Jolt Energy is bringing ultra-fast charging downtown while providing easy to use and accessible fast-charging services for electric vehicles in major European and North American Cities. The company operates with a mission to quickly develop a network of urban fast-chargers, giving drivers the access and confidence to embrace e-mobility while ensuring transparency in pricing, locations and availability.
Jolt offers a battery-boosted charging solution that uses existing low voltage on site, saving time and investment on new wiring. Jolt is committed to providing accessible and convenient ultra-fast-charging options in urban and suburban environments to remove the barriers to charging and inspire widespread EV adoption. Jolt Energy wants to help to prioritise easy destination charging spots across the world.
Jolt Energy, a Dublin and Munich-based Charge Point Operator (CPO), was established in 2018. by CEO Maurice Neligan. The company now works with the expertise that lies in developing, financing, and operating charging infrastructure at the energy production and distribution interface. Jolts charging infrastructure can charge vehicles up to 200 km in just 10 minutes, thanks to its up to 320 kW output capacity. The company will partner with businesses such as petrol stations to create a bigger network of fast chargers, while also supporting the global energy and mobility transition towards a sustainable all-electric transportation system.
In recent news, Jolt Energy received a €150 million investment from a large financing round with InfraRed Capital Partners (InfraRed), which is a leading international infrastructure investment company. This will support the company in growth and expansion to countries in European and North American cities.
Maurice Neligan, CEO of Jolt comments on the investment, “with InfraRed, Jolt has found a financing partner who supports the establishment of a forward-looking infrastructure and paves the way for the crucial change in e-mobility. Our ultra-fast charging stations equipped with powerful battery storage are the missing link in accelerating the energy and transport transition in cities. Ultra-fast charging systems are the key to unlocking the potential of EVs for city residents.”
Stephane Kofman, Partner and Head of Capital Gain Funds at InfraRed, said, “investing in rapid electric vehicle charging infrastructure aligns with our approach to supporting a low-carbon future. InfraRed has an established pedigree in investing in renewables and batteries. With our investment in Jolt we are focusing on a sector with attractive growth potential. The expansion of ultra-fast charging stations will facilitate the widespread adoption of electric vehicles, and we are proud to partner with Jolt to play our part in the decarbonisation of transportation.”
Sources: Jolt Energy
