WAAT Secures €63 Million Financing for Electric Recharging Expansion
Deal News | Mar 12, 2025 | Orrick
Orrick advised Société Générale Corporate & Investment Banking (SGCIB) on a €63 million financing deal for WAAT, a leading player in France's electric recharging solutions sector. The funding package includes an additional €25 million non-binding financial solution and is aimed at accelerating WAAT's market deployment, particularly in the residential collective and tertiary markets, and supporting the growth of electric vehicles and tailored recharging solutions across France. This deal underscores Orrick's commitment to the infrastructure of electric vehicle recharging, a key component in promoting sustainable mobility and energy transition. The multidisciplinary team from Orrick, led by partner Paul Loisel, included specialists in financing, project and regulatory aspects, and competition law, illustrating the firm's comprehensive approach to this innovative transaction.
Sectors
- Renewable Energy
- Automotive
- Finance
Geography
- France – Both WAAT and the financing activity are primarily located in France, focusing on expanding recharging solutions within the country.
Industry
- Renewable Energy – The article pertains to electric recharging solutions, which are central to renewable energy and the transition away from fossil fuels.
- Automotive – The expansion of WAAT's infrastructure supports electric vehicles, aligning with the broader automotive industry's shift towards sustainability.
- Finance – The financing details handled by Orrick and SGCIB fall squarely within the finance industry, particularly in corporate banking and investment.
Financials
- 63 million euros – Total financing facilitated by SGCIB for WAAT.
- 25 million euros – Additional non-binding financial solution included in the financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WAAT | Target Company | Company | A major player in electric recharging solutions in France, focusing on residential and tertiary markets. |
| Société Générale Corporate & Investment Banking (SGCIB) | Financer | Company | Provided €63 million in financing for WAAT to enhance electric recharging solutions. |
| Orrick | Legal Advisor | Company | Provided multidisciplinary legal advice to SGCIB on the financing transaction. |