The 1st stage of the investment is worth $667 000, and its total amount may reach $1.57 million.
Enelion provides a range of solutions including smart electric vehicle chargers, a system for managing charger networks, tariff plans and payments, and a mobile app enabling EV drivers to remotely control charges, energy consumption, and charging costs.
Arkadiusz Sekściński, VP of the PGNiG Management Board, Development, said:
Demand for CNG and LNG vehicles and gas refuelling infrastructure in transport is growing, as is the number of electric vehicles, which drives the rollout of charging points
We look at this investment as a source of business profits, but at the same time, as the PGNiG Group, we support projects contributing to a low-carbon future
The maximum investment time horizon is 5 years.
Polish Enelion has designed, developed and manufactured electric vehicle charging terminals since 2015.
The company recorded an over 4-fold increase in sales over the last 2 years.
The investment in Enelion is PGNiG Ventures’ 2nd transaction this year.
In March, the fund acquired shares in ICsec, a Poland-based manufacturer of cyber security systems for industry, for $1,05 million.