Nordic real assets manager Obligo Investment Management has invested SEK600m (€54.7m) in Swedish electric vehicle (EV) charging operator Milepost.
Milepost said it intends to use the investment to expand its everyday EV-charging infrastructure across the country.
Jörgen Lantto, CEO of Milepost, said: “With Obligo as a long-term partner, we are ready to scale everyday charging across Sweden and beyond. Our mission is simple: make EV-charging as easy for people in apartments as it is for homeowners.”
Knut Bringedal, CIO of Obligo Investment Management and incoming chairman of Milepost, said: “Transport is responsible for a third of Sweden’s CO2 emissions. EV-charging infrastructure is the backbone of electrification, and Milepost has built an outstanding model to deliver it. We are excited to support Milepost in combining climate impact with strong, sustainable growth.”
To read the latest IPE Real Assets magazine click here.
