Changing EV charging trends with Pluq

Founder-owned and led EV charging solutions provider Pluq joins the P Capital Partners investment portfolio, expanding our network in the Netherlands.

Rather than competing in the fierce and capital intensive high-speed en-route charging space, Pluq takes advantage of the longer dwell time of destination-based charging. Aligning with existing grid capacity and connectivity, Pluq turns prolonged parking time into charging opportunities that are cost, time and energy efficient.

Pluq finances 100% of installation costs and takes care of all operational aspects. This lets property owners and organisations unlock new revenue streams and play a bigger part in the transition to a more sustainable society, without distracting their core business.

EV charging is a notable factor in meeting European decarbonisation targets; a 4 to 9-fold increase in the roll-out pace of chargers is needed to support the necessary shift to EV ownership. “The spotlight on high-speed and public charging means the semi-public destination-based corner of the slower charging market is often underserved,” says Lars de Boer, Investment Manager at P Capital Partners. “Our extensive research and network expertise points to the fact Pluq is playing in the right space.”

Our credit facility allows Pluq to expand throughout Benelux and Germany, markets primed for EV charging growth. “Supporting Pluq’s scaling strategy is a strong example of our commitment to accelerating sustainable tech and solutions,” says Ulf Hamberg, our Managing Partner.