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Following the Memorandum of Understanding signed in May 2024, StarCharge, a global pioneer in EV charging and energy storage technology, and Schneider Electric, a global leader in energy management and automation, have signed a joint venture agreement aimed at driving innovation in the European electric vehicle (EV) and energy storage markets.
The joint venture will create a leading European prosumer company delivering EV charging infrastructure, photovoltaic inverters, AC and DC chargers, and storage systems to the European market. This strategic partnership will combine the complementary strengths of StarCharge, with its recognized EV charging and energy storage technologies and production capability, and Schneider Electric, with its deep knowledge of the European market, extensive footprint and leading energy management solution technologies.
BNP Paribas serves as the sole financial advisor to StarCharge. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals.
About StarCharge
StarCharge is a premium provider of comprehensive EV energy supply and storage solutions, with a global footprint spanning over 60 countries across six continents. With a commitment to a greener future, StarCharge has delivered 2 million EV chargers worldwide, leading the industry in sales volume over the past decade.
About Schneider Electric
Schneider Electric's purpose is to create an impact by empowering all to make the most of energy and resources, bridging progress and sustainability for all. Schneider calls this Life Is On. The company’s mission is to be a trusted partner in sustainability and efficiency.
Schneider Electric is a global industrial technology leader bringing world-leading expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by the company’s deep domain expertise, Schneider Electric provides integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for its customers.
Schneider Electric is a people’s company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to its customers and stakeholders. The company embraces diversity and inclusion in everything it does, guided by Schneider Electric’s meaningful purpose for a sustainable future for all.