Global alternative investment platform Slate Asset Management has bought a majority stake in Amperio, an electric vehicle (EV) charging infrastructure and services company in Germany.

Amperio helps companies, cities, and communities in developing charging concepts, installing charging stations, and providing backend management services for charging stations. The company has installed over 1,800 charging points since 2012.

Slate – which has invested an undisclosed amount for its stake – said as part of the deal, it has created Slate Mobility, an entity that will finance and own EV charging equipment for Slate and potential third parties and receive management services from Amperio.

Slate’s portfolio of 225 grocery properties in Germany will create a pipeline of opportunities to accelerate Amperio’s growth.

Christian Schmid, managing director and global head of infrastructure at Slate Asset Management, said to achieve the German government’s target of having at least 15m electric cars on the roads by 2030 will require significant investment in EV charging points throughout the country.

“Amperio is offering a unique, customisable national product to help meet this demand, backed by a team with a proven track record of experience developing charging infrastructure for cities, communities, and businesses,” said Schmid.

Oliver P Kaul, managing director of Amperio, said the partnership with Slate presents an opportunity to scale the business and provide seamless and sustainable mobility solutions that are so urgently needed to protect the climate.

“Our environment has given us the assignment to create zero-emission mobility. Slate has offered us its properties and the funding to accelerate that mission, which Amperio embarked on 10 years ago.

“Together, we strive to achieve our goal of making clean EV charging technology and services widely available,” said Kaul.

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