Irish-founded Jolt raises €150m for fast-charging EV stations

Maurice Nelligan-led firm says drivers can charge vehicles for a driving range of up to 100km in just 5 minutes with its stations.

Jolt Energy founder and CEO Maurice Nelligan

Jolt Energy, an Irish-co-founded company that has developed ultra-fast charging stations for electric vehicles, has secured €150 million in investment.

Founded and led by Maurice Nelligan and with operations in Munich, Dublin and London, the e-mobility company is to use the funding to develop thousands of charging stations, with power up to 320 KW, in European and North American cities.

Jolt’s charging stations are mainly installed in publicly accessible, and highly frequented areas such as ...