Arcus Infrastructure Partners invests a double-digit million amount in eze.network
- Arcus invests in Munich-based eze.network GmbH, a provider of charging infrastructure for electric vehicles in Germany.
- The investment enables EZE to accelerate its expansion plans and strengthen its position in the market.
- The existing shareholders, including the DeepTech & Climate Fund, will remain investors and support the strategic partnership.
Munich, June 25, 2024 – Arcus Infrastructure Partners (“Arcus”) is pleased to announce its investment in eze.network GmbH (“EZE”). EZE is an independent operator of charging stations based in Munich, offering full-service charging infrastructure for electric cars in both large metropolitan regions and smaller communities across Germany. The investment is the fifth for the Arcus European Infrastructure Fund 3 SCSp (“AEIF3”) and the first in the transportation sector for the fund.
Founded in 2019, EZE develops and operates charging infrastructure at publicly accessible park-and-charge locations and is currently active in seven major metropolitan areas in Germany. EZE currently has charging infrastructure at around 800 parking spaces and will be implementing extensive installation projects over the next 18 months. Further expansion is to be accelerated in the future.
Arcus’ investment will enable EZE to realize its short-term expansion plans and, in collaboration with the company’s founders, achieve its strategic goal of becoming one of the leading providers of charging infrastructure for electric vehicles in the market. As part of the transaction, EZE’s existing shareholders will remain invested in the company, including the DeepTech & Climate Fund (“DTCF”), a German €1 billion VC fund for the early growth of transformative technology companies.
Nancy Valentine-Urbschat, Co-Founder and MD of EZE, added: “The investment and long-term commitment from Arcus gives us the financial backing we need to expand across Germany and beyond, to become one of the leading players in public charging infrastructure.”
Michael Valentine-Urbschat, Co-Founder and MD of EZE, added: “We are glad to see that our commitment from day one to build a sustainable charging business is strongly recognised by Arcus. With the additional equity, we will focus on strengthening those unique business elements to differentiate us even further in the marketplace.”
Tobias Weissgerber, Investment Manager at DTCF, is pleased about the quick follow-up financing round after the DTCF investment in fall 2023 and sees Arcus’ financing as “confirmation of the consistently good performance figures across all charging locations.”
Michael Allen, Partner and Head of Transport at Arcus commented: “We have been exploring the EV charging sector for some time and identified EZE as a highly attractive player given its solid position in the fast growing “park and charge” segment that is critical in supporting the decarbonisation of the transport industry. EZE fits well into our portfolio thanks to its long-term contracts with local municipalities in seven major metropolitan regions and strong track record. The business is already well established with a strong trajectory and we look forward to working with the EZE management team to continue its growth.”
About eze.network
eze.network GmbH (Munich) is a charging infrastructure investor and operator with a focus on public charging with 24/7 accessibility. The fast-growing company was founded in in 2019 and now has offices in Munich, Stuttgart, Frankfurt, Hamburg, Berlin and Cologne. Thanks to an innovative approach along the entire value chain, eze.network has already succeeded in establishing a sustainable business model. eze.network is now in a position to play a key role in shaping the expansion of the charging infrastructure in Germany. The company plans to expand its presence to all major metropolitan regions in Germany in order to make charging as easy and reliable as it should be for an ever-increasing number of e-car drivers i.e. “Charging made EZE”. The Founders Nancy & Michael Valentine-Urbschat want to make their contribution to the sustainable transformation of the mobility sector for future generations. www.eze.network
About Arcus
Arcus Infrastructure Partners is an independent fund manager focused solely on long-term investments in European infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and specialist co-investment vehicles and, through its subsidiaries, currently manages investments with an aggregate enterprise value of c. €23bn (as of 31 March 2024). Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the digital, transport, logistics & industrials, and energy sectors. Further information on Arcus Infrastructure Partners can be found on www.arcusip.com.
About DeepTech & Climate Fonds
The DeepTech & Climate Fonds (DTCF) invests up to € 1bn in the growth of transformative tech companies in the coming years. As an anchor investor and partner of long-term European investors, the DTCF helps to expand the technology ecosystem and to develop new technology-based SMEs. It is financed by the German Future Fund as well as the ERP Special Fund www.dtcf.de.
Press
Press Contact:
eze.network GmbH
Michael Valentine-Urbschat
E-Mail: mvu@eze.network
DeepTech & Climate Fonds
E-Mail: communications@dtcf.de
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