Chargepoly, an Aix-en-Provence-based company specialising in the electrification of heavy-duty and commercial vehicle fleets, has secured a €23 million investment.
The investment was led by Meridiam, through its Meridiam Green Impact Growth Fund (MGIGF), alongside Fideve Groupe, the company’s long-standing shareholder.
Hadi Moussavi, President and Founder of Chargepoly, said, “This investment will allow us to accelerate our international expansion and continue to offer our customers best-in-class charging solutions to electrify their fleets. We are delighted to partner with Meridiam as we enter this new stage of growth. We are extremely proud to have demonstrated to our new investors and shareholders our ability and expertise to carry out this mission successfully.”
Founded in 2019 by Moussavi, Chargepoly is a technology and engineering company specialising in high-capacity battery charging for medium and heavy-duty vehicles. The company states that it designs, deploys and operates high-performance DC charging infrastructure for heavy-duty fleets.
The French company has developed an integrated offering combining advanced technology, project delivery and Charging Point Operator (CPO) capabilities. It primarily targets depot-based charging for truck and bus fleet operators.
According to the company, heavy-duty transport electrification is accelerating, driven by regulatory pressure and growing OEMs’ investments improving the economic competitiveness of electric trucks. It notes that building charging infrastructure catering to intense logistics operations remains a major bottleneck, and that standard charging solutions are rarely adapted to the tight space constraints, high power requirements, and strict operational schedules of logistics hubs and transport depots.
Chargepoly combines a modular architecture that shares and allocates power across multiple charging points with its software suite, Lucie, which helps it to maximise charging infrastructure efficiency.
The company claims that the solution lowers deployment costs, optimises asset utilisation and sustainably reduces operating expenses. By optimising the Total Cost of Ownership (TCO) and removing the technical barriers for the electrification of heavy-duty fleets, Chargepoly highlights that it enables transport operators to transition more easily and cost-effectively to decarbonised fleets.
Its solutions have now been deployed in carrier depots, logistics warehouses, industrial sites, multi-modal and port terminals, public stations, as well as bus and coach depots. It has completed advanced interoperability testing across more than 50 distinct heavy-duty vehicle models.
Chargepoly reported that it has successfully delivered its fully integrated solutions for transport operators such as Groupe Rave (France) or Nationex (Canada), as well as blue-chip accounts such as CMA-CGM. The company collaborates closely with leading heavy-duty vehicle OEMs and their distribution networks, such as Renault Trucks, Volvo Trucks or Daimler Truck.
It further notes that it operates hundreds of DC fast charging points across France, the UK and Canada, and is already decarbonising more than one million km of freight transport every month.
Yannick Marion, Meridiam GIGF, stated, “The company is addressing a critical need for infrastructure and services that enable the electrification of heavy-duty transport, combining differentiated technology, strong industrial partnerships and highly skilled teams at a time when the total cost of ownership of electric trucks is becoming increasingly competitive with conventional diesel vehicles. We look forward to working alongside Chargepoly and leveraging our expertise to help accelerate the development of this fast-growing market.”
The company plans to use this capital to accelerate its next stage of growth, expand internationally and further scale its integrated technology platform.