Verdane to Invest in Managed Services Provider EVA Global to Support the Global Shift to Electric Vehicles
Verdane, the European specialist growth equity investor, and EVA Global, a leader in end-to-end managed services for EV charging, have announced a significant minority investment in EVA Global, to support the Company’s global growth agenda.
To serve clients in a global market, EVA Global will tap into Verdane’s significant previous software experience and mobility space investments including EasyPark and Movimento to support EVA’s geographical service and product expansion, to build out the organization, and strengthen in-house tech development. The investment was made by one of Europe’s largest growth impact funds, Verdane’s EUR300m Idun I, which held its final close in December 2021.
“At EVA Global, our mission is to accelerate the transition to cleaner energy globally, and we want to be our clients’ trusted partner for charging infrastructure management and driver engagement,” said Niina Suuriniemi Hopper, CEO of EVA Global, “With Verdane, we share common values in a vision of sustainability. Together, we have more resources to grow globally, and we look forward to building our platform and serving our customers even more broadly.”
Since launching in Finland in 2017 EVA Global has expanded its business to 32 countries across Europe, Asia, and the United States, with more than 300,000 charging points that serve over 1,750,000 EV drivers annually. The Company, whose clients include Digital Charging Solutions, Greenflux, Ionity, Renault and Zap-Map, provides differentiating end-to-end solutions to the emobility industry – from customer experience, infrastructure monitoring and Service & Maintenance services to a purpose-built customer relationship management and case handling tool, and field service management. Based out of offices in Finland, the Netherlands, Spain, and Germany, EVA Global’s fast-growing team of more than 150 employees provide hotline services in over 27 languages and handle more than 100,000 customer service cases monthly. During 2021, EVA Global grew their recurring revenue by over 600%.
Donald Hopper, co-founder of EVA Global, said: “We are the first mover in a rapidly growing industry and the market is developing fast. We set out to be our clients’ voice and a trusted partner in a changing landscape and today we serve some of the largest and most forward-looking companies in the world. Ultimately, our network approach to platform, service and infrastructure monitoring enables us to maximise the availability, reliability and accessibility of charging infrastructure across more than 32 countries. We are the leader in Europe and this year we will expand our business to Asia and the United States.”
Reed Snyder, investment director at Verdane, said: “Niina and Donald and the team at EVA Global have already placed the Company on a promising growth track in a booming segment, and we are excited to become their partner. Through ingenious technology development and a relentless commitment to the customer and driver experience, the company has become a leading managed services provider in e-mobility. We look forward to helping them accelerate the global transition to a transportation sector powered by clean energy.”
Verdane Idun I is classified as “Article 9” under the European Union’s Finance Disclosure Regulation and invests in sustainable tech-enabled companies that contribute to UN Sustainable Development Goals, including businesses that focus on the energy transition, sustainable consumption and resilient communities. Previous Idun investments include Auntie, a digital provider of workplace wellbeing services, and Spond, a digital enabler of grassroot sports and physical health.
The parties have agreed not to disclose the terms of the investment.
About EVA Global
EVA Global is the leading managed services provider in emobility. We offer an integrated and innovative technology platform which can connect to 17 different Charge Point Management Systems and allows us to operate charging infrastructure, troubleshoot virtually any type and make of charging equipment, provide superior customer experience and manage the service and maintenance of your install base. EVA Global has its HQ in Finland and operations in Spain, Germany, and the Netherlands. Our clients include a wide range of companies located across Europe, Asia and the United States. EVA currently solves more than 100,000 EV driver cases a month, and our team of multilingual EV Specialists are available 24/7, 365 days a year. Our mission is to create trust between developing technology in eMobility and its adopters by providing superior customer experience and accelerate the transition to cleaner energy. More info: www.evaglobal.com
Verdane is a specialist growth equity investment firm that partners with tech-enabled and sustainable European businesses to help elevate companies to the next stage of international growth. Verdane invests as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy behind three core themes; the Digital Consumer, Software Everywhere and Sustainable Society. Verdane funds hold more than €3.6bn in total commitments and have made over 135 investments in fast-growing businesses since 2003. Verdane’s team of 100 investment professionals and operating experts, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner for tech-enabled and sustainable businesses in Europe. More info: www.verdane.com