MobilityPlus, a leading Belgian-based solution provider in the European EV charging market, has raised €40 million from Suma Capital through its Climate Impact Fund III, an Article 9 fund dedicated to energy transition investments in Europe. Previous investors, such as Concentra, have also strengthened their participation in MobilityPlus, underlining their confidence in the company’s strategy and growth vision. This capital injection will accelerate MobilityPlus’s growth in Belgium and France with an end-to-end charging solution for corporate fleets and real estate clients, and support businesses in their transition to e-mobility while ensuring compliance with decarbonization targets and providing the best charging experience and significant cost savings.

A fully serviced charging offer and an unmatched user experience

Founded in 2016 and headquartered in Belgium with a subsidiary in France, MobilityPlus provides B2B charging solutions and innovative services across the entire EV charging value chain for corporate fleets and real estate clients. Its all-in-one app delivers a seamless experience for EV drivers, while the comprehensive platform and reporting tools offer businesses deep insights into charging data and energy consumption and management. With over 15,000 charging points installed in Belgium and France, an access through roaming to 550,000 charging stations across Europe, and a 24/7 helpdesk for remote and onsite support, MobilityPlus ensures a smooth transition to electric mobility. In addition, the company has launched an innovative Charging-as-a-Service model, in which it assumes investments in charging infrastructures with no upfront costs for clients, offering businesses a flexible and efficient end-to-end service for employees and customers. This model implies a strong investment in Capex, for which the alliance with an infrastructure fund such as Suma’s Climate Impact Fund III has been considered strategic.

Suma Capital as a strategic partner

Suma investment through Climate Impact Fund III will support the company in significantly growing the portfolio of charging points in the fast-growing B2B and EV fleets segment.

“The company has an impressive track record with innovative charging solutions, sustainable growth and a solid customer base. We are excited to support their further expansion to decarbonize transports and mobility. Our investment will consolidate the company’s corporate development as well as finance Charging-as-a-Service projects for customers. Our goal is to promote economic growth with a positive impact on both the environment and society, and MobilityPlus aligns perfectly with that vision,” said Ruperto Unzué and Jérôme Petitjean, partners at Suma Capital.

Accelerating innovation and growth

“This capital injection is essential to further expanding our technological lead and elevating our smart charging solutions,” says Jean-Francois Cheyns, founder and Co-CEO of MobilityPlus. “We continue to focus on enhancing the user experience through the development of innovative technologies and advanced energy management systems. This allows companies to reduce their charging costs while meeting increasingly strict regulations, strengthening our position in the B2B market and amplifying our impact on sustainable mobility.”

From product to MobilityPlus eXperience

“In a rapidly evolving market, standing still is not an option – and organic growth alone won’t be enough,” says Kris Pensaert, Co-CEO of MobilityPlus. “Our clients want to focus on their core business activities and trust MobilityPlus to provide a seamless, worry-free charging experience. They seek more than just charging solutions; they need a partner that offers comprehensive support, from engineering, infrastructure, real-time data insights to intelligent energy management. That’s why we have transformed our offering into the all-in-one MobilityPlus eXperience. This platform includes the EV Driver and EV Charging experiences, offering intelligent control of the charging process, cost savings, and complete peace of mind. With Suma Capital as our strategic partner, we are ready to accelerate this transformation, allowing our customers to concentrate on what they do best while we handle the rest.”

Future plans and expansion in France

With Suma Capital’s investment, MobilityPlus is ready to set new standards in the EV charging sector. Alongside its growth in Belgium, the company aims to accelerate its activities in France, particularly focusing on the B2B market and real estate clients, to deliver seamless, efficient, and fully integrated charging solutions.

For this transaction, MobilityPlus was advised by IMPROVED (M&A), Janson (Legal).

Suma Capital was advised by AFRY (Technical & ESG), PwC (Financial & Tax), Herbert Smith Freehills and Liedekerke (Legal).