French electric vehicle charging provider Electra has secured a green loan facility of up to €433 million, aimed at accelerating its fast-charging infrastructure rollout across Europe. The company has now raised more than €1 billion since its founding in 2020, underscoring its ambition to become a key player in Europe’s EV transition.
The new financing deal consists of €283 million in committed funds, with an additional €150 million available through an uncommitted option. The loan is backed by a consortium of major banks, including ING, MUFG, ABN AMRO, Société Générale, Rabobank, Bpifrance, Caisse d’Epargne Hauts de France, and Banque Populaire Val de France.
Aurélien de Meaux, CEO and co-founder of Electra, said the financing marks “a decisive milestone” for the company. “It enables us to further rapidly expand our European fast-charging network, actively participate in market consolidation and thus significantly advance the widespread establishment of electromobility in Europe,” he said in a statement.
Electra currently operates more than 500 charging locations with over 3,000 charge points across nine countries. The company plans to grow its network to 2,200 locations with 15,000 fast-charging points by 2030, focusing on high-traffic urban centers, business districts, mobility hubs, and major roadways.
Germany remains a strategic market for the company’s expansion. Electra opened its first high-power charging (HPC) site in the country in May, located in Gräfelfing near Munich. The company is targeting more than 30 additional sites in Germany by 2026, with further growth expected in subsequent years.
Electra is also part of the Spark Alliance, a collaboration with Atlante, Fastned, and Ionity to offer customers cross-network charging access without changing apps. “We have raised more capital than initially expected and can thus safely finance the rollout of our targets by 2030,” said Elise Erbs, CIO of Electra. “The balanced mix of equity and debt underlines the robustness of our financial model.”