In the Nordic region, Recharge is recognized for operating the largest rapid electric vehicle (EV) charging network. To further expand its network, Recharge has secured EUR 180 million in multi-currency facilities. KfW IPEX-Bank has contributed EUR 45 million to this financing, alongside three other project finance banks, continuing its partnership with Infracapital, the owner of Recharge.
Recharge plays a significant role in promoting a sustainable electric future. This financing will help the company enhance its infrastructure and energy solutions, meeting the growing demand for electric vehicles and aiding in the decarbonization of transportation across Nordic countries. The company maintains long-term partnerships with major firms such as IKEA, ESSO, and McDonald's. Their new chargers feature ultra-rapid technology capable of charging an electric vehicle from 20% to 80% in just 20 minutes.
“With this financing for our new customer Recharge, we build out our electric vehicle charging infrastructure portfolio und underline our leading position in this growing segment,” says Andreas Ufer, Member of the Management Board of KfW IPEX-Bank. “This is perfectly in line with our mission to support the transformation in the mobility sector.”
Recharge is a prominent energy company offering smart energy solutions through one of the world's largest networks of fast-charging stations. Since its establishment in 2011, Recharge operates over 4,500 charge points at 800 locations throughout Nordic countries, primarily in Norway—a global leader in electric vehicle adoption. Each month sees approximately 300,000 charging sessions at Recharge stations. As a pioneer in green energy, Recharge is dedicated to advancing EV charging infrastructure and providing intelligent energy solutions that contribute to a sustainable future. The company is owned by British infrastructure investor Infracapital.