EV Charging M&A is Accelerating: How Advisers Can Value Portfolios in Days, Not Months

From Statkraft’s Mer merging with Eviny Fast Charging in the Nordics, to Powerdot acquiring InstaVolt’s network in Spain and Portugal and volenergy AG taking over bp's locations in Austria, M&A activity across Europe is picking up pace.

The underlying driver is simple: public charge point utilisation has stayed largely flat. Infrastructure rollouts have matched EV sales step-for-step, leaving operators with capacity that needs to be commercialised rather than continuously expanded.

At the same time, the market is maturing. Commercial banks and debt providers are entering the sector, enforcing strict capital discipline. Investors are no longer focusing on aggressive rollout targets, they want clear EBITDA paths, cash generation, and disciplined returns on capital.

For deal teams and advisers, this creates an immediate challenge.

The Due Diligence Bottleneck

Valuing charging assets on intuition or basic spatial buffers no longer passes investment committee scrutiny. Assessing hundreds of charging locations across multiple jurisdictions demands speed, depth, and granular data.

That is where Zoniq steps in. We combine deep sector expertise with spatial performance models to provide transaction advisers with the exact performance metrics they need, delivered in a fraction of the usual timeframe.

Sharper Insights for Buy-Side and Sell-Side Teams

We work directly alongside consultancies and deal teams to evaluate current network health and forecast future cash flows with clarity.

For Buy-Side Due Diligence

Target Screening: Scan regions systematically to discover target networks with strong underlying demand.
Performance & EBITDA Forecasting: Model future utilisation, revenue, and EBITDA potential across portfolios out to 2035.
Upside Quantification: Identify post-acquisition operational upside and concrete value creation opportunities.
Market Benchmarking: Measure target asset performance against local peers and target KPIs.
Assumptions Validation: Stress-test and validate management case assumptions using independent market projections.

For Sell-Side Advisory

Strategic Divestment: Pinpoint underperforming or non-core sites that drag down overall portfolio economics.
Valuation Support: Quantify true future earnings potential to back stronger valuation multiples during negotiations.
Performance Proof: Benchmark site-level utilisation against market averages and investor expectations.
Vendor Due Diligence: Equip vendors with independent, data-backed projections to streamline deal execution.
Upside Highlighting: Frame realistic growth pathways to maximize overall transaction value.

Real Results in 24 Hours

Speed is essential in competitive deal environments. Using Zoniq Studio, our analytics team can deliver initial portfolio evaluations within 24 hours, even for networks comprising hundreds of charging locations. Full custom due diligence reports are delivered within 1 to 2 weeks, depending on transaction complexity.

To see how we present site-level performance and future potential, explore an example evaluation report here: View Sample Evaluation Report

Grounded in Real Data

We do not rely on theoretical assumptions. Our proprietary models are trained on actual utilisation data from more than 40,000 DC locations across Europe.

We act as collaborative partners to transaction teams, providing the bankable accuracy required to ensure acquired portfolios are profitable by design. To date, Zoniq has supported due diligence projects for investments and M&A transactions valued at billions of euros, partnering with industry leaders like Fastned, Blink, Free To X, and Atlante.

Accelerate Your Next Due Diligence Mandate

If you are advising on an upcoming transaction or assessing an EV charging portfolio, de-risking your pipeline does not need to take months.

Schedule a call with our CEO today to see how we can support your next mandate.