€10m · Other round · Cleantech · Madrid, Spain
Madrid-based Wenea has secured €10m in project financing from Impact Bridge and Fundeen to develop and consolidate electric-vehicle charging assets across Spain. The financing supports three companies in the Wenea Group, with roughly 80% of the financed assets already operating when the deal was reported.
The transaction centres on the Olympus portfolio. Fundeen’s current project page describes 391 planned charging points across 53 Spanish stations, with 329 already deployed and operating, and says the remainder is expected to be installed during the first half of 2027. The platform presents the investment as debt secured against a diversified portfolio rather than a conventional venture round.
Wenea builds and operates charging infrastructure and provides drivers with access through its app. At the announcement, reporting attributed more than 4,000 charging points across Spain and the UK to its wider footprint, including over 1,600 in its own network, and more than 270,000 customers. Fundeen also says Wenea users can access more than 400,000 interoperable charging points across Europe.
Why the financing structure matters
The portfolio combines live infrastructure with sites still to be deployed. That gives lenders operating assets to assess while financing additional capacity, rather than relying entirely on forecasts for a greenfield network. It also makes utilisation and reliability central to repayment: the commercial question is not simply how many chargers are installed, but how often drivers use them and how consistently they work.
Fundeen lists a fixed 9.5% annual loan with a maximum five-year term for the community-facing tranche. It says Impact Bridge participated through one of its funds with €3m via the platform, while individual investors could join from €500. Bringing institutional and retail capital into the same infrastructure portfolio widens the pool of potential lenders, but the project page also warns that its security package may not cover all amounts owed.
Building on an existing network
Wenea was launched from Grupo Diggia and previously received €50m from the European Investment Bank in 2020 for a programme to deploy 470 ultra-fast charging points in Spain. The new financing is narrower and portfolio-based: it is intended to unlock value from operating assets while extending coverage across road corridors and urban locations.
That mix matters for an independent charging operator. Existing stations can generate usage data and cash flow, while new locations improve network reach. The remaining execution test is whether Wenea can complete the planned rollout and turn broader coverage into repeat charging demand without weakening service quality.
