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VEGA CHARGERS

VEGA CHARGERS closes a new funding round with the inclusion of ORBIS and the backing of ENION PARTNERS and CDTI INNVIERTE.

Barcelona, July 26th, 2023 – VEGA CHARGERS, a leading company in the development and manufacturing of last-generation smart charging stations has closed a new funding round led by ORBIS as a new strategic stockholder and the firm backing of ENION PARTNERS and CDTI INNVIERTE, who have doubled the investment made in the company to date. The investment will be employed in increasing the production capacity and funding the company’s international expansion.

VEGA CHARGERS has experienced exponential growth since it was founded and this latest funding round represents an important milestone for them. In 2022, when ENION PARTNERS acquired an interest in VEGA CHARGERS, the company grew their turnover ten-fold compared to the previous year and they now expect to grow their turnover six-fold in 2023. The trust placed by the investors reflects the company’s potential to revolutionise the electric charger market.

VEGA CHARGERS is a leading company in the electric charger sector, focused on providing smart and sustainable charging solutions. Founded in 2019, the company is a pioneer in cutting-edge charging technologies and is committed to driving the transition towards a more environmentally friendly mobility. The growing awareness of the environmental benefits of electric vehicles has fuelled the demand for reliable and efficient charging infrastructure. For this reason, the company is in a very good position to continue its upward trend towards a more sustainable and electrified future.

According to Iban Fontcuberta, CEO of VEGA CHARGERS, “the inclusion of ORBIS and the backing of existing investors will enable VEGA CHARGERS to continue with its road map to increase production capacity and to provide resources to develop its on-going projects with the ultimate goal of ensuring the company’s sustainable growth”.

With the inclusion of ORBIS, VEGA CHARGERS has strengthened its capital structure and expanded its strategic support network.

According to Hugo Geiger, CEO of ORBIS, “this is a strategic operation from which both companies will obtain significant synergies and, there is no doubt that this will be key to addressing the future challenges faced by the electric mobility market”.

ORBIS is a company owned by 100% Spanish capital, with 4 production centres located in the European Union (3 in Spain and 1 in Italy) and a global presence in over 60 markets. Using their “smart energy” motto, they have been decarbonising our cities for over 70 years with their smart public lighting control systems, managing electricity metering with their smart meters, making our homes and buildings more efficient with their smart home and air conditioning control solutions and, in the last decade, leading the mobility electrification with their portfolio of connected smart charging stations for electric vehicles.

ENION PARTNERS, a venture capital firm specialising in managing funds focused on investing in technology companies that work towards the decarbonisation of the economy and the fight against climate change, have once again placed their trust and participated in this funding round. According to Josep-Miquel Torregrosa, partner and firm director, “VEGA CHARGERS is a clear example of an innovative company with advanced technology, leader in their sector and with the potential to become a global player in the sustainable mobility sector”. By investing again in the company, ENION PARTNERS have demonstrated that they support VEGA CHARGERS’ vision and potential to lead the development of electric vehicle charging infrastructure around the world.

The figures involved in the operation have not been made public.