More electric vehicle charging stations are coming soon to Europe.

‍What’s happening:‍

• Paris based electric vehicle charging station company Electra has raised €304M in a new Series B financing round
  
• The round was led by Dutch pension fund asset management company PMMG
  

How it works:‍

• Electra has built a network of electric vehicle charging stations that individuals can book in advance, based on which location is closest to them at the time
  
• Electra’s charging stations will automatically recognize the make and model of your electric vehicle and bill users for the exact amount of charging time used through their mobile app
  

By the numbers:‍

• Electra currently operates electric vehicle charging networks in 8 different countries across Europe
  
• Electra has 172 individual locations across all of Europe and more than 1,000 individual charging points in total
  
• In 20 minutes, Electra charging stations are capable of delivering 400 kilometres of range for most electric vehicles
  

Going deeper:‍

• Electra is quickly becoming one of the fastest growing electric vehicle charging networks in Europe and has landed significant partnerships with Honda, Hertz and others
  
• Energy Infrastructure Partners, one of Europe's largest funds focused on the energy transition, and Electra have a joint venture partnership to expand charging stations specifically in Switzerland and Austria

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