On Monday, 10 July 2023, Elywhere Group AS (“Elywhere”) announced that it has successfully completed a directed private placement of primary and secondary shares, whereof NOK 95 million is gross proceeds from newly issued shares, towards new and existing investors. Farvatn Private Equity, Børge Hald and the Adolfsen group all participated in the transaction. The capital raised will be used to finance growth, including through increasing the capacity of Elywhere’s organisation, sales, marketing and product development, as well as for general corporate purposes.
Elywhere offers turnkey, mobile EV fast charging solutions, based on a modular design with integrated batteries and advanced software solutions, including its proprietarily developed DC-charger. Elywhere has seen significant growth since inception, and delivered positive EBITDA already in 2022 which was its first year with revenues. The company currently has signed LOIs for sales of more than NOK 3 billion, and in 2023 the company targets to deliver approx. NOK 250m in revenues.
