Portuguese Powerdot secures €100 million funding

 In Electric cars, Electric mobility, Electrical and Transport Systems, News, Start-Up

The Portuguese startup Powerdot has raised €100 million from its main investors Arié Group, and the fund Antin Infrastructure Partners, which in May 2022 had injected €150 million in the company.

Powerdot is the largest independent electric vehicle charger operator in Portugal with over 5,000 live charing points, 15,000 contacted charging points, and operates in 6 markets in Europe with around 150 people working across all markets.
According to the company, this new capital injection will enable Powerdot to develop new technologies, expand its charging infrastructure, and strengthen strategic partners all over Europe.
Powerdot started in 2018 in Portugal, intending to bring charging solutions to commercial and retail spaces.
With a turnkey solution, Powerdot started offering a full range of services ranging from the installation, operation, and maintenance of charging stations at 0 costs for partners and with revenue sharing.
This unique value proposition has allowed it to be one of the most significant CPOs (Charging Point Operators) in Portugal and to grow exponentially in other European markets, focusing its value proposition on complementing the retail experience.
In 2020, with the experience and position it gathered in Portugal, Powerdot started looking to expand its presence to other countries, starting expansion toward Spain, France, Belgium, Luxembourg, and Poland.
In 2022, Antin Infrastructure Partners invested €150 million in Powerdot to accelerate its growth and expansion across Europe.
The largest slice of this investment will be made in France (€153 million), followed by Poland (€43 million), Portugal and Spain (€30 million each), and Belgium (€5 million).