Varo Energy acquires EV charging provider elexon
The German company has installed over 24,000 charging points at more than 900 locations in Germany, Switzerland and Austria.
Varo Energy has announced the acquisition of elexon GmbH, a leading electric vehicle (EV) charging infrastructure provider with a focus on the business-to-business sector.
To date elexon has led the roll-out of over 24,000 charging points at more than 900 sites across Germany and the rest of Europe. It plans to further expand its installed charging capacity in Germany until 2030, leading to an installed base of 1.56 GW.
As Varo expands software provider for vehicle charging Road across Europe, elexon adds a strong customer base in Germany.
“Our customers want simpler, cost-efficient solutions for decarbonising their activities. With elexon, VARO has taken a major step forward to providing them with that in e-Mobility,” said Dev Sanyal, CEO of Varo.
Varo’s investment in elexon today supports the ONE VARO Transformation strategy. This initiative aims to strengthen e-mobility as one of its five strategic growth pillars: biogas, biofuel, e-mobility, hydrogen and nature-based carbon removal.
