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 2 funding rounds
Key investors in Zunder
Mirova
White Summit Capital
About Zunder
Zunder is an electric vehicle charging network operator headquartered in Madrid, Spain. The company deploys fast-charging stations at destinations including hotels, restaurants, and supermarkets across Spain and Portugal. Chargers support solar energy capture through integrated panels on station roofs, enabling grid contributions during low-demand periods. Zunder's app facilitates pay-per-use access without mandatory subscriptions. Launched in 2020, the network emphasizes bidirectional energy flow and seamless integration for EV drivers traveling the Iberian Peninsula.
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 valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2022 | Undisclosed stage | $396M |
Zunder Funding History
Zunder has raised a total of $129M across 2 funding rounds.
Zunder's first fundraising round was a $30M undisclosed-stage round in July 2021. 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 | - | - |
Who has invested in Zunder?
2 investors have backed Zunder across its funding rounds, including Mirova and White Summit Capital.
Lead investors include Mirova.
Zunder Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 | |
 Israel | Publicly listed | $5M | ($33M) | $233M | |
 Qingdao | Private | $241M | - | $193M | |
 San Francisco, CA | Private | - | - | $1B | |
 Copenhagen | Private | - | - | $155M | |
 India | Publicly listed | $772M | ($10M) | $381M |
Zunder Public Comps
Zunder is still privately-owned, but its public comps include KNOT Offshore Partners, RattanIndia Enterprises, Ehang, Summit Midstream, Kistos Holdings, LiveWire, Alfen, ChargePoint, Hunter Group and Zaptec.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $364M | $193M | 3.5x | 3.4x | 6.6x | 5.7x | |||
| $772M | ($10M) | 0.6x | - | (51.0x) | - | |||
| $62M | ($44M) | 4.9x | 4.3x | (6.8x) | (8.8x) | |||
| $562M | $207M | 3.6x | 3.3x | 9.9x | 8.3x | |||
| $216M | $99M | 3.7x | 2.0x | 8.1x | 2.9x | |||
| $26M | ($66M) | 12.3x | 12.3x | (4.8x) | - | |||
| $502M | $24M | 0.6x | 0.5x | 11.4x | 10.4x | |||
| $411M | ($170M) | 1.0x | 1.0x | (2.5x) | (7.4x) | |||
This data is available for Pro users. Sign up to see all Zunder competitors and their valuation data. Start Free Trial | ||||||||
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 2 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 White Summit Capital and Mirova. |
| Which companies are comparable to Zunder? | Companies comparable to Zunder include Connected Kerb, Electreon Wireless, Teld New Energy, Ample, Monta and RattanIndia Enterprises. |
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