Lisbon-based EV chargepoint operator Powerdot announced the successful completion of a 100 million euros funding round led by Antin Infrastructure Partners and Arié Group. This strategic investment will empower Powerdot to accelerate the development of cutting-edge technologies, expand its charging infrastructure, and forge stronger strategic partnerships throughout Europe.

Powerdot plans to use the funds to solidify its position as a key player in the electric mobility sector. The company aims to invest €260 million by 2025 across its operating markets, including Portugal (€30 million), Spain (€30 million), France (€153 million), Belgium (€5 million), and Poland (€42 million). This significant investment is earmarked for the installation of 15,000 electric vehicle charging points, contributing substantially to the ongoing efforts for the decarbonization of European transportation.

Luís Santiago Pinto, CEO of Powerdot, said: “This transaction underscores the success and vast potential of Powerdot in the electric vehicle charging market. With over 5,000 operational charging points and more than 10,000 in the pipeline, we are poised for sustainable growth and to spearhead the transition towards more accessible and efficient electric mobility. The investment from Antin Infrastructure Partners and Arié Group will play a pivotal role in expanding our network, enhancing technological resources, and contributing to the continuous evolution of sustainable mobility.”

Founded in 2018, Powerdot operates over 5,000 charging points across approximately 1,300 locations. Last year Powerdot grew exponential in Europe;  a 201% increase in operational charging points and a remarkable 218% surge in kWh consumption.

David Arié, Board Member at Arié Group: “As an early investor in Powerdot, the Arié Group could not be more excited to be part of this capital raise. The strong operational focus of the Powerdot team and the tremendous growth in 2023 led us to double down on our commitment. We proudly continue to support the growth of the Powerdot project for sustainable mobility.”