Mirova has invested “several million euros” in Driveco to become a major shareholder in the electric and solar vehicle charging infrastructure company.

Mirova has invested through its Mirova-Eurofideme 4 fund, a European fund dedicated to renewable energy and energy transition.

Driveco was founded in France in 2010 and has a presence in Belgium and Switzerland. Its offers universal recharging solutions, compatible with all models of electric vehicle. The company also offers a range of 100% solar-powered recharging stations.

Ion Leahu-Aluas, managing director of Driveco, said: “Raising this capital gives us the means to ensure our long-term development by strengthening our financial footing.

“This partnership with one of the leading players in the financing of energy transition underscores our viable approach to electric mobility.”

Witold Marais, Mirova investment manager, said: “The electric vehicle charging infrastructure market is experiencing strong growth and will continue to do so over the coming years, with projections indicating a twenty-fold increase in the number of charging points in France alone by 2030.

“With its premium positioning, integrated approach and the technical and environmental quality of its products, Driveco is particularly well placed to take advantage of this upward trend and establish itself as a leading player in the market. The company has tripled its turnover each year for the past three years and developed exclusive partnerships in key areas.”

Raphael Lance, director of Mirova’s energy transition infrastructures funds said: “We are delighted to be able to support Driveco in this new phase of their development as they continue to expand in France and abroad.”

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