Gireve, a French EV charging startup, raises €20M

Gireve, a dynamic mobility startup, has successfully raised €20 million from Partech to accelerate its European expansion and enhance its technological offerings. This significant investment underscores Gireve’s pivotal role in the zero-carbon mobility ecosystem and highlights its ambitious plans for future growth and innovation.

Gireve has established itself as a key connector within the mobility sector, linking stakeholders with a vast network of charging stations. The company’s platform integrates over 500,000 charging points, facilitating more than 100 million charging sessions annually. This extensive network not only underscores Gireve’s central role in the shift towards sustainable mobility but also demonstrates the platform's capacity to handle high volumes of usage effectively.

The investment agreement with Partech involves the participation of Partech’s Impact Fund in Gireve’s capital, complemented by additional capital contributions from existing shareholders.

This €20 million investment will be strategically utilized to support Gireve's ambitious goals, including its European and international expansion. By broadening its geographical reach, Gireve aims to solidify its position as a leading player in the global zero-carbon mobility market, capitalizing on the growing demand for sustainable transportation solutions.

In addition to geographic expansion, the funding will also facilitate the development of new and innovative services. Gireve plans to introduce advanced functionalities such as Plug & Charge and Clearing, which are expected to significantly enhance the platform’s value proposition.

These services will streamline the user experience, making it easier for customers to manage their electric vehicle charging needs. Plug & Charge, for instance, simplifies the charging process by allowing drivers to plug in and charge without the need for additional authentication steps, while Clearing services will ensure smooth financial transactions between different stakeholders.

Furthermore, the investment will support the enhancement of Gireve’s data and consulting solutions. By advancing these capabilities, Gireve aims to provide deeper insights and more comprehensive solutions to its customers, enabling them to optimize their operations and make informed decisions based on robust data analytics. This focus on data-driven solutions aligns with Gireve’s commitment to innovation and customer-centricity, ensuring that the platform continues to meet the evolving needs of the mobility sector.

Gireve’s platform already boasts a range of robust capabilities, including contracting, invoicing, and data exchange between various sector stakeholders. The new funding will accelerate the integration of these new services, providing customers with seamless and advanced functionalities that enhance their experience and operational efficiency. By accelerating the development and deployment of new services, Gireve aims to stay ahead of the competition and maintain its leadership position in the market.

The investment will also enable Gireve to finance its continued development and growth strategy, furthering its presence and operational capabilities across Europe and other international markets. This expansion is crucial for Gireve to tap into new opportunities and meet the increasing demand for electric vehicle infrastructure worldwide. By expanding its reach, Gireve can offer its innovative solutions to a broader audience, driving the adoption of electric vehicles and contributing to the global effort to reduce carbon emissions.

Partech’s endorsement of Gireve’s strategic direction is a testament to the platform’s potential and the strength of its value proposition. Arnaud Minvielle and Rémi Said, General Partners of Partech Impact, expressed their enthusiasm for the partnership, highlighting Gireve’s central role in developing electric vehicles in Europe, its capacity for technological innovation, and its strong culture of customer service. They believe that Gireve has the potential to become a global leader in the electric vehicle infrastructure market, given its innovative solutions and dedicated team.

Eric Plaquet, Chairman of Gireve, welcomed Partech Impact as a shareholder, emphasizing the alignment of strategic goals and values. He expressed confidence that the new investment will support Gireve’s plans to continuously improve its services and offer an increasingly powerful and high-quality platform. Plaquet also praised the Gireve team for their dedication and hard work, which have been instrumental in driving the company’s success and fostering a culture of innovation.

Gireve’s successful fundraising round, led by Partech, marks a significant milestone in its journey towards becoming a global leader in the zero-carbon mobility ecosystem. The new investment provides Gireve with the resources needed to expand its market presence, develop cutting-edge services, and enhance its platform’s capabilities. This strategic move not only reinforces Gireve’s commitment to innovation and customer service but also sets the stage for its continued growth and impact in the sustainable mobility sector.

As Gireve advances its mission, it remains at the forefront of driving the adoption of electric vehicles and creating a more sustainable future for transportation.

By leveraging the new investment to expand its geographical reach, develop new services, and enhance its data and consulting solutions, Gireve is well-positioned to lead the market and make a significant contribution to the global effort to reduce carbon emissions. This strategic alignment with Partech ensures that Gireve has the support and resources necessary to achieve its ambitious goals and continue its trajectory of growth and innovation in the zero-carbon mobility ecosystem.