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EV Charging · Netherlands

Polestar Capital Launches €500M Fund to Boost Zero-Emission Mobility Transition

Kurrant News Desk · ·2 min read

Hilversum-based Polestar Capital, a Dutch asset manager and impact investor, has introduced the €500 million Polestar Capital e-Mobility & Infrastructure Fund (PCEIF) to accelerate the shift to zero-emission mobility. The fund will provide loans to e-mobility and logistics projects facing challenges in securing traditional financing.

With this new fund, Polestar Capital’s total committed capital now nears €1 billion. The firm, which has 15 years of experience in impact-driven investments, is expanding into mobility financing after initially focusing on renewable energy projects.

The mobility sector is the second-largest CO2 emitter, making zero-emission logistics essential for achieving climate goals. However, transitioning to sustainable mobility requires over €120 billion in Europe by 2030 for infrastructure and electric vehicles. Traditional banks often hesitate to offer long-term capital, while venture capital is frequently unsuitable. PCEIF aims to address this gap by providing structured debt financing to companies in North West Europe, supporting their growth and transition efforts.

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PCEIF is classified as an SFDR Article 9 fund, targeting investments with clear environmental benefits. It will focus on three key areas: charge point operators for electric vehicles, depot charging infrastructure at logistics hubs, and EV fleet operators transitioning from fossil fuels to electric power.

Polestar Capital, known for its private debt solutions in the circular economy and renewable energy, previously raised €43 million in July 2024 for its Circular Debt Fund to support Dutch circular SMEs. The new fund underscores its commitment to large-scale sustainable financing and environmental impact.