IMPROVED acts as financial advisor to E-Flux on the private placement from Varo Energy

“E-Flux has grown rapidly since our initial investment in the business in 2021. With growing demand across Europe, now is the right time to support the company as it looks to expand into new markets. By investing in E-Flux, VARO will help E-Flux enter the major EV markets of France, Italy, Spain, and the UK while strengthening its leading position or presence in Belgium, Germany and The Netherlands. This infusion of new capital is a resounding vote of confidence in the potential of E-Flux and underscores our trust in the team’s ability to drive sustained growth for the company. I am excited about the next phase of growth in EV charging for E-Flux and VARO.”

“With the funding we can further invest in our international expansion and simultaneously keep delivering excellent customer service for managing EV charging transactions. We’re delighted about further accelerating our growth with VARO; this funding is a huge endorsement of the progress we’ve made and the trust they have in us.”

“We congratulate the E-Flux and Varo team on this new investment. Electrification of commercial transportation across all vehicle segments is rapidly accelerating and has reached its inflection point. With this additional capital, and leveraging its strong fundamentals and professional management team, E-Flux is well-positioned to take a leading role and further accelerate electrification in the sector. It was a pleasure working with the professional teams at E-Flux and Varo.”