IMPROVED advises MobilityPlus on the €40mn financing round from Suma Capital

  • Date October 23rd, 2024
  • Transaction type Growth Financing
  • Sector Mobility
  • Sub Sector Electric Vehicle Charging and Energy Management Solutions
Further Info

MobilityPlus, a leading Belgian-based solution provider in the European EV charging market, has raised a €40mn financing round from Suma Capital through its Climate Impact Fund III, an Article 9 fund dedicated to energy transition investments in Europe, and existing shareholder Concentra. This investment will accelerate the growth of MobilityPlus in Belgium and France with an end-to-end charging solution, including smart charging and Charging-as-a-Service (CaaS) solutions, to support its rapidly expanding client base of corporate and real estate clients in the transition to sustainable electric mobility.

Founded in 2016 and headquartered in Belgium with a subsidiary in France, MobilityPlus provides B2B integrated EV charging solutions for corporate fleets and real estate clients. The company’s all-in-one app offers a seamless experience for EV drivers, while its comprehensive platform and reporting tools provide detailed insights into charging data and energy consumption and management. With over 15,000 charging points installed in Belgium and France, and access to 550,000 charging stations across Europe through roaming, and a flexible CaaS model that eliminates upfront investments for clients, MobilityPlus is well-positioned to lead the transition to sustainable mobility.

IMPROVED acted as the exclusive financial advisor to MobilityPlus and its shareholders in this growth financing transaction. By leveraging its deep understanding of market dynamics and investor strategies, IMPROVED secured the optimal growth partnership to drive MobilityPlus’ expansion and solidify its leadership in the EV charging sector.

The investment of Suma Capital, through its Climate Impact Fund III, will support the company in significantly growing the portfolio of charging points in the fast-growing B2B and EV fleets segment.

"The company has an impressive track record with innovative charging solutions, sustainable growth and a solid customer base. We are excited to support their further expansion to decarbonize transport and mobility. Our investment will consolidate the company's corporate development as well as finance Charging-as-a-Service projects for customers. Our goal is to promote economic growth with a positive impact on both the environment and society, and MobilityPlus aligns perfectly with that vision."

Ruperto Unzué and Jérome Petitjean

Partners, Suma Capital

"This capital injection and partnership with Suma Capital is essential to further expanding our technological lead and elevating our smart charging solutions. We continue to focus on enhancing the user experience through the development of innovative technologies and advanced energy management systems. This way, we help companies not only reduce their charging costs but also comply with increasingly strict regulations. This will solidify our position in the B2B market and amplify our impact on sustainable mobility."

Jean-Francois Cheyns

Founder and Co-CEO, MobilityPlus

"In a rapidly evolving market, standing still is not an option – and organic growth alone won't be enough. Our customers expect an exceptional charging experience and set the bar high. That's why we have continuously reinvented ourselves and transformed our offering from a product into a comprehensive service: MobilityPlus eXperience. With Suma Capital as our strategic partner, we are ready to accelerate this transformation, allowing our customers to concentrate on what they do best while we handle the rest."

Kris Pensaert

Co-CEO, MobilityPlus

"We are thrilled to have supported MobilityPlus in securing this significant financing from infrastructure investor Suma Capital, and congratulate all deal teams involved. This transaction validates the demand and momentum for accelerated roll-out of reliable EV charging infra solutions, and reaffirms investor appetite for E-mobility companies with strong fundamentals and ambitious yet feasible growth plans. IMPROVED remains extremely well positioned to support companies in their financing strategies to execute on their strategic roadmap."

Bas Hendriks

Director, IMPROVED