Gireve, a Key Player in EV Charging, Raises Funds to Invest in New Services and Consolidate Global Leadership

Gireve, a Key Player in EV Charging, Raises Funds to Invest in New Services and Consolidate Global Leadership

Paris, June 3, 2024 - Under the terms of the agreement, the investor Partech, through its Impact Fund, will participate in the company's capital, reinforced by new capital contributions from existing shareholders. The €20 million deal will further the platform's expansion in Europe and internationally but also develop new services such as Plug & Charge and Clearing. It will also enable the company to develop its data and consulting solutions further.

Gireve, a key global player in electric vehicle charging and the decarbonization of transport

With a presence in 35 countries, Gireve is a crucial player in electric vehicle charging. As a key industry partner, Gireve connects mobility stakeholders with charging stations, making EV charging easy and seamless worldwide. With over 500,000 charging points connected to its platform, Gireve registers over 100 million charging sessions annually and is now a key player in the zero-carbon mobility ecosystem.

Quality, added value, and innovation are at the heart of the platform

Gireve's platform already facilitates contracting, invoicing, and data exchange between different players in the sector. With this new round of financing, the company will increase the value it creates for its customers by accelerating the integration of new innovative services such as Clearing and Plug & Charge. It also provides the company with the means to finance its continued development in Europe and internationally.

Arnaud Minvielle and Rémi Said, General Partners of Partech Impact: "Partech Impact is delighted to enter into this partnership with Gireve. We were convinced by the platform's central and essential position in developing electric vehicles in Europe, its capacity for technological innovation, its strong culture of customer service, and the commitment and quality of its teams. Gireve has what it takes to become a global leader in this new industry".

Eric Plaquet, Chairman of Gireve: "We are very pleased to welcome Partech Impact as a shareholder in Gireve. The support of a leading investor aligns with our logic of global growth at this stage of our development. The strategic alignment is strong, and the values are shared. With this fundraising, we are financing our plan to improve our services continuously and offer an increasingly powerful and high-quality platform. We are also delighted with the renewed confidence of our long-standing shareholders, who support us in our drive for value and innovation. A big well done to the fantastic Gireve teams who make this adventure possible every day".

Sophie Paturle, Managing Partner of Demeter: "With the FMET (Fonds de Modernisation Ecologique des Transports) managed by Demeter, we are proud to have contributed to the rise of Gireve, a key player in the interoperability of electric vehicle charging stations - a key element in the development of the EV market - and very happy to welcome Partech on board to accelerate the realization of Gireve's enormous potential, led by Eric Plaquet and the remarkable team around him."

Olivier Dubois, Head of Electric Mobility, EDF Group: "Reducing CO2 emissions is a priority objective for the EDF Group, which has made the development of electric mobility a key focus of its strategy. In this context, decarbonized electricity and the development of new electric applications are the solutions for greener transport in the future. Having worked with Gireve since 2013 to develop interoperability, we are convinced that Gireve is the key player in supporting the expansion of publicly accessible charging and the development of new services. Developing its business is key to further consolidating its position in the electric mobility ecosystem."

Pierre de Firmas, Director of Electric Mobility at Enedis: "As a public utility and the first company with a mission in the energy sector, Enedis is fully committed to the development of electric mobility in France and access to charging everywhere and for everyone. From the outset, Enedis has supported Gireve, a key player in the European ecosystem. We are pleased to renew our support today by participating in this capital increase, which will provide the company with the means to finance a new phase in its development".

Gautier Chatelus, Deputy Director of Infrastructure and Mobility at Banque des Territoires: "The deployment of charging stations in France is a priority for Banque des Territoires. Gireve has long been a key partner for both public and private players in the development of electric mobility. By participating in this latest round of financing, we are very pleased to be able to continue our historical support of the company in its core business as well as in the innovations it is developing (Plug & Charge and Smart Charging in particular), in a dynamic that will benefit the entire ecosystem."

About Partech

Partech is a global technology investment firm headquartered in Paris with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Bringing together a team of industry and technology specialists with strong convictions, Partech provides capital, operational expertise, and strategic support to the companies it invests in. Founded 40 years ago in San Francisco, Partech today manages €2.5 billion in assets for a current portfolio of 220 companies in 40 countries on 4 continents.

Partech Impact is Partech's growth impact fund. Partech Impact invests in European impact technology champions that have already demonstrated a proven business model and aim to accelerate their growth. Partech Impact invests in companies that want to fundamentally change the value chains in which they operate in industry, environment, agriculture, cities, and healthcare.

About DEMETER and the Fonds de Modernisation Ecologique des Transports

DEMETER is a major European player in private equity for the ecological transition. Its funds invest between 1 and 40 million euros to support companies in the sector at all stages of their development: innovative start-ups, fast-growing SMEs and ETIs, and infrastructure projects. The 38-strong Demeter team, based in Paris, Lyon, Bordeaux, Grenoble, Madrid, and Düsseldorf, manages €1.3 billion and has made over 240 investments since 2005.

The Fonds de Modernisation Ecologique des Transports (FMET) is a €200 million fund dedicated to investments in infrastructure for the ecological modernization of transport, invested by Vinci Autoroutes, APRR, and the Abertis Group, shareholder of SANEF.

Contact: sophie.paturle@demeter-im.com - www.demeter-im.com

About Banque des Territoires 

Banque des Territoires is one of Caisse des Dépôts' business lines. It brings together the Group's in-house expertise for the benefit of the territories. As a single point of contact for its customers, Banque des Territoires works alongside all local players: local authorities, local public enterprises, social housing organizations, the legal professions, businesses, and financial players. It supports them in carrying out their public-interest projects by offering a continuum of solutions: advice, loans, equity investments, consignments, and banking services. Banque des Territoires aims to maximize its impact, particularly regarding ecological transformation and social and territorial cohesion, by reaching out to all regions, from rural areas to metropolises. Banque des Territoires' 37 local offices ensure its action is deployed throughout metropolitan France and the French overseas territories.

About EDF

A major player in the energy transition, the EDF Group is an integrated energy company active in all business lines: generation, distribution, trading, energy sales, and energy services. The world leader in low-carbon energy, with 434 TWh of decarbonized production, the Group has developed a diversified production mix based mainly on nuclear and renewable energy (including hydropower). It is investing in new technologies to support the energy transition. EDF's raison d'être is to build a CO2-neutral energy future that reconciles the preservation of the planet, well-being, and development, thanks to electricity and innovative solutions and services. The Group provides energy and services to approximately 40.9 million customers (1) and generated revenue of 139.7 billion euros in 2023. (1) Customers are counted by delivery point; a customer may have two delivery points.

About ENEDIS 

Enedis is a public service that operates the electricity distribution network and employs 39,000 people. Serving 37.5 million customers, it develops, operates, and modernizes 1.4 million kilometers of low- and medium-voltage electricity networks (230 and 20,000 volts) and manages the associated data. Enedis carries out customer connections, 24/7 troubleshooting, meter reading, and all technical interventions. Acting on behalf of local authorities, who own the networks, it is independent of energy suppliers responsible for selling and managing the electricity supply contracts.

About Gireve

Gireve is the leading digital platform for EV charging interoperability. As a key partner to industry players, Gireve connects them through its digital platform, enabling contract exchange and roaming charging. Gireve facilitates clearing for operators by offering innovative tariff management and automated billing control. Through its digital platform, Gireve references nearly 500,000 charging stations in more than 30 countries, manages more than 10,000 roaming contracts, and handles millions of transactions in its systems yearly.

Gireve processes and enriches data on charging stations and driver behavior to provide analysis and consulting services to government agencies and private players. They turn to Gireve to get an overview of each area's charging situation, develop a new market strategy, implement their company's energy transition, expand their services, or anticipate future issues.

For further information: www.gireve.com

Press contact: 

Gireve - Marie Bonnefous - marie.bonnefous@gireve.com - 0033184732257