Mirova, an affiliate of Natixis Investment Managers, through its Mirova Energy Transition Fund 6 (MET6), has invested AU$72m (€43.3m) in Melbourne-based JET Charge, along with backing from existing shareholders the Clean Energy Finance Corporation, RACV and Kilara Capital.
Founded in 2012 by Tim Washington and Ellen Liang, JET Charge provides EV charging infrastructure at every level, from individual households to the longest highways in Australia. The company said the capital raised will support its mission to provide EV charging infrastructure at scale across Australasia.
JET Charge will use its latest funding round to support the next stage of the region’s transition to electric vehicles and accelerate the deployment of EV infrastructure at scale.
Mirova said its “substantial” investment into JET Charge aligns with MET6’s goal of financing resilient infrastructure critical for the decarbonisation of energy production and consumption in OECD countries. This investment underscores Mirova’s dedication to advancing electrification in transport and enhancing EV charging infrastructure, the manager added.
Washington, co-founder and CEO of JET Charge, said: “JET Charge was founded on the belief that electrifying transport is key to achieving a sustainable future. This funding will enable us to build the scalable, accessible, and reliable infrastructure required to make EVs a practical choice for every Australian and New Zealander.”
Nicolas Hayon, investment director, head of Mirova Singapore Division, added: “EV infrastructure is key to the decarbonisation of transportation and net zero pathway. We are proud to support companies like JET Charge, playing an instrumental role in developing and accelerating essential charging infrastructure across Australia and New Zealand.”
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