Infracapital Powers German Rail's Green Future
Deal News | Aug 13, 2025 | Infracapital
Infracapital, the infrastructure equity investment arm of M&G, has completed its third investment in Germany's rolling stock market. This significant investment is focused on funding a new battery-electric multiple unit (BEMU) fleet for Mittelthüringer Akku-Netz, located in Thuringia, Germany. Scheduled to enter service in December 2028, the fleet will initially be leased to DB Regio AG for 15 years, supporting the local transportation network's electrification. This partnership with Rock Rail marks the second follow-on investment for Infracapital's Marble platform, previously involved in the Leipzig Central German S-Bahn Network. The MAN project will replace aging diesel trains with 19 Stadler FLIRT Akku BEMUs, promoting sustainable rail transport and decarbonizing Europe's rail networks. This investment, part of Infracapital Greenfield Partners II, underscores a commitment to developing essential greenfield infrastructure across Europe to foster long-term growth. Tom Crawley, Managing Director at Infracapital, highlighted the importance of this investment in supporting DB Regio AG and advancing sustainable transport in Germany.
Sectors
- Infrastructure Investment
- Rail Transport
- Sustainable Energy
Geography
- Germany – The investment is made within Germany, specifically targeting the Thuringia region’s rail network as part of their market expansion.
- Europe – Infracapital’s investment forms part of a broader strategy to enhance rail infrastructure across Europe, with an emphasis on sustainable development.
Industry
- Infrastructure Investment – Infracapital, as an arm of M&G, is involved in infrastructure equity investments, indicating a primary focus on funding essential infrastructure projects that meet societal needs.
- Rail Transport – The investment targets Germany’s rolling stock market, specifically focusing on battery-electric multiple unit (BEMU) trains, which are part of the rail transport sector.
- Sustainable Energy – The project promotes electrification and decarbonization, aligning with trends in sustainable energy as it aims to replace diesel trains with eco-friendly alternatives.
Financials
- – The article does not specify the financial amount of the investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Infracapital | Investor | Company | Infrastructure equity investment arm of M&G, focusing on essential infrastructure projects. |
| Rock Rail | Partner | Company | A developer, owner, and asset manager of rolling stock and rail infrastructure. |
| Mittelthüringer Akku-Netz (MAN) | Target | Company | The regional network in Thuringia, Germany, receiving the new battery-electric train fleet. |
| DB Regio AG | Operator | Company | The company leasing and operating the new BEMU fleet for 15 years. |
| Stadler | Supplier | Company | The manufacturer of the FLIRT Akku BEMUs. |
| Marble Platform | Project | Company | Infracapital's investment platform utilized for sustainable rail investments. |