Aix-en-Provence-based Chargepoly secures €23 million to accelerate heavy-duty fleet electrification

Aix-en-Provence-based Chargepoly has secured €23 million in investment to accelerate the electrification of heavy-duty and commercial vehicle fleets. Meridiam, led by Meridiam Green Impact Growth Fund (MGIGF) and Fideve Groupe, the company's long-standing shareholder, spearheaded the funding round. Chargepoly's President and Founder, Hadi Moussavi, expressed enthusiasm about the investment, stating that it will enable the company to expand internationally and continue offering top-tier charging solutions for its customers.

Founded in 2019, Chargepoly is a technology and engineering company specializing in high-capacity battery charging for medium and heavy-duty vehicles. The company's integrated offering combines advanced technology, project delivery, and Charging Point Operator (CPO) capabilities. Chargepoly primarily targets depot-based charging for truck and bus fleet operators, addressing the bottleneck of building charging infrastructure for intense logistics operations.

The company's modular architecture and Lucie software suite aim to lower deployment costs, optimize asset utilization, and reduce operating expenses, enabling transport operators to transition more easily and cost-effectively to decarbonised fleets. Chargepoly's solutions have been deployed in various settings, including carrier depots, logistics warehouses, industrial sites, and public stations.

The company collaborates closely with heavy-duty vehicle OEMs and their distribution networks and operates hundreds of DC fast charging points across France, the UK, and Canada, decarbonising over one million km of freight transport monthly. Meridiam GIGF's Yannick Marion highlighted the company's focus on addressing a critical need for infrastructure and services that enable heavy-duty transport electrification, with its technology, partnerships, and skilled teams becoming increasingly competitive against conventional diesel vehicles.