The startup founded in 2019 Eze Network develops and operates charging infrastructure at publicly accessible "Park and Charge" locations. The company currently operates in several major metropolitan areas in Germany, including Munich, Berlin, Hamburg, and Cologne. According to the company, Eze currently operates charging infrastructure at approximately 800 parking spaces, with significant expansions planned for the next 18 months.
After the Deeptech & Climate Fund (DTCF) invested in the Munich-based company together with private investors at the end of last year, the commitment now follows from Arcus Infrastructure PartnersThe unspecified sum that the infrastructure fund is investing in Eze is intended primarily to benefit short-term network expansion plans.
Eze Network as an “extremely attractive player”
Michael Allen, Partner and Head of Transport at Arcus, comments:
"We have been researching the electric vehicle charging sector for some time and identified Eze as a highly attractive player due to its solid position in the rapidly growing park-and-charge segment, which is critical to supporting the decarbonization of the transport sector. Eze fits well into our portfolio thanks to its long-term contracts with municipalities in several major metropolitan areas and its strong track record. The company is already well established and on a strong path, and we look forward to working with Eze's management team to continue its growth."
Nancy Valentine-Urbschat, co-founder and CEO of Eze, says:
“Arcus’ investment and long-term commitment give us the financial backing we need to expand in Germany and beyond and become one of the leading players in public charging infrastructure.”
And Michael Valentine-Urbschat, co-founder and managing director of Eze, adds:
"We are pleased that our commitment to building a sustainable charging business from day one has been recognized by Arcus. With the additional equity, we will focus on strengthening these unique business elements to further differentiate ourselves in the market."
EZE's existing shareholders, including the DeepTech & Climate Fund (DTCF), will remain invested in the company.
