Paris, Île-de-France, France - DRIVECO, a leading expert in electric power transmission, control, and distribution, announced today the successful completion of its latest funding round, raising an impressive $272,236,250. The funding round was led by Mirova, a sustainable investment firm, and APG Asset Management, one of the world's largest pension asset managers.

DRIVECO has emerged as a pioneer in the electric charging industry since its establishment in 2010. With a mission to revolutionize the way people charge their electric vehicles, DRIVECO has positioned itself as one of the few companies capable of controlling the entire charging station value chain. Currently, DRIVECO operates a network of over 5,000 charging points across France and abroad.

The recent funding will enable DRIVECO to propel its ambitious expansion plans. By 2030, the company aims to install and operate more than 60,000 charging points throughout Europe, solidifying its position as a key player in the energy transition. As part of its growth strategy, DRIVECO offers turnkey installation of charging stations in supermarket parking lots, commercial properties, and businesses, providing rent to the parking owners.

Ion Leahu-Aluas, Founder of DRIVECO, expressed his gratitude to the investors and stakeholders for their support. "This funding marks a significant milestone for DRIVECO as we embark on the next phase of our journey," said Leahu-Aluas. "With the backing of Mirova and APG Asset Management, we are well-positioned to accelerate the expansion of our charging network and drive the adoption of electric vehicles across Europe."