EV Charger firm Powerdot secures €100 million investment

Powerdot, a Portegues electric vehicle (EV) charger firm, has raised €100 million in investment to expand its operations across Europe. This investment is led by existing investors from Antin Infrastructure Partner and Arie Group.

Last year, Powerdot increased by 201 percent in operational charging points and a 218 percent rise in kWh consumption.

As of February, the company operates more than 5,000 active charging points across 1,300 locations. It has plans to deploy nearly 10,000 charging points across 1,400 locations.

Image Credit: Powerdot

The new investment will boost Powerdot’s charging infrastructure, drive technologies, and create new partnerships. In Portugal alone, Powerdot has over 1,300 charging points. In France, this number goes to 3,700 with 500 percent year-on-year growth in kWh consumption.

In Spain, the company operates 300 charging points last year. Powerdot is also increasing its presence in Belgium and Poland with upcoming deployment.

(source – Powerdot)