B-to-B EV charging station management company SWISH announced the completion of a €47 million equity and quasi-equity financing round.

Financing was provided by INFRAGREEN V, a fund managed by sustainable infrastructure investor RGREEN INVEST..

Founded in 2020, France-based SWISH provides design, construction, management and maintenance services for third party customers who become the owners of the charging stations. SWISH’s “No CAPEX” offer also includes the financing of the Electric Vehicle Charging Installation, providing a turnkey approach enabling customers to offer charging points to their employees, partners and fleets of electric vehicles, without having to finance the construction.

The investment will enable SWISH to accelerate its development and finance the construction of future projects. The company already has a solid pipeline of projects in France, with the prospect of expanding abroad, particularly in Italy and Spain. By 2030, SWISH aims to deploy over 80,000 charging points. SWISH anticipates growing to 30 EVCI specialists by the end of 2023, and around 40 by the end of 2024. These will manage the group’s 80 installers.

Giulio Di Gennaro, Chairman and Founder of SWISH said:

“We are delighted to join forces with a renowned financial partner such as RGREEN INVEST, which will enable us to strengthen our “No CAPEX” offer and finance charging infrastructure for the benefit of our customers. RGREEN INVEST is a committed player and its values perfectly reflect our mission: to enable our customers to decarbonise their mobility and have a strong, tangible impact on their energy transition and adaptation to climate change.”

Guillaume Ktorza, Investment Director at RGREEN INVEST, added:

“SWISH’s target market is huge, and the company has a number of major assets that will enable it to grow smoothly, along with a competent management team and a strategy that make us confident. We are delighted to be joining forces with this team, with whom we have developed a strong relationship over the last few months, and in whom we have complete faith in driving the company’s growth.”