This agreement is part of Allego’s ongoing strategy to advance the growth of its electric vehicle charging network across Europe. The funds were received on December 27, 2024, marking a critical milestone for the company’s ambitious growth plans.

This initial tranche is part of a more significant financial commitment from Meridiam, which includes an additional EUR 160 million in convertible bonds to support Allego’s long-term growth plans. This extended commitment will enable Allego to expand its charging network further, improving accessibility and reliability for EV drivers across Europe.

This funding aligns with Allego’s vision to deliver innovative charging technologies, support EV adoption, and contribute to a sustainable future. This investment will provide Allego with the capital needed to execute its project backlog and support its robust pipeline of future developments. The proceeds will primarily be directed towards capital expenditures, ensuring Allego can expand its network and deliver innovative charging solutions to its customers.

Want to know more about how Allego stands out for its commitment to excellence, sustainability, and safety In an increasingly competitive and rapidly changing business environment? Read more here.