Wattif EV has agreed a €50m investment from Marguerite, one of Europe’s most active investment fund managers in sustainable infrastructure projects.
Just over 12 months after being established in Norway, the agreement represents further investment in Wattif EV, underlines Wattif’s growth potential and realistic projected plans to become Europe’s leading provider of destination charging for EVs. Wattif EV’s focus on generating profit whilst contributing to sustainable economic growth across Europe, will drive further organic growth.
“Marguerite’s investment is of significant value to Wattif at a pivotal time for us, with changes in European EV legislation and EV transport requirements foreseen over the next 5 to 10 years. The timing is perfect and helps Wattif EV in enabling change now and will therefore be of influence in delivering sustainable driving behaviour and contributing to net zero targets. It is vital that car buyers have their barriers to EV ownership removed and destination chargers are pivotal in the battle to both reduce emissions and support European governments’ ambitions to remove petrol and diesel new car purchases by 2030. Marguerite recognised our position as both an innovator and a deliverer in this programme, with large potential for growth.» says Robert Svendsen, CEO of Wattif EV.
“We strongly believe in Wattif EV’s strategy to target the destination charging segment in countries leading the way for electric vehicle adoption. We look forward to working with Wattif’s founders and management to accelerate the deployment of charging infrastructure and enable Wattif to become one of the leading providers in Europe”, said Michael Dedieu, Managing Partner at Marguerite.
Image: Robert Svendsen, CEO and Bård Mikkelsen, Chair of the Board at Wattif EV.