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- Electric Vehicle Infrastructure Company
Electric Vehicle Infrastructure Company Valuation, Funding & Investors
Electric Vehicle Infrastructure Company is valued at $1.1B as of October 2023.
Last Electric Vehicle Infrastructure Company valuation
$1.1B
Secondary · Oct 2023
Key investors in Electric Vehicle Infrastructure Company
Electric Vehicle Infrastructure Company Overview
About Electric Vehicle Infrastructure Company
Electric Vehicle Infrastructure is a supplier of AC and DC fast-charging stations for electric vehicles in Saudi Arabia. Headquartered in Riyadh, the company deploys charging networks at highways, malls, and residential areas supporting CHAdeMO, CCS, and Tesla protocols. Launched in 2021, it operates over 200 stations nationwide and collaborates with Aramco and Public Investment Fund initiatives to expand EV adoption in the Kingdom.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Valuation
$1.1B (Oct 2023)
Electric Vehicle Infrastructure Company Valuation
Electric Vehicle Infrastructure Company is currently valued at $1.1B, based on its secondary sale in October 2023.
The $68M round was led by Saudi Energy.
Electric Vehicle Infrastructure Company valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2023 | Secondary | $1.1B |
Electric Vehicle Infrastructure Company Funding History
Electric Vehicle Infrastructure Company has 1 recorded secondary share sale and no primary funding rounds.
Electric Vehicle Infrastructure Company funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Secondary | Saudi Energy (lead) | $68M | $1.1B | Electric Vehicle Infrastructure Company (EVIQ) is a closed joint-stock entity established to facilitate Saudi Arabia's transition to electric vehicles by building a comprehensive national network of fast-charging stations. In October 2023, the Saudi Electricity Company invested SAR 254 million (approximately $68 million USD) to acquire a 25% stake in EVIQ through a joint venture with the Public Investment Fund, implying a total company valuation of approximately SAR 1.016 billion. This investment was funded through SEC's own resources and was announced as part of the company's broader diversification strategy into new business ventures including EV infrastructure, fiber optics, and renewable energy integration. The transaction reflected SEC's strategic commitment to supporting Saudi Vision 2030 objectives and positioning the Kingdom as a regional leader in electric mobility, with the infrastructure network designed to support the anticipated growth of EV adoption and manufacturing capacity in the country. |
Who has invested in Electric Vehicle Infrastructure Company?
1 investor has backed Electric Vehicle Infrastructure Company across its funding rounds, including Saudi Energy.
Lead investors include Saudi Energy.
Electric Vehicle Infrastructure Company Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialElectric Vehicle Infrastructure Company Competitors
Electric Vehicle Infrastructure Company competitors include listed companies like Electreon Wireless and T1 Energy, and private ones like Ample, Electrify America, Zunder and FINN.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $2.5B | - | ||
| Private | - | - | $396M | - | ||
| Publicly listed | $5M | ($33M) | $233M | - | ||
| Private | $320M | - | $1.2B | 3.6x | ||
| Publicly listed | $755M | ($210M) | $1.3B | 2.2x |
Electric Vehicle Infrastructure Company Public Comps
Electric Vehicle Infrastructure Company is still privately-owned, but its public comps include Changgao Electric Group, Indian Energy Exchange, Excelerate Energy, Uniconn, Sinopec Kantons Holdings, Quality Power Electrical, JANAF, Kenya Pipeline Company, T1 Energy and ARKO Petroleum.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $248M | $69M | 3.5x | 3.0x | 12.6x | 7.7x | |||
| $64M | $63M | 14.1x | 13.3x | 14.3x | 15.7x | |||
| $1.2B | $416M | 3.1x | 2.6x | 9.0x | 7.8x | |||
| $768M | $73M | 1.3x | 1.1x | 13.9x | - | |||
| $84M | - | 10.8x | - | - | - | |||
| $98M | $21M | 12.3x | 10.5x | 57.0x | 53.0x | |||
| $137M | $74M | 6.3x | - | 11.6x | - | |||
| $317M | - | 4.1x | - | - | - | |||
This data is available for Pro users. Sign up to see all Electric Vehicle Infrastructure Company competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Electric Vehicle Infrastructure Company
| When was Electric Vehicle Infrastructure Company founded? | Electric Vehicle Infrastructure Company was founded in 2023. |
| Where is Electric Vehicle Infrastructure Company headquartered? | Electric Vehicle Infrastructure Company is headquartered in Jeddah, Saudi Arabia. |
| Is Electric Vehicle Infrastructure Company publicly listed? | No, Electric Vehicle Infrastructure Company is a private, VC-backed company. |
| What is Electric Vehicle Infrastructure Company's valuation? | Electric Vehicle Infrastructure Company was last valued at $1.1B in its secondary sale in October 2023. |
| Who are Electric Vehicle Infrastructure Company's investors? | Electric Vehicle Infrastructure Company's investors include Saudi Energy. |
| Which companies are comparable to Electric Vehicle Infrastructure Company? | Companies comparable to Electric Vehicle Infrastructure Company include Ample, Electrify America, Zunder, Electreon Wireless, FINN and T1 Energy. |
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