Antin Infrastructure Partners, an independent private equity firm focused on infrastructure investments, announced on Wednesday that it has agreed to purchase a co-controlling stake in Power Dot, a Portugal-founded owner-operator of electric vehicle charging infrastructure. The value of the investment is €150M, Power Dot mentioned in a LinkedIn post.
Power Dot, which is also backed by Grupo Arié, offers around 5,000 charging points throughout France, Belgium, Luxembourg, Spain, and Poland.
The Portuguese startup says, “This is an important milestone for the entire team at Power Dot and we are more motivated than ever to continue serving an exponentially growing number of locations, partners and EV users every day.”
About Antin Infrastructure Partners
Paris-based Antin Infrastructure Partners is a private equity firm focused on infrastructure. With over €22B in assets under management across its flagship Mid-Cap and NextGen investment strategies, Antin backs energy and environment, telecom, transport, and social infrastructure sectors.
Antin’s investment will be deployed within the firm’s NextGen strategy, following the recently announced investment into smart grid developer SNRG. Both investments demonstrate the firm’s commitment to building a portfolio of sustainable and scalable next-generation infrastructure companies.
Nicolas Mallet, NextGen Partner at Antin, says, “Power Dot is exactly the sort of company that we envision for our NextGen strategy. Antin has always been at the forefront of identifying long-term market trends and NextGen is focused on the infrastructure of tomorrow. We look forward to working with the Power Dot team to further scale the company to its full potential.”
How will Antin help Power Dot scale?
With this investment, Antin says it will contribute to the growth of the network of EV charging stations installed and operated by Power Dot. Antin’s team will work closely with the group’s management team to further expand Power Dot’s EV charging portfolio by enhancing its footprint with existing commercial partners and by further developing Power Dot’s pipeline of new locations.
Through its growth plans, Power Dot will help the adoption of EVs by providing affordable and sustainable fast-charging stations in key public locations throughout Europe, thus contributing to the decarbonisation of transport.
Luis Santiago Pinto, co-founder and CEO of Power Dot, says, “Destination charging is amongst the fastest growing segments by demand, and also one where rapid charging needs are strongest. With strong political support aiming to ban the sale of internal combustion vehicles within the EU by 2035, EVs are expected to account for approximately 50 per cent of passenger car production by 2030. In partnership with Antin, Power Dot is poised to capitalise on these strong market tailwinds that are creating a significant EV charging market.”
Pan European EV charging network
Founded in 2018 by Luis Santiago Pinto and Jose Sacadura, Power Dot claims to be one of the fastest-growing owner-operators of charging points for electric vehicles in Europe. The startup invests, instals and operates EV chargers. Its aim is to create a charging experience in people’s lives by installing chargers in everyday, high-traffic locations where people naturally park their cars.
With support from the Arié Group and almost four years of operation, Power Dot has invested in hundreds of different locations and is now operating a diverse portfolio of shopping malls, large retailers, gas stations, business centres, and municipalities. Currently, it operates in Portugal, Spain, France, Belgium, Luxembourg, and Poland, and aims to be a leader in destination charging in Europe.
Power Dot comprises a network of approximately 5,000 charging points in high-traffic tier 1 public locations. This growing network has been built through the company’s commercial partnerships with large retailers, shopping centres, motorway service stations, and fleet operators.
Since its inception, the startup claims its EV chargers have powered more than 26 million fully electric driven kilometres, representing the equivalent of over 4,000 tonnes of CO2 avoided, thereby furthering the EU’s overall aim of reducing greenhouse gas emissions by 90 per cent by 2050.
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