Antin Infrastructure Partners said that its investment platform of NextGen has agreed to purchase a co-controlling stake in Power Dot, a major European owner-operator of en-route and destination EV (electric vehicle) charging infrastructure, from Power Dot, Arié Group, and other current owners.
Power Dot was founded in Portugal in 2018 and has since quickly expanded into France, Luxembourg, Spain, Belgium, and Poland, with a network of over 5,000 charging points1 which are in high-traffic tier 1 public places. Power Dot’s commercial collaborations with large retailers, shopping malls, highway service stations, and fleet operators have helped to create this comprehensive and steadily growing network.
Since its inception, Power Dot’s EV chargers have powered over 26 million kilometers that are fully electric driven, avoiding over 4,000 tonnes of CO2, helping the EU achieve its overall goal of reducing carbon emissions by 90% by 2050.
Antin’s investment, which will be used as part of the company’s Nextgen strategy, comes on the heels of the firm’s recent announcement of a stake in smart grid builder SNRG. Antin’s dedication to creating a portfolio of scalable and sustainable next-generation infrastructure companies can be seen in both of these investments.
Antin will help expand Power Dot’s already impressive network of electric vehicle charging stations. Antin’s team will collaborate closely with the group’s experienced management team to help Power Dot expand its EV charging portfolio by increasing its presence with current corporate sponsors and expanding Power Dot’s solid pipeline of new sites. Power Dot is well-positioned to assist usher in the broad use of electric vehicles by offering sustainable and affordable fast charging points in key public sites across Europe, thus helping to the decarbonization of transportation.
“Destination charging is one of the fastest-growing categories in terms of demand, as well as one where quick charge needs are greatest,” said Luis Santiago Pinto, CEO and the co-founder of Power Dot. EVs are predicted to account for around 50% of passenger auto manufacturing by 2030, thanks to strong political support aimed at banning the sale of IC (internal combustion) vehicles within the EU by 2035. Power Dot is well-positioned to profit from these strong market tailwinds, which are developing a major EV charging market, thanks to its cooperation with Antin.”
“Over the past couple of years, Power Dot has planned and carried out its approach across Europe,” Jose Sacadura, General Manager (GM) and co-founder of Power Dot, said. We have discovered the ideal partner to help us accelerate our pan-European network growth thanks to Antin’s great track record in growing platforms and its robust industrial strategy.”
“Power Dot is exactly the type of firm that we anticipate for our NextGen approach,” said Nicolas Mallet, a NextGen Partner at Antin. Antin has always been a leader in spotting long-term market trends, and NextGen is fixated on tomorrow’s infrastructure. We’re excited to collaborate with the Power Dot team to help the firm achieve its full potential.”