2024 integrated report

“According to the European Automobile Manufacturers Association, electric cars accounted for 15.4% of new car registrations on the continent in 2024⁽¹⁾. This figure masks strong disparities, with Norway leading in all categories at 90%. One of the reasons for this lead is its highly advanced power charging network. Less than ten years before the ban on internal combustion vehicles sales, planned for 2035, the electrification of the European market is accelerating. Two reasons support this adoption. One is related to consumption, with decreasing purchase prices and sustained growth in terms of autonomy and charging speed. The second is regulatory, with the tightening of the European CAFE⁽²⁾ standard thresholds from January 2025, forcing manufacturers to sell more electric vehicles.

In order to contribute to the ecological transition and accelerate the adoption of electric models, we need to remove the charging barrier: an insufficient number of charging stations and a charging time that is still too long compared to the time it takes to fill a tank with petrol. These are the two challenges that Electra, positioned at the intersection of technology, infrastructure and mobility, has been tackling since its creation in 2020.

As the French and European leader in fast charging for electric vehicles, we work every day to facilitate the adoption of electric cars. Our company has a network of more than 425 ultra-fast charging stations, i.e. more than 2,500 charging points, spread across nine European countries - France, Belgium, Luxembourg, the Netherlands, Italy, Switzerland, Spain, Austria and Germany - in addition to more than 350 station planned openings in 2025. For each of them, we offer a reinvented user experience. With a full-recharge time of less than 20 minutes, our solution is the fastest on the market. It is also simple and convenient, thanks to a 100% digital process, that allows you to reserve a slot, monitor recharges, and pay via our mobile app. Lastly, we take great care to select the best locations, as close as possible to the needs of both private individuals and professionals, particularly at shopping centres and transport hubs, close to restaurants, supermarkets and hotels. These are all partners to whom our stations provide both land revenue and a lever to attract more visitors.

To expand our network at the desired pace, we have a significant need for capital. To meet the high technical and operational standards we are aiming for, Electraline, our new multi-terminal networked charging station design, will require an average investment of more than half a million euros per site. To finance the rapid and profitable development of our scale-up⁽³⁾, we are relying on our global partnership with BNP Paribas. Their Green Desk, which is dedicated to energy transition players, understands our markets and the constraints we face. It provides us with a range of services ranging from cash management to fund-raising advice, as well as guarantees, which are crucial when bidding for public contracts, for example. With its support and that of the Corporate & Institutional Banking division, as financial advisor, we raised €304 million in equity in January 2024. This was the second largest fund-raising in Europe and the largest in France in the electric charging sector. We are pursuing our growth strategy, with a target of more than 2,200 stations by 2030, i.e. five times our current facilities and nearly 4 million tonnes of CO₂ saved. Development and the environment: a dual motivation at the heart of our strategy!”

INTERVIEW CONDUCTED ON 13 MARCH 2025.