Eleport

Eleport

The aim of eleport is to make climate-friendly transport accessible to all.

HQ location
Tallinn, Estonia
Launch date
Employees
Enterprise value
$22—33m
Company register number
14053046
Recent deals
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DateInvestorsAmountRound
*

€5.0m

Early VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2021202220232024
Revenues0000000000000000
% growth-(21 %)297 %16 %
EBITDA0000000000000000
Profit0000000000000000
% profit margin(46 %)(120 %)(57 %)(105 %)
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Company filings or news article

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More about Eleport
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Eleport is an operator and developer of electric vehicle (EV) charging networks, with a strategic focus on Central and Eastern Europe. Established in 2016 in Tallinn, Estonia, the company was co-founded by Raul Potisepp, who initially served as CEO, along with his brother and two friends. The venture began in a home garage, initially by renting affordable, used electric cars to taxi drivers to promote cleaner city air. Spotting a market opportunity in the low-cost, government-subsidized charging infrastructure, they pivoted to building their own network.

The company's primary business involves developing, owning, and operating a network of public EV charging stations. Revenue is generated from the electricity sold to EV drivers who use the network. Eleport's business model caters to both individual EV drivers (B2C) and business clients (B2B), including corporate fleet operators and large retail chains with whom they form partnerships to install chargers in high-traffic locations. The company often covers the investment costs for installing the charging infrastructure for its partners. A core component of their service is a mobile application that allows users to locate nearby stations, manage payments, and monitor charging sessions. A key differentiator is that all electricity provided through its network is certified as 100% renewable.

Since its inception, Eleport has undergone significant expansion, backed by strategic investors such as Bolt, Gren (a green energy company owned by Partners Group), and Ambient Sound Investments (the investment fund of Skype's co-founders). A major milestone was the installation of its first public chargers in Estonia in 2018, followed by expansion into Latvia, Lithuania, and Poland. In August 2024, Eleport acquired Austrian-based TurboVolt, extending its footprint to Croatia and Slovenia and bringing its network to six countries. As of June 2024, founder Raul Potisepp transitioned to the role of Chief Growth Officer, with Jakub Miler appointed as the new CEO to steer further international expansion. The company projects substantial growth, aiming to operate over 1,350 charging points by the end of 2024 and invest over €100 million in the coming years.

Keywords: EV charging network, Central and Eastern Europe, electric vehicle infrastructure, renewable energy, charge point operator, e-mobility, B2B charging solutions, public charging stations, cleantech, sustainable transportation, EV charging app, fast charging, DC charging, green energy, fleet charging, mobility tech, Raul Potisepp, Jakub Miler, Estonia, Poland, Baltics, Croatia, Slovenia

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Investments by Eleport

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TurboVolt
ACQUISITION by Eleport Aug 2024