🏆 Deal of the Week · CW 18/2023
JOLT Energy GmbH raised EUR 150 million in a Funding Round in 2023; the post-money valuation was not disclosed. The round was led by InfraRed Capital Partners. The capital is earmarked for the construction of JOLT's urban ultra-fast EV charging network across European cities.
JOLT — key deal facts
| Company | JOLT |
| Founded | 2018 |
| Headquarters | Munich, Germany |
| Amount raised | EUR 150M |
| Valuation | Valuation Remains Undisclosed |
| Round | Funding Round |
| Investors | InfraRed Capital Partners (https://www.ircp.com/) |
| Sectors | Electronics |
Who invested in JOLT?
InfraRed Capital Partners, a London-based infrastructure-focused investment manager, was the sole disclosed investor in this round. The participation of a dedicated infrastructure fund is notable, as it signals that JOLT's charging-network assets are being underwritten as long-duration infrastructure rather than early-stage venture. No additional co-investors were disclosed at the time of announcement.
What does JOLT do?
JOLT Energy GmbH, founded in 2018 and headquartered in Munich, Germany, develops and operates urban ultra-fast electric-vehicle charging stations. The company's chargers are designed for on-street deployment in dense city environments, targeting short dwell-time charging sessions of roughly ten to fifteen minutes. JOLT's business model is built around high-utilisation public charging infrastructure, with a presence in several European markets. The EUR 150 million raise is intended to accelerate the rollout of new charging points across its target cities.
JOLT valuation & multiples
No verified revenue or EBITDA figures for JOLT Energy GmbH are publicly available, so deal-specific EV/Sales or EV/EBITDA multiples cannot be calculated for this transaction. Comparable publicly traded EV-charging infrastructure and electronics-sector companies currently trade across a wide range of revenue and EBITDA multiples depending on utilisation rates and network maturity. For current sector benchmark ranges, visit the Venionaire DealMatrix Electronics and Infrastructure sector multiples pages.
Frequently asked questions
How much did JOLT raise in its Funding Round?
JOLT Energy GmbH raised EUR 150 million in a Funding Round in 2023.
What is JOLT's valuation?
JOLT's valuation was not disclosed in connection with this Funding Round.
Who invested in JOLT?
InfraRed Capital Partners was the sole disclosed investor in JOLT's EUR 150 million Funding Round.
When was JOLT founded and where is it based?
JOLT Energy GmbH was founded in 2018 and is headquartered in Munich, Germany.
Source: original announcement — read the full report.