Zunder

Type
Sustainable Transportation
Investment Date
2021
Jurisdiction
Spain & France
Status
Under Management

Description

In 2021, after years of diligence on the Electric Vehicle Charging Infrastructure (EVCI) space, White Summit Capital identified Zunder, a vertically integrated operator of ultra-fast electric vehicle chargers in Spain. The company is a first mover in the EVCI space. It uses a proprietary algorithm, which identifies premium locations, and then develops the locations strategically creating barriers to entry. The company also provides a best in class EV charger management platform software.

Since our investment, Zunder has grown to become the leading independent ultra-fast EV charging operator in Spain. In 2023, Zunder began expanding into France, developing its first charging stations and winning tenders to enable a broader roll-out. With funding from WSC and other large investors, Zunder expects to have over 2,000 charge points in operation by the end of 2024, and more than 3,800 by 2025.

Impact

Ultra-fast EV charging infrastructure
Promoting sustainable transport
Enabling zero tailpipe emissions

Sustainable Development Goals