Zunder Valuation, Funding & Investors
Zunder is valued at $396M as of October 2022.
Last Zunder valuation
$396M
Undisclosed stage · Oct 2022
Last Zunder funding round
$99M
Undisclosed stage · Oct 2022
Cumulative funding Zunder raised
$129M
across 3 funding rounds
Key investors in Zunder
Fellow Funders
Mirova
White Summit Capital
About Zunder
Zunder is a Spanish electric-vehicle charging network operator that develops and runs high-power charging stations across southern Europe. Drivers use its mobile application or roaming partners to locate chargers, start sessions and pay for electricity. The network serves long-distance travel corridors as well as destination sites and is designed around rapid charging and reliable station availability. Zunder works with landowners and infrastructure partners to secure sites, build grid connections and operate the charging equipment. The company was founded in Palencia in 2017 under the EasyCharger name and later adopted the Zunder brand. By 2024 it operated in Spain, France and Portugal, with more than 150 stations and over 800 charging points. Revenue comes from electricity sold through the network and associated charging services.
Founded
2017
HQ
PalenciaWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Valuation
$396M (Oct 2022)
Zunder Valuation
Zunder is currently valued at $396M, based on its undisclosed-stage round in October 2022.
The $99M round was led by Mirova, with participation from White Summit Capital.
Zunder's valuation has grown 119x from $3M at its seed round in April 2019 to $396M in October 2022, across 2 priced rounds.
Zunder valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2022 | Undisclosed stage | $396M |
| Apr 2019 | Seed | $3M |
Zunder Funding History
Zunder has raised a total of $129M across 3 funding rounds.
Zunder's first fundraising round was a $686K seed round in April 2019. The most recent completed round was a $99M undisclosed-stage round in October 2022.
Zunder funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2022 | Undisclosed stage | Mirova (lead); White Summit Capital | $99M | $396M | Zunder is a Spanish electric vehicle (EV) charging operator founded in 2017, specializing in ultra-fast charging stations across Southern Europe, particularly the Iberian Peninsula. The company operates over 150 charging stations as of the funding announcement and aims to expand to over 4,000 owned stations and manage more than 40,000 through its platform by 2025, supported by a capex plan exceeding €300 million. Zunder positions itself as the leading independent EV charging operator in the region, with ambitions for a multi-billion deployment plan over the next decade, and recently won its first public tender in France to expand internationally. In October 2022, Zunder raised €100 million (approximately $97-98.9 million) in equity funding from Mirova, a sustainable investment manager affiliated with Natixis Investment Managers, through its Mirova Energy Transition 5 fund, which had recently closed at €1.6 billion. Mirova took a minority stake, while existing investor White Summit Capital (WSC), a Switzerland-based sustainable energy infrastructure firm with over €1.5 billion in assets under management, and co-investors retained majority ownership. WSC had backed Zunder earlier to decarbonize private transport, praising its differentiated business model. The funding is designated to accelerate Zunder's rollout of ultra-fast EV charging infrastructure amid growing EV adoption in Spain, where over 300,000 EVs were on the road with projections to reach 5 million by 2030, and 70% of households lack private parking. Mirova highlighted Zunder's premium service and positioning in the critical decarbonization of mobility. Legal advice for Mirova's investment was provided by Cuatrecasas. |
| Jul 2021 | Undisclosed stage | - | $30M | - | - |
| Apr 2019 | Seed | Fellow Funders | $686K | $3M | EasyCharger, now called Zunder, launched an equity crowdfunding campaign on Fellow Funders on 20 April 2019. The completed campaign recorded EUR 613,532.15 invested at a EUR 2.97 million pre-money valuation, with 14.41% equity indicated for the financing. The financing supported an early stage of the charging-network expansion before the company attracted larger infrastructure investors in later rounds. The company builds and operates high-power charging stations for electric vehicles. Its network is designed to support long-distance travel, while its application and roaming connections let drivers locate chargers, start sessions and pay for electricity. Zunder works with site owners and infrastructure partners to secure locations, connect them to the grid and operate the charging equipment. It earns revenue from electricity sold through its network and from related charging services. Founded in Palencia in 2017, the business later adopted the Zunder brand and expanded its station footprint beyond Spain into France and Portugal. |
Who has invested in Zunder?
3 investors have backed Zunder across its funding rounds, including Fellow Funders, Mirova and White Summit Capital.
Lead investors include Mirova.
Zunder Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Madrid | 1 | Participant | Apr 2019 | |
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Start Free TrialZunder Competitors
Zunder competitors include listed companies like Electreon Wireless and RattanIndia Enterprises, and private ones like Connected Kerb, Teld New Energy, Ample and Monta.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 London | Private | - | - | $261M | |
 Qingdao | Private | $241M | - | $193M | |
 Israel | Publicly listed | $5M | ($32M) | $186M | |
 San Francisco, CA | Private | - | - | $1B | |
 Copenhagen | Private | - | - | $155M | |
 India | Publicly listed | $780M | ($10M) | $355M |
Zunder Public Comps
Zunder is still privately-owned, but its public comps include General Fusion, Summit Midstream, PTC India, RattanIndia Enterprises, YEO Teknoloji Enerji ve Endüstri, Kistos Holdings, Solid Power, KNOT Offshore Partners, Einride and Kempower.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($25M) | - | - | (18.4x) | - | |||
| $562M | $207M | 3.6x | 3.2x | 9.8x | 8.1x | |||
| $1.8B | $98M | 0.1x | 0.1x | 2.5x | 5.1x | |||
| $780M | ($10M) | 0.6x | - | (46.7x) | - | |||
| $335M | $51M | 1.5x | - | 9.7x | - | |||
| $216M | $99M | 3.8x | 1.8x | 8.3x | 2.6x | |||
| $18M | ($87M) | 11.9x | 28.4x | (2.4x) | (2.6x) | |||
| $364M | $193M | 3.4x | 3.2x | 6.4x | 5.5x | |||
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Common questions about Zunder
| When was Zunder founded? | Zunder was founded in 2017. |
| Where is Zunder headquartered? | Zunder is headquartered in Palencia, Spain. |
| Is Zunder publicly listed? | No, Zunder is a private, VC-backed company. |
| What is Zunder's valuation? | Zunder was last valued at $396M in its undisclosed-stage round in October 2022. |
| How much funding has Zunder raised? | Zunder has raised $129M across 3 funding rounds. |
| What was Zunder's last funding round? | Zunder's last funding round was a $99M undisclosed-stage round in October 2022, led by Mirova. |
| Who are Zunder's investors? | Zunder's investors include Fellow Funders, White Summit Capital and Mirova. |
| Which companies are comparable to Zunder? | Companies comparable to Zunder include Connected Kerb, Teld New Energy, Electreon Wireless, Ample, Monta and RattanIndia Enterprises. |
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