Paris-based logistics electrification company Decade Energy announced that it has raised €22 million (USD$26 million), with proceeds from the financing aimed at scaling its electric truck infrastructure platform and expanding into new international markets.
Founded in 2019, Decade Energy develops battery storage, EV charging infrastructure, and energy optimization software to support the electrification of logistics fleets through an integrated, asset-backed energy-as-a-service model.
The company said that as truck electrification accelerates, access to power has emerged as a key bottleneck, rather than vehicle availability, with grid limitations, long connection timelines, and complex on-site energy requirements slowing deployment across logistics hubs.
Decade Energy said that it addresses these challenges by designing, financing, and operating integrated energy systems at depot sites, including grid connections, battery energy storage systems (BESS), EV charging infrastructure, solar generation, and software to optimize energy usage. The company highlighted its zero capex approach, which it said helps logistics property owners secure power capacity, while creating predictable rental income and adding additional value from BESS participation in energy markets.
Alexandre Cleret, COO & Co-Founder of Decade Energy said:
“We have built a model around the real needs of depots: access to power, infrastructure, and a practical path to electrification. Now we can scale construction and support more customers as they prepare their sites for electric fleets.”
The company reported that it has conducted more than 1,500 depot electrification feasibility studies across Europe, advanced over 100 projects representing more than 500 MW of capacity currently under development, and built a pipeline of 50 projects expected to begin construction in 2026.
The financing round was led by Eiffel Investment Group and SET Ventures, with participation from existing investors Ananda Impact Ventures and Contrarian Ventures.
With the new funding, the company said that it aims to expand into Germany, the Nordics, Poland and other European countries, adapting its model to local market dynamics and customer needs.
Decade Energy said that a €16 million commitment from Eiffel Investment Group, through its Eiffel Transition Infrastructure fund, will support the deployment of a portfolio of at least 100 MW of BESS projects across France, with total capital expenditure estimated at approximately €50 million.
The remaining funds, led by SET Ventures alongside existing investors, will be used to advance the company’s product roadmap, including its energy optimization software, new truck charging and solar PV solutions, and expansion into additional markets.
Laurent Coubret, Investment Director at Eiffel Investment Group said:
“BESS is no longer a niche technology. It is becoming core infrastructure, combining a necessary flexibility tool for increased renewable penetration with the ability to electrify logistics depots. Decade Energy’s proven infrastructure deployment, coupled with Eiffel Investment Group’s strong market expertise, will turn fragmented site-level demand into a scalable model while generating long-term value for customers and the power system alike.”
