Chargepoly's $24.9M Bet on Electric Truck Charging

Jan de Vries · 2026-08-06

When you think about the shift to electric vehicles, your mind probably jumps to sedans and SUVs. But the real heavy lifting—literally—is happening in the world of freight. Aix-en-Provence-based Chargepoly just raised a significant chunk of change to make that transition smoother, and the implications could ripple across the logistics industry. The company secured $24.9 million (€23 million) in a funding round led by Meridiam's Green Impact Growth Fund (MGIGF), with longtime shareholder Fideve Groupe also participating. It's a clear signal that investors see a massive opportunity in electrifying the trucks and buses that keep our supply chains moving. ### Why Heavy-Duty Electrification Is a Bottleneck Right Now Here's the thing: electric trucks aren't the problem anymore. Major manufacturers like Volvo Trucks, Renault Trucks, and Daimler Truck are investing heavily in making them more competitive with diesel. The real hurdle is infrastructure. Standard charging solutions just don't cut it when you're dealing with tight space constraints, massive power requirements, and strict operational schedules at logistics hubs. Chargepoly, founded in 2019 by Hadi Moussavi, tackles this head-on. The company designs, deploys, and operates high-performance DC charging infrastructure specifically for heavy-duty fleets. Its approach combines a modular architecture that shares and allocates power across multiple charging points, paired with a software suite called Lucie that maximizes efficiency. ### What Chargepoly's Technology Actually Does Think of it like a smart power manager for a fleet depot. Instead of installing dozens of separate chargers that each demand their own power draw, Chargepoly's system intelligently distributes available power where it's needed most. This lowers deployment costs, optimizes asset utilization, and reduces operating expenses. The company claims this approach optimizes the Total Cost of Ownership (TCO) for electric trucks, removing the technical barriers that have kept many operators on diesel. The result? Transport companies can transition to decarbonized fleets more easily and cost-effectively. ### Real-World Traction and Expansion Chargepoly isn't just pitching a concept. The company has deployed solutions across carrier depots, logistics warehouses, industrial sites, port terminals, and bus depots. It has completed interoperability testing with more than 50 distinct heavy-duty vehicle models and operates hundreds of DC fast charging points across France, the UK, and Canada. Customers include major names like Groupe Rave in France, Nationex in Canada, and blue-chip accounts like CMA-CGM. The company says it's already decarbonizing more than one million kilometers of freight transport every month—that's roughly 621,000 miles of cleaner logistics. ### What This Means for the Industry Yannick Marion from Meridiam GIGF put it well: "The company is addressing a critical need for infrastructure and services that enable the electrification of heavy-duty transport, combining differentiated technology, strong industrial partnerships and highly skilled teams." Moussavi echoed that sentiment, saying the investment will accelerate international expansion and help the company offer best-in-class charging solutions. The capital will be used to scale the integrated technology platform and push into new markets. ### The Bottom Line Heavy-duty transport electrification is no longer a question of if, but when. With regulatory pressure mounting and the economics of electric trucks improving, the companies that build the charging backbone today will own the market tomorrow. Chargepoly's latest round positions it to be a key player in that infrastructure race. For fleet operators watching from the sidelines, this is a signal that the charging puzzle is being solved. The pieces are coming together, and the path to electric freight is getting clearer by the month.