic waste sorting facility Resource.

Melissa Cohen, infratructure managing director at Eurazeo, said: “We are thrilled to become a cornerstone investor in Electra, which is developing a public electric vehicle fast-charging network in France and beyond.

”Electra will contribute by helping to remove barriers to the adoption of electric vehicles, building high-quality and efficient infrastructure, available to all.

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