Powerdot y CBRE aterrizan en Cuenca con la instalación de 26 puntos de recarga para vehículos eléctricos

powerdot02

  • Los puntos de carga están ubicados en el Centro Comercial El Mirador de Cuenca, de los cuales 6 son de recarga dinámica ultra-rápida y 20 de carga lenta

  • Con el modelo de negocio que tiene Powerdot, enfocado en la carga en destino, se han instalado puntos de carga con diferentes potencias que se adaptan a las necesidades de cada usuario en función del tiempo que permanecen en las inmediaciones

Powerdot, operador de puntos de recarga para vehículos eléctricos especializado en la instalación en espacios de acceso público y «destination charging”, ha firmado un acuerdo con CBRE, compañía estadounidense de capital inmobiliario, para instalar 26 puntos de recarga en el Centro Comercial El Mirador de Cuenca.

La compañía ha dispuesto 150 kW para recarga ultra-rápida repartidos en 6 plazas de aparcamiento con sistema de recarga dinámica, es decir, permitiendo distribuir la potencia disponible entre vehículos cargando en paralelo. Adicionalmente, ha instalado 20 plazas de recarga lenta para aquellos visitantes que quieran pasar más tiempo en el centro.

Esta infraestructura responde al modelo de negocio de Powerdot, enfocado en la carga en destino (o “destination charging”), donde la potencia de los puntos de recarga se ajusta a las necesidades de cada usuario en función del tiempo que permanecen en las inmediaciones. Con ello, los usuarios no se desvían para cargar su vehículo, sino que aprovechan el destino para realizar sus tareas y disfrutar del espacio mientras recargan su coche o moto.

“Powerdot nos ha proporcionado la propuesta más adecuada para la implantación de este servicio en nuestro complejo comercial en base a una solución “llave en mano” que comprende inversión, instalación, mantenimiento y atención al cliente y que viene avalada por su larga trayectoria y su presencia a nivel europeo» señala Diego Varela, gerente del centro comercial.

Por su parte, Laura Goncalves, general manager en Powerdot España recalca que “CBRE comparte nuestra misión de ser parte de la transición hacia la movilidad eléctrica. Con ellos, damos un paso más en la innovación y mejora del proceso de recarga adaptándonos a las necesidades de los usuarios para que disfruten de una experiencia completa en el centro comercial al mismo tiempo que ayudamos a crear una infraestructura sólida en el mercado español”.

CUENCA, ENCLAVE ESTRATÉGICO PARA EL TRÁFICO DE LEVANTE

La movilidad sostenible es ya una realidad, cada vez hay un mayor número de usuarios que disponen de un vehículo eléctrico. Para satisfacer esa creciente demanda es necesario seguir ampliando la red de puntos de recarga. En este sentido, Cuenca se configura como un punto estratégico de la geografía nacional por ser considerado un nudo de tráfico del Levante.

En este sentido, Adrián Martínez Vicente, concejal de Urbanismo, Mantenimiento Urbano y Movilidad del Ayuntamiento de Cuenca, explica que “queremos seguir promoviendo la movilidad sostenible en nuestra región y animamos a las empresas operadoras de puntos de recarga a poner su punto de mira en Cuenca. Recibimos de forma positiva este tipo de inversiones en nuestra región”.

Powerdot tiene como misión que la recarga de un vehículo eléctrico sea tan sencilla como la de un smartphone en cualquier punto de nuestra geografía para facilitar e integrar la carga de vehículos eléctricos en la vida de las personas.

QEV debuts on Euronext Amsterdam with a EUR 221 market capitalization

QEV

  • QEV Technologies, a pioneering European manufacturer of electric vehicles for corporate fleets and public transport, has merged with SPEAR Investments I, a special purpose acquisition company (SPAC) formed by AZ Capital and STJ Advisors and focused on becoming a valuable partner for a high-growth European company.

  • SPEAR Investments I has raised EUR 23.1 million in capital to finance its growth plan, which aims to increase the production of electric vehicles in Barcelona’s Zona Franca.

  • Inveready, a leading early and later-stage venture, private and public equity investor in Spain, and a major existing investor in QEV Technologies, has invested alongside new investors in this transaction.

  • QEV Technologies combines long term expertise in electric mobility with major production facilities in Barcelona’s free trade zone (former Nissan facility with production capacity of 180,000 vehicles per year; tender won in March 2023 together with JV partner), a significant order book, and a strong pipeline of business from major corporate and public transport companies.

  • QEV Technologies expects to close 2023 quadrupling its revenues and plans to produce more than 16,000 electric vehicles per year from 2027.

  • The initial reference quoted share price will be 10 euros per share.

QEV started trading today on Euronext Amsterdam under the ticker symbol [QEV] with a fully diluted market capitalization of EUR 221 million. The debut follows the merger of QEV Technologies, a high-growth Spanish company specialising in electric vehicles, and SPEAR Investments I, a Special Purpose Acquisition Company (SPAC) formed by AZ Capital and STJ Advisors.

The transaction has raised EUR 23.1 million of capital to support the business plan of QEV Technologies, which is expected to quadruple its revenues to 60 million euros this year and aims to sell more than 16,000 electric vehicles per year from 2027.

QEV Technologies will maintain its fiscal domicile, headquarters and operations in Barcelona, and will focus its business plan on the implementation of the D-Hub (Decarbonisation Hub), a cutting-edge project in electric mobility that combines the production of owned brands with a contract manufacturing model and seeks to position Spain and Europe as a benchmark in sustainable mobility. The D-Hub, which has been installed in the strategic Zona Franca of Barcelona, expects to start production in early 2024 and will have a maximum annual capacity of 180,000 vehicles.

The money raised in this transaction will allow QEV Technologies to accelerate progress in the implementation of this project and will also accelerate the deployment of the funds corresponding to the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (PERTE_VEC), authorised by the European Commission and the Government of Spain.

The equity raised includes a new contribution from Inveready, a long-standing investor in QEV Technologies, which has now increased its investment in the company. The total capital raised also includes existing investments made by SPEAR shareholders, and the entry of new private investors through a PIPE (Private Investment in Public Equity) transaction and additional new investments made by the SPAC promoters.

After the completion of the merger, QEV’s historical shareholders will have 80% of the merged company, with the management team collectively accounting for 14%. The other two reference shareholders within this group are NAD (11%) and Power Electronics (9%).

Joan Orús, CEO of QEV Technologies, explained: «The new capital raised and to start trading in a stock exchange such as Euronext Amsterdam will allow us to accelerate the implementation of our pioneering electric project, which not only has huge potential, but is also a model that faces the economic and climate challenges. Today marks a new milestone in our company’s path and a step forward for the reindustrialisation in Spain, and we are fully committed to a green transition. This operation demonstrates the market’s confidence in our business model and the whole project, it will open the door to new investors and will allow us to scale our production capacity to meet the growing demand for electric vehicles«.

Jorge Lucaya, co-CEO of SPEAR Investments, commented: «We are delighted to have agreed a business combination with QEV Technologies. From our new role as minority shareholders of QEV, we will support the company in achieving its goals which will benefit all the stakeholders in this journey to a cleaner economy«.

John St. John, co-CEO of SPEAR Investments, said: «The merger with QEV Technologies allows us to provide the company both with liquidity and with our expertise in supporting companies that want to expand and further consolidate their business models. The partnership with QEV Technologies has given SPEAR Investments the opportunity to invest in a company with a significant role in the sustainable mobility industry and with an extraordinary growth potential.”

QEV Technologies has been advised by JB Capital as financial advisor, and Pérez-Llorca Abogados, Augusta Abogados and Stibbe as legal advisors for the transaction. SPEAR Investments I was advised by AZ Capital as financial advisor, STJ Advisors as capital markets advisor and Allen & Overy as legal advisor.

QEV Technologies and SPEAR have successfully signed an agreement to combine their businesses, which is expected to result in the listing of QEV N.V. on Euronext Amsterdam

QEV Technologies

  • QEV Technologies is a fast-growing European manufacturer of electric vehicles for corporate fleet and public transport clients

  • Existing and new investors have committed EUR 23 million to date in the context of the business combination transaction to fund the company’s growth plan, including a ramp up of vehicle production in Barcelona’s free trade zone and as working capital to support the fulfilment of purchase orders from major corporate clients

  • Inveready, a leading early and later-stage venture, private and public equity investor in Spain, and a major existing investor in QEV Technologies, is investing alongside new investors in this transaction

  • QEV Technologies expects to quadruple its revenues in 2023 and is targeting sales of over 16,000 electric vehicles per year by 2027

  • QEV Technologies combines long term expertise in electric mobility with major production facilities in Barcelona’s free trade zone (former Nissan facility with production capacity of 180,000 vehicles per year; tender won in March 2023 together with JV partner), a significant order book, and a strong pipeline of business from major corporates and public transport companies

  • Demand for electric vans, trucks and buses is expected to continue to grow quickly in a supply-constrained environment, in the context of the electrification of corporate fleets and rapid, sustainability-focused regulatory developments across the company’s target markets

QEV Technologies, a fast-growing company that specialises in electric light commercial vehicles for corporate fleets and electric buses for public transport companies, and SPEAR Investments I, a Special Purpose Acquisition Company (SPAC) launched by AZ Capital and STJ Advisors focused on becoming a valuable partner to a fast-growing European business, have successfully signed an agreement to combine their businesses which is expected to result in the listing of  QEV N.V. on Euronext Amsterdam.
 
QEV Technologies will maintain its fiscal residence, headquarters and operations in Barcelona (Spain), following its recent successful tender with its JV partner for a former Nissan facility in the “D-Hub” (Decarbonization Hub) in Barcelona, Spain, a cutting-edge project in electric mobility strategically located in Barcelona’s free trade zone that seeks to position Spain and Europe as a benchmark in sustainable automation, with an expected production capacity of 180,000 vehicles per year.
 
The implied enterprise valuation for the transaction is EUR 209 million and the transaction already has EUR 23 million of capital to support the company’s business plan, which foresees a four-fold increase in revenues by 2023 and aims to sell over 16,000 electric vehicles per year by 2027. QEV Technologies’ pipeline of business includes both purchase orders and advanced negotiations to become a supplier of last mile electric vehicles with its ZEROID brand for large national and international companies, as well as for the supply of electric buses.
 
Joan Orús, CEO at QEV Technologies explains: “The market for electric light commercial vehicles and buses is accelerating at a rapid pace, as companies seek to electrify their fleets and to deliver their products and services in a sustainable way. QEV Tech has developed its expertise in electric mobility over a 10-year period and is now reaching an inflexion point as the electrification of global supply chains and transport networks has created a supply-constrained environment that we are seeking to serve with our experience in electric mobility and our highly competitive production capabilities.”.
 
Jorge Lucaya, co-CEO of SPEAR Investments, commented: “QEV Technologies is the ideal business combination candidate. It combines technology expertise in electric mobility, with cost-competitive production capabilities and concrete orders. At SPEAR we see the market opportunity that QEV is serving as very attractive – the high utilisation of fleet vehicles makes the transition to light commercial vehicles compelling for fleets from a commercial perspective, and is less brand-driven than consumer decisions in terms of electric vehicles. In addition, the large purchase orders of fleets allow customisations of those vehicles according to customer needs which also supports this transition.”.
 
John St. John, co-CEO of SPEAR Investments, commented: “SPEAR has delivered on its objective of offering a route to capital markets for a fast-growing private company that has proven much, but still has significant growth potential ahead of it, and combining it with capital and expertise to support that growth. We see QEV as having an exciting long term future ahead of it and are looking forward to supporting it in achieving its goals over the long term.”.
 
The capital provided by this transaction will allow QEV Technologies to continue to increase investment and accelerate the deployment of funds corresponding to, among other initiatives, the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (PERTE_VEC) authorized by the European Commission and the Spanish Government. The cash inflow is comprised of a combination of non-redemption agreements with SPEAR’s existing shareholders, the entry of new private investors through a PIPE (Private Investment in Public Equity) transaction, new investment from the company’s existing investor, Inveready, and a backstop commitment from SPEAR’s promote investors. The committed capital is expected to be further increased before closing of the proposed business combination.
 
Under the terms of the proposed agreement, 100% of QEV Technologies’ existing shareholders are expected to remain invested in the company through the exchange of their shares for shares in the combined entity.
 
Amongst these, Inveready and GAEA Inversion, the private equity vertical of the fund management firm, currently the largest investors in the company, will significantly increase their investment in QEV Technologies, which was initially made in 2021.
 
The transaction is subject to the approval of the business combination by SPEAR’s shareholders at an EGM, which will take place on September 27th, 2023, after which QEV Technologies is expected to become a Euronext listed company. For more information please see SPEAR Investment’s Shareholder Circular published on its website at https://www.spearinvestments.com/.