How Electra is transforming Europe’s Electric Vehicle market

Elise Erbs, CFO at Electra, explains that the fast-growing company needed a banking partner to support its growth in multiple ways. “BNP Paribas had the reputation of helping new businesses to grow… What is really comfortable with BNP Paribas is the reactivity. We need answers very quickly. We need certain services, and we really found them with BNP Paribas. The Green Desk specifically is really adapted to our business, and in particular our constraints, our markets.”

The Green Desk of BNP Paribas’ commercial banking in France, which is dedicated to energy transition pure players, provides Electra with a range of services, including cash management, corporate financing, fundraising advisory and guarantees. With its help, and BNP Paribas CIB acting as Financial Advisor, Electra raised €304 million in equity in January, doubling what it has raised in the last three years.

“This level of funding is really taking us to the next stage. It’s giving us the financial means for our ambition. It was key for us to have BNP Paribas as advisors helping us ensure that the whole process was conducted thoroughly,” says de Meaux.