Cap’bornes and TimeToAct Capital Commit to Accelerating the Deployment of Charging Solutions for Electric Vehicles
Cap’bornes, French pioneer in charging solutions for electric vehicles, today announced an important milestone with the closing of its first fundraising round. The operation was led by TimeToAct Capital, an investment group recognized for its high climate impact strategies. The round table also saw the participation of several individual investors from the energy sector.
Founded in June 2022 and from the Sciences Po Paris incubator, Cap’bornes is the result of the association of four sector experts: Christophe Droguère, Marc-Antoine Leprince, Pascal Delgrange, and Stéphane Haendler. Their combined expertise broadly covers the needs of the charging infrastructure market, targeting both businesses and individuals in co-ownerships.
Ambitious Goals and Need for Change
With the ambition to deploy 30,000 charging stations by 2028, Cap’bornes seeks to fill the infrastructure gap in collective buildings in France, where only 6,000 buildings are currently equipped for electric charging. Lack of accessibility is a major obstacle for the 56% of condominium residents who own an electric vehicle but do not have home charging solutions.
This initiative could help reduce up to 70,000 tonnes of CO2 by 2028, in line with the European Union’s objectives of carbon neutrality by 2050 and the planned end of the sale of combustion engine vehicles. in 2035.
A Strategic Collaboration for Green Mobility
TimeToAct Capital’s investment, which comes after the recent integration of Emilie Finiels and Alexis Figeac to lead its Venture ClimateTech team, underlines the confidence in Cap’bornes’ mission and strategy. Emilie Finiels will also join the Board of Directors of Cap’bornes, thus strengthening the synergy between the two entities.
The funds obtained during this fundraising will be allocated to the acceleration of Cap’bornes’ business plan in the Ile-de-France region and its expansion nationally.
Statements from Key Actors
Christophe Droguère, President of Cap’bornes, expresses his enthusiasm: “Recent legislative developments support our rapid growth projections. We are convinced that our innovative solution will significantly accelerate the transition to sustainable mobility. With TimeToAct Capital, whose expertise in impact investing and renewable energies is proven, we have found the ideal partner to support us. »
Emilie Finiels, Partner at TimeToAct Capital, says: “With the objective of installing 6 million private charging points in the next five years in France, our commitment alongside Cap’bornes is crucial. Their expertise convinced us of their potential to meet the challenges of electric mobility. »
