AMSTERDAM | SAN FRANCISCO | JULY 8th, 2020 – The Global Mobility Team at Drake Star Partners has co-developed a whitepaper with Delta-EE, a leading research and consulting firm in Energy Transition, on M&A and investment activity in EV charging: “EV Charging at the Crossroads: Introducing the fast, the curious and the race for scale”. The report includes the combined views of The Global Mobility Team at Drake Star Partners and Delta-EE on the most recent market and investment developments within the EV Charging domain, including the following topics:
1. Complexity of EV charging ecosystem
2. Finding Value in EV charging
3. Drivers behind sector consolidation
4. Capital formation developments
5. What’s next - Future investments and M&A expectations
As the European EV market continues to accelerate at double-digit growth rates, valuations of EV charging sector companies are soaring. Market consolidation is already underway with oil and gas majors, utilities and more recently institutional funds all executing M&A transactions in the last 1-2 years.
The EV sector has still to reach mass market scale in most European countries. However, the direction of travel has now been set in rapid motion. With a reducing pool of high-quality, independent companies remaining, it will become increasingly important for companies that wish to play a role at the leading edge of the EV charging sector to make their moves.
Companies that move quickly, with a clear strategy focused on reaching scale and technology innovation are most likely to succeed in this increasingly competitive sector. The next 3-5 years are likely to define the winners for the long-term.
The report was co-authored by Frank Verbeek (Managing Partner), Dominique Houde (Partner), and Sherief Rahim (Principal) of Drake Star Partners, and John Murray (Head of EVs) and Alexander Lewis-Jones (EVs & Electricity Research Service Manager) of Delta-EE, and can be downloaded here.
About the Drake Star Global Mobility Team
Drake Star Partners is a global investment banking firm serving the technology, media and communications (TMC) sectors. With offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Amsterdam, and Geneva. We help our clients maximize the value of their businesses. We have an international network of entrepreneurs, fast growing businesses, large corporations, venture capital and private equity firms, family offices and debt providers.
The EV Charging domain is a core focus segment for the Global Mobility Team managed out of Amsterdam, which has led to previous landmark transactions.Within Mobility, we also focus on Shared, Connected and Autonomous. And within the vertical, we strongly believe in the link with Energy Transition and Smart City.
Since 2003, we have worked with myriad important clients and counterparties, such as 3i, Accel Partners, Amdocs, Axel Springer, Balderton Capital, Bertelsmann, Brookfield, Capgemini, CA Technologies, Carlyle Group, Cathay Capital, Cisco, EDF, Europcar, Index Ventures, InfraCapital, Lexis-Nexis, Marlin Equity Partners, Meridiam, Michelin, Nokia, Ola Electric, Oracle, Orange, PSA Peugeot Citroen, ProSiebenSat.1, Q8, Rakuten, Shell, Thomson Reuters, WPP, among many others.
Our team of 95+ senior professionals offer unequalled understanding of the business models and buyer/investor universes within the TMC sectors. This domain expertise, along with the technical know-how of bulge bracket investment banks uniquely positions us to achieve desired results for our clients worldwide.
