The Challenge: Securing Capital for a Massive Rollout
Participating in a substantial tender like the Mousquetaires project requires more than just operational excellence. Eranovum Energy secured an assignment of over 600 locations for this massive tender across France, with 70 sites planned specifically for the 2025 deployment phase. To scale their network with speed, securing robust bank funding was critical.
While Eranovum possessed a clear vision and strong internal data, institutional lenders rarely accept internal forecasts at face value. To de-risk a project of this magnitude, banks require an independent authority to validate the numbers through rigorous due diligence. Eranovum needed an external partner to provide objective evidence and build lender confidence.
The Solution: Strategic Analysis and Right-Sizing
We stepped in as a strategic partner to build the backbone of Eranovum’s funding application. While the initial request was simply for traffic data, we delivered a comprehensive report grounded in tangible market evidence to build the narrative banks need to see.
- Deep-Dive Behavioural Analysis: We provided the objective, location-specific utilisation forecasts that financial institutions require to move forward.
- Hardware Optimisation: We identified opportunities to balance AC and DC chargers for each specific site based on predicted dwell times.
- Targeted Savings: This optimal hardware configuration helped Eranovum significantly reduce unnecessary capital expenditure.
The Impact: Financial Close and Accelerated Timelines
Our collaboration served as a direct catalyst for Eranovum's successful expansion.
- Funding Secured: Armed with our external due diligence, Eranovum successfully achieved financial close to push the project forward.
- Improved Profitability: By right-sizing locations early in the planning phase, Eranovum improved projected utilisation rates to shorten the path to profitability.
- Deadlines Met: Despite tight tender schedules, our rapid delivery allowed Eranovum to submit a technically rigorous, data-backed bid.
"Zoniq provided the data and expertise we needed to prove our business model. Their forecasts gave our lenders the exact confidence required to back the project."
Baptiste Morche, Project Finance Manager, Eranovum Energy
Looking Forward
As Eranovum completes the rollout of these sites through 2025 and 2026, we will continue our support through ongoing backtesting analysis. By comparing real-world operational data against our initial forecasts, we will refine our methodology to ensure Eranovum’s charging network reaches the target utilization levels.
