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PGNiG invests in the electromobility market acquiring shares in Enelion

The PGNiG Group’s corporate venture capital fund PGNiG Ventures has acquired shares in Enelion, a provider of comprehensive solutions for electromobility. The first stage of the investment is worth 2.53 million zlotys (approximately 556,000 euro) and its total amount may reach 6 million zlotys (approximately 1.3 million euro).

Enelion provides a range of solutions including smart electric vehicle chargers, a system for managing charger networks, tariff plans and payments and a mobile app enabling EV drivers to remotely control charges, energy consumption and charging costs.

“Like gas mobility, the electromobility market has strong prospects for further growth,” said Arkadiusz Sekściński, Vice President of the PGNiG Management Board. “Demand for CNG and LNG vehicles and gas refuelling infrastructure in transport is growing, as is the number of electric vehicles, which drives the rollout of charging points. Enelion offers best-in-class proven solutions, including software that is compatible with third-party chargers. We look at this investment as a source of business profits, but at the same time, as the PGNiG Group, we support projects contributing to a low-carbon future. Therefore, I am delighted PGNiG Ventures has included Enelion in its portfolio.”

“As PGNiG Ventures, we support innovation-driven companies in need of capital to develop products and services that may find applications in the energy industry,” added Małgorzata Piasecka, CEO of PGNiG Ventures. “Without a doubt, electromobility and the pursuit of a low-carbon future are one of the key directions for the energy sector. Conditions conducive to the development of electromobility must be created, including through the rollout of necessary infrastructure, charging stations in particular. Enelion is a Polish company offering exposure to a strong growth market and operating on a scalable business model based on market-proven chargers and a charging point management system implemented in December 2020 that can be offered to operators without limitations, so I am confident we have made the right decision to invest in the company.”

Enelion targets business customers, including energy companies, local governments, building managers and car dealers, as well as retail customers. The company recorded an over four-fold increase in sales over the last two years. It is consolidating its position in Poland and Europe, with as much as 70 per cent of AC chargers manufactured by Enelion sold to customers abroad. The company aims to increase production from the current 400 to more than 5,000 AC units per month in 2025 and grow exports to the US, Canada, Eastern Europe, South America, the Middle East and Africa. The company also plans to launch DC fast chargers.

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