Decade Energy Raises €22M for EV Logistics Depot Electrification

French energy infrastructure innovator, Decade Energy, has successfully closed a €22 million funding round to accelerate the electrification of logistics depots across Europe. This significant capital injection, led by Eiffel Investment Group and SET Ventures, with participation from existing backers Contrarian Ventures and Ananda Impact Ventures, will fuel the company's expansion into Germany, the Nordics, and Poland, alongside bolstering its French operations and product development.

The urgent need for robust charging infrastructure at logistics hubs is a critical bottleneck for the widespread adoption of electric heavy-duty vehicles. Decade Energy addresses this challenge by developing, financing, and operating comprehensive energy solutions for these sites. Their integrated approach tackles issues such as grid capacity limitations, lengthy connection timelines, and the complexities of local energy systems, which currently impede fleet electrification efforts.

The company's comprehensive offering includes new grid connections, battery storage systems, EV charging facilities, solar installations, and sophisticated energy consumption optimization software. This holistic model is designed to provide logistics operators with a seamless pathway to decarbonize their operations. To date, Decade Energy has conducted over 1,500 feasibility studies across Europe and has brought more than 500 MW of project capacity into development, with a pipeline of 50 projects slated for construction this year.

Eiffel Investment Group is contributing €16 million through its Eiffel Transition Infrastructure fund, specifically targeting the development of at least 100 MW of battery storage projects in France. This initiative alone is expected to mobilize approximately €50 million in total financing. "Battery storage is no longer a niche technology; it's becoming essential infrastructure," stated Laurent Coubret, Investment Director at Eiffel. "It offers crucial flexibility for renewable energy integration while enabling the electrification of logistics depots." The remaining funds will advance Decade Energy's product roadmap, including the development of energy optimization software and new charging and photovoltaic solutions tailored for trucks.

Casper Norden, CEO of Decade Energy, emphasized the strategic importance of this funding: "This investment allows us to evolve from a pure execution model to a comprehensive platform for depot electrification. We are building software, energy products, and teams to serve logistics sites holistically and extend our proven model into new European markets." COO Alexandre Cleret added that the round validates their strategy and team, highlighting their focus on meeting the practical energy needs of depots.

The expansion into new European markets comes at a time when governmental support for fleet and infrastructure transformation is increasing, particularly in France. Decade Energy's success underscores the growing market demand for integrated energy solutions that facilitate the transition to sustainable logistics, a sector projected for significant growth in renewable energy integration and electric vehicle adoption.