Infrastructure investor Meridiam has led a €23 million investment in Chargepoly, providing the French electric vehicle charging specialist with funding to expand internationally and scale its charging solutions for heavy-duty electric truck and bus fleets.
The investment was made through Meridiam Green Impact Growth Fund (MGIGF), alongside existing shareholder Fideve Groupe. Chargepoly said the capital will be directed toward international expansion and further development of its integrated charging platform for commercial electric vehicles.
Chargepoly Targets Growing Heavy-Duty Charging Market
The investment comes as fleet operators face increasing demand for charging infrastructure capable of supporting the operational requirements of electric trucks and buses.
Chargepoly said traditional charging infrastructure can be difficult to deploy at logistics depots because operators often have limited space, substantial power requirements and tight vehicle schedules. Its charging system uses a modular architecture designed to distribute available electrical capacity dynamically among multiple charging points.
The hardware is integrated with Chargepoly’s Lucie software platform, which manages charging operations and power allocation across the depot.
The company said its approach can reduce infrastructure deployment costs, improve utilisation of charging assets and lower operating expenses. Chargepoly also positions the system as a way for fleet operators to reduce the total cost of ownership of electric heavy-duty vehicles.
Charging Network Expands Across Three Markets
Chargepoly said its infrastructure is already deployed across France, the United Kingdom and Canada, with hundreds of DC fast-charging points in operation.
According to the company, these installations support the electrification of more than 1 million kilometres of freight transport each month, reflecting the growing role of depot-based charging in commercial fleet electrification.
Yannick Marion of Meridiam Green Impact Growth Fund said the investment would support the development of infrastructure needed to accelerate heavy-duty transport electrification.
“We are delighted to support Chargepoly in its next phase of growth.”
Marion said Chargepoly combines technology, industrial partnerships and specialist teams at a time when the economics of electric trucks are becoming increasingly competitive with conventional diesel vehicles.
Funding To Support International Expansion
Chargepoly President and Founder Hadi Moussavi said the new capital would enable the company to accelerate its expansion while continuing to develop charging solutions for fleet customers.
“This investment will allow us to accelerate our international expansion and continue to offer our customers best-in-class charging solutions to electrify their fleets,” Moussavi said.
He added that the partnership with Meridiam marks a new phase for Chargepoly as the company seeks to expand its presence in the growing heavy-duty electric vehicle charging market.
The latest investment gives Chargepoly additional financial backing as fleet operators, logistics companies and transport providers increasingly assess charging infrastructure as part of their transition from diesel-powered vehicles to electric trucks and buses.