Jolt, Tesi et. al in €30m round for Virta
Finland-based Virta, a developer of electric vehicle (EV) charging platforms, has raised €30m in a funding round led by Jolt Capital, a growth equity firm focused on scaling European tech companies.
Jolt invested alongside Tesi, Finnish Industry Investment and Vertex Growth. All existing shareholders also participated in the round.
With the funding, the company will seek to expand into Asia, which it said was one of the largest markets for EV charging alongside Europe and North America. It said in a statement that it was working with Vertex Growth to build a network of partners to operate EV charging in Asia.
The company added that it's platform was used in 30 countries by nearly a thousand B2B-customers.
Company
Founded in 2013 and based in Helsinki, Virta is an EV charging service for businesses. Its platform helps companies launch, scale and operate commercial EV charging services.
The company has additional offices in Berlin, Stockholm, Paris and London. It employs around 120 staff.
People
Virta – Jussi Palola (CEO).
Jolt Capital – Samama (partner).
Vertex Growth – Tam Hock Chuan (managing director).
Tesi – Heli Kerminen (director of sustainable investments).
More on Early-stage
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars
World Fund leads EUR 128m raise for quantum computing group IQM
Series-A2 for Finnish startup focused on combating the climate crisis also backed by the EIB
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
French mega-rounds shoot up in 2021
France has already seen as many rounds of EUR 100m and above than in 2019 and 2020 combined, Unquote Data shows
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater