Ekoenergetyka gains captial from Enterprise Investors

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, is acquiring a minority stake in Polish charging infrastructure provider Ekoenergetyka. The fund will invest over 45 million euros in Ekoenergetyka and other e-mobility related projects.

The transaction is still subject to obtaining antitrust approval, according to Enterprise Investors (EI). The investment company did not reveal which other eMobility projects are involved and what share of the 45 million euros is to flow into these projects.

In announcing the investment, EI praises the Polish company for its products and services being implemented in the largest European cities, including Barcelona, Berlin, Hamburg, Munich, Paris and Warsaw. EI says: “Thanks to its continually expanding R&D capabilities, superior research facilities and first-class production equipment, Ekoenergetyka is the technological leader in the field and successfully competes with international peers.” The investment firm says that Ekoenergetyka is led by a young management team “with the right mix of vision, expertise and motivation to implement its ambitious expansion plan”.

Ekoenergetyka was founded in 2009 by Bartosz Kubik and Maciej Wojeński on the basis of a research project. Today, Ekoenergetyka is best known for its electric bus and commercial vehicle charging systems, but the Polish company also manufactures car charging stations.

“We strongly believe in the electromobility sector’s dynamic growth and are very impressed by Ekoenergetyka’s innovation and technological sophistication as well as by how the company is commercializing its solutions,” said EI partner Sebastian Król, who is responsible for the transaction. “Ekoenergetyka’s solutions have been selected and implemented by the largest public transport operators in Poland and Europe, as well as by the major charging and fuel distribution networks. Thus the company is helping shape the development of this extremely fast-growing young market. This is an advantage we plan to use to reinforce Ekoenergetyka’s leading position.”

Commenting on the deal, Bartosz Kubik says: “Ekoenergetyka is planning swift expansion, primarily in foreign markets. For this next step in our company’s development we sought a strong financial partner that would support us with both capital and experience.”

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