Decade Energy raises €22 million (USD$26 million) financing for fleet electrification infrastructure platform expansion

Paris-based logistics electrification company Decade Energy secured €22 million (USD$26 million) in financing to scale its electric truck infrastructure platform and expand into new international markets. The funding round was led by Eiffel Investment Group and SET Ventures, with participation from existing investors Ananda Impact Ventures and Contrarian Ventures. Eiffel Investment Group committed €16 million through its Eiffel Transition Infrastructure fund to support the deployment of at least 100 MW of battery energy storage systems (BESS) projects across France, with total capital expenditure estimated at approximately €50 million. The remaining funds will advance Decade Energy’s product roadmap, including energy optimization software, new truck charging and solar PV solutions, and expansion into Germany, the Nordics, Poland and other European countries. Decade Energy has conducted over 1,500 depot electrification feasibility studies across Europe and advanced over 100 projects representing more than 500 MW of capacity currently under development. Laurent Coubret, Investment Director at Eiffel Investment Group, stated that BESS is becoming core infrastructure, combining flexibility for renewable energy integration with the ability to electrify logistics depots. The company’s zero capex approach helps logistics property owners secure power capacity while creating predictable rental income and adding value from BESS participation in energy markets.

Counterparts (5)

Lender

SET Ventures

company · 1 deals

Amsterdam-based venture capital firm specializing in energy technology investments across Europe, backing digital energy pioneers transforming the continent's energy transition.

Eiffel Investment Group

company · 2 deals

Eiffel Investment Group is an investment firm specializing in infrastructure, energy transition, and other sectors. They provide financing solutions to companies and projects, focusing on sustainable investments and long-term value creation.

Ananda Impact Ventures

company · 1 deals

Ananda Impact Ventures is a Munich-based venture capital fund with over €200M AUM, investing in early-stage European impact tech companies. The fund focuses on businesses addressing social and environmental challenges, including those related to energy transition, circular economy, sustainable transport, and smart infrastructure solutions.

Contrarian Ventures

company · 1 deals

Developer

Decade Energy

company · 2 deals

Paris-based energy infrastructure company specializing in end-to-end electrification solutions for transport operators and real estate owners, including grid upgrades, battery storage, charging infrastructure, and energy optimization software across Europe.