Portugal news - Portuguese EV Charging operator Powerdot raises 165 million euros in green financing from ABN Amro, BNP Paribas, ING, MUFG Bank, Santander, and Société Générale to significantly bolster its ambitious goal of further deploying ultra-fast power charging points throughout Europe.
The €165 million green financing facility, together with an additional €60 million of uncommitted accordion facility, will expand Powerdot’s network of EV charging points to reach more than 3,100 locations by 2026. This green financing has been structured according to the Green Loan Principles defined by the Loan Market Association and constitutes a strategic milestone to reflect the company’s commitment to low-carbon mobility and innovation.
As part of this financing, Santander acted as sole financial advisor and green financing coordinator, McKinsey & Co. acted as commercial and technical adviser, Clifford Chance and PLMJ acted as legal advisers to Powerdot. Gibson Dunn and Morais Leitão acted as legal advisers to lenders, and EY acted as financial and tax adviser and model auditor.
In addition to this funding round, Powerdot has already secured more than 465 million euros in funding commitments to date, underscoring robust company growth and continued investor confidence.
The development of green infrastructure for electric vehicles throughout Europe is furthering the transition towards net-zero transport, further solidifying Powerdot’s leading industry position.
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