SUBSCRIBE
PROFILE

Electric vehicle recharging: Driveco raises EUR 250 million

Driveco is raising €250 million from APG to expand from 8,000 to 60,000 electric vehicle charging points by 2030, targeting retailers such as Carrefour, hotels, schools and hospitals.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

French electric vehicle charging specialist Driveco has raised €250 million from Dutch pension fund APG to expand from the current 8,000 charging points to 60,000 by 2030, Le Figaro reported Tuesday. Driveco, which developed its first charging stations in 2014 at solar power producer Corsica Sol, went independent in 2016, selling turnkey charging solutions to parking lot owners.

The start-up initially provided the installation, operation and maintenance of the terminals, with owners taking the risk of the investment, before changing the model in 2020 to become the owner of its terminals, the daily reports.

Profitable since 2019, Driveco employs 100 people and currently has 8,000 charge points in operation or being deployed, in France and Belgium. Its goal is to reach 60,000 by 2030, including Germany, Spain, Italy, the Netherlands and Switzerland, according to Le Figaro.

“One of our big targets is the distributors who are big landowners” like Carrefour, told the newspaper the general manager Ion Leahu-Aluas. “We’re also looking at hotels, logisticians, schools, hospitals, companies that want terminals for their employees,” he added.

  • Popular on energynews.pro
Kazakhstan entrusts German Nukem with oversight of its nuclear back-end
Iberdrola secures 84% of Neoenergia after €1.88bn acquisition
Nuclear energy retained in the European Union green taxonomy
Orazul Energy launches cash tender offer for its 2027 notes
Westinghouse and EDF reactors deemed viable for Slovenia’s JEK2 nuclear project
Stellantis calls EU 2035 combustion engine ban unrealistic without regulatory flexibility
Stellantis CEO Antonio Filosa calls for adjustments to the 2035 deadline to safeguard industrial activity and accelerate decarbonisation through flexibility mechanisms.
China redefines electric vehicle strategy around technological innovation
Faced with falling margins and overcapacity, Beijing is restructuring its electric vehicle industry by focusing on quality, standards, and technological upgrading.
Norway tests first commercial cargo flight with fully electric aircraft
An American-built electric aircraft completed a test flight between Stavanger and Bergen, marking a key step in integrating zero-emission air cargo operations into Norwegian airspace.
UAE energy undersecretary visits Tellus Power in Hong Kong
The visit marks a new step in the cooperation between the United Arab Emirates and Tellus Power, aiming to establish an EV charging station production unit in the Gulf.
Toyota invests €680mn to produce its first electric vehicle in Europe
Toyota launches production of its first electric vehicle in Europe at its Kolin plant in the Czech Republic, supported by a €680mn investment, including €64mn in public funding.
Canada funds 480 new electric vehicle charging stations in British Columbia
The Canadian government invests CAD22.7mn ($16.7mn) in eight projects to strengthen the electric vehicle charging network in British Columbia.
Ireland launches SAF roadmap, 318 kt targeted by 2035
Ireland presents an SAF roadmap structured around four pillars, projecting 88,000 tons in 2030 and 318,000 tons in 2035, aligned with ReFuelEU and European support, while Aer Lingus and Ryanair set usage targets.
Global EV Charging Points to Reach 206.6 Million by 2040
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
TDK Ventures invests in Ultraviolette to accelerate electric mobility in India
The Japanese group TDK’s venture capital fund supports Ultraviolette, an Indian electric motorcycle manufacturer, to help it scale up in a domestic market estimated at over $50 billion within ten years.
U Power secures agreement to deploy 300 battery-swapping electric vehicles in Hong Kong
U Power announces the signing of a letter of intent to supply 300 battery-swapping compatible electric vehicles in partnership with a Hong Kong-based technology manufacturer, marking a major milestone for intelligent commercial mobility.
Ember: A small portion of wind and solar capacity would meet India’s electric vehicle needs by 2032
According to Ember, only 3% of India’s wind and solar targets for 2032 would be sufficient to cover the entire electric vehicle charging demand, provided appropriate measures are taken for grid management and charging infrastructure.
TotalEnergies leads high-power charging on motorways with 1,800 stations
TotalEnergies holds 23% of the high-power charging market on French motorways, according to data published by Gireve, with more than 1,800 active points across 265 service stations.
London reinstates grants to accelerate electric-vehicle adoption
The British government is mobilising USD845mn to subsidise electric-car purchases, easing pressure on an industry hit by US tariffs and preparing for the 2030 ban on internal-combustion engines.
Electroverse reaches one million public electric vehicle charging points worldwide
Octopus Energy’s Electroverse platform surpasses one million public electric vehicle charging points, strengthening its international presence with a subscription-free model available in 40 countries through a single payment card.
Norse Energi launch strengthens DEME’s offshore fleet
Belgian marine constructor DEME floated its second giant wind-turbine installation vessel, Norse Energi, at China’s CIMC Raffles yard, a key step in an investment programme aimed at meeting growing offshore lifting demand.
Arctic Shipping Route: Commercial Opportunities and Technological Challenges for the Naval Sector
The Northern Sea Route attracts businesses due to its logistical speed but presents significant technological challenges for the naval industry, especially in designing vessels adapted to extreme Arctic conditions.
United States cancels fuel economy standards set by Biden
The U.S. Department of Transportation is withdrawing strict fuel economy standards adopted under Biden, citing overreach in legal authority regarding the integration of electric vehicles into regulatory calculations for automakers.
Ireda files second bankruptcy petition against Gensol Engineering
The Indian Renewable Energy Development Agency is pursuing Gensol for a total default of over Rs 7.28 billion ($90.91mn), now targeting its electric vehicle leasing business.
IEA lowers forecast on oil impact from electric vehicles by 2030
The International Energy Agency expects electric vehicles to cut oil demand by 5 million barrels per day by 2030, down from a previous estimate of 6 million, citing economic and trade uncertainties.
Adani deploys a hydrogen mining truck for coal logistics
Adani Enterprises has launched a hydrogen-powered truck at a public mine in Chhattisgarh, marking a first in India for heavy transport in the mining sector.

Log in to read this article

You'll also have access to a selection of our best content.