EVA Global bolsters the global shift to electric vehicles

Since 2017, EVA Global has been playing a pivotal role in shaping the future of electromobility. Their original product was charging infrastructure management and technical support for electric vehicle charging point users by phone, chat, social media, or map services. The company has since expanded into operations, maintenance and repair of charging points and software solutions enabling a whole portfolio of solutions, that encompass the whole value chain.

As Niina Suuriniemi Hopper became interested in electric vehicles, she found charging them more difficult than it should be. When relying on the public charging network, she had to find the right charging infrastructure map, plan her route accordingly, and figure out available payment methods.

โ€œWith electric vehicle charging points, everyone is a first timer at some point. Introduction to a new technology should be made easy. Our team is passionate about providing a superior customer experience to electric vehicle drivers, and by doing so, accelerating the transition to cleaner energyโ€, says Niina Suuriniemi Hopper, co-CEO and Founder of EVA Global.

The value chain of electric vehicle charging includes, among others, energy companies, charging network owners, and software companies. Several operators in the industry have outsourced the operations, maintenance and technical support of their charging network to EVA Global as no other company is doing the same yet.

First mover in a rapidly growing industry

Verdane invested in EVA Global through Verdane Idun I, which closed at EUR 300 million in December 2021. Verdane Idun is classified as โ€œArticle 9โ€ under the European Unionโ€™s Finance Disclosure Regulation and invests in sustainable tech-enabled companies that contribute to the UN Sustainable Development Goals, and focus on energy transition, sustainable consumption, and resilient communities.

โ€œWe share common values of sustainability with EVA Global and believe their business has a powerful impact on the energy transition. Everywhere eMobility is in the early stage, EVA Global can accelerate zero emission mobility with their service. We are looking forward to expanding EVA Globalโ€™s product offering and developing its platform on an international scaleโ€, says Janne Holmia, partner at Verdane.

International and inclusive e-mobility champions

EVA Global has six offices and operates in over 30 countries in 27 languages. Recently, the company has expanded to Singapore, New Zealand and Australia. The next step is to enter the North American market and launching an office in Texas by the end of 2022 and keeping the momentum by growing by over 300% for the fourth consecutive year.

โ€œI learn something new from our team every day. We have done a tremendous job in managing the charging infrastructure remotely covering a network over 300.000 chargers globally. With over 30 nationalities represented at EVA Global, we believe diversity and inclusion are fundamental in driving innovation forward. We also have the Elevate team, specialist in-house operational experts available exclusively to Verdane portfolio companies, to support us, from training seminars to operational tasksโ€, Suuriniemi Hopper concludes.

EVA Global Fast facts

Field: Managed services provider for eMobility

Turnover: >โ‚ฌ7m (run-rate)

Established in 2017

Personnel: Over 300

Offices in Finland, Spain, Germany, Netherlands, Portugal and Malaysia, operations in over 30 countries

Verdaneโ€™s year of investment: 2021


About Verdane

Verdane is a specialist growth equity investment firm that partners with tech-enabled and sustainable European businesses to help them reach the next stage of international growth. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies. Verdane funds hold over โ‚ฌ4.5 billion in total commitments and have made over 140 investments in fast-growing businesses since 2003. Verdaneโ€™s team of over 130 investment professionals and operating experts, based out of Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe. 

More info:โ€ฏwww.verdane.com
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