Sum Capital signs its second international operation. The manager has fully subscribed a financing round of 40 million euros in MobilityPlusa leading provider of charging solutions for electric vehicles, based in Belgium and France. Previous investors like Concentratehave also reinforced their participation in this round, underlining their confidence in the company’s growth strategy and vision.
With this injection, Suma Capital guarantees a minority position in the holding company and, in turn, a majority position in the asset company (assetco). This company is the company that finances the assets for the Caas (charging as a service) model.where the Mobility Plus customer does not have to pay for the equipment, but simply pays a monthly fee.
The capital injection, led by Suma Capital through its fund SC Climate Impact Fund III will allow MobilityPlus to accelerate its growth in Belgium and France to become a comprehensive solution for corporate and real estate clientsfinancing charging infrastructure for customers and expanding its smart charging services to support companies and corporate fleets in their transition to electric mobility. Additionally, it will help companies meet decarbonization targets and realize significant cost savings.
With this operation, Suma Capital reinforces its role as a key player in promoting sustainable mobility in Europe, facilitating the expansion of MobilityPlus in key markets such as Belgium and Francewhere the company has already installed more than 15,000 charging points.
The financing will allow MobilityPlus to increase its service capacity, offering comprehensive charging solutions that encompass design, installation, operation and energy management for large corporate and logistics fleets, as well as charging infrastructure in workplaces, homes and public points.
Ruperto Unzué, partner of Suma Capital, assures that “MobilityPlus has an impressive track record of innovative charging solutions, sustainable growth and a strong customer base. We are proud to support its expansion. “Our goal is to promote economic growth with a positive impact on both the environment and society, and MobilityPlus aligns perfectly with that vision.”
For its part, Jean-François Cheynsfounder and co-CEO of MobilityPlus, said: “This capital injection is essential to continue expanding our technological advantage and improve our smart charging solutions.
For this transaction, MobilityPlus has been advised by IMPROVED (mergers and acquisitions) and Janson (legal). Suma Capital has been advised by AFRY (technical and ESG), PwC (financial and tax), Herbert Smith Freehills and Liedekerke (legal).
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