Carlsquare advised Qovoltis, an electric vehicle charging solution on its growth equity round with Andera Smart Infra 1, an impact infrastructure fund focused on energy transition
This transaction represents another example of the Carlsquare teams’ credentials in the autotech sector across Europe.
Carlsquare advised Qovoltis, a designer, manufacturer and operator of charging solutions for electric vehicles in its 10M€+ growth equity round led by the impact infrastructure fund Andera Smart Infra 1, together with Pâris Mouratoglu, a leading French investor and entrepreneur, and several private family offices. The funds will be used to support the strong growth of Qovoltis, which aims to increase the number of electric charging stations installed from 900 to 10,000 by 2024.
Created in 2019 in France by Ehsan Emami and its three partners Anne Bergé, Olivier Parret and Fréderic Sallé, Qovoltis has designed a smart charging station, coupled with software with a mobile interface, to ensure remote optimization of electric charging. Present across the entire value chain, Qovoltis offers are aimed at companies, individuals and condominiums – especially through the partnerships sealed at the end of 2021 with Louvre Hotels Group with more than 1,600 hotels worldwide, and in the first half of 2022 with ISTA (Germany), leader in the metering and individualization of water and energy consumption in collective housing, present in more than 50,000 buildings in France.
Ehsan Emami, Founding President of Qovoltis stated: “We have been very pleased with the financial advisory services provided by Carlsquare during the fundraising process, especially in terms of valuation and negotiation advice. In addition to the financing, Qovoltis has secured binding commitments from its shareholders to continue supporting its growth. Qovoltis is thus poised to benefit from French and European public policies, which are particularly supportive of electric vehicles.”