JOLT Energy receives €150 million investment from InfraRed to start building urban ultra-fast charging network

• Infrastructure investment firm InfraRed Capital Partners invests in JOLT
• Thousands of ultra-fast charging stations with charging power of up to 320 kW planned in European and North American cities
• Combining charging stations with battery storage enables an ultra-fast charging network in urban areas without extensive grid upgrades
• Municipal and commercial site operators receive fast-charging stations from JOLT without having to invest in or operate them themselves

Munich, Dublin & London, May 9, 2023 – The electric-mobility company JOLT Energy GmbH (JOLT), a pioneer in operating battery-buffered ultra-fast charging stations in urban areas, is expanding: Thousands of fast-charging stations will be installed in European and North American cities over the coming years. The Munich- and Dublin-based company announced this on May 9, 2023. By expanding ultra-fast charging infrastructure, JOLT aims to accelerate the transition to electric mobility and make a significant contribution to addressing the climate crisis.

JOLT is revolutionising ultra-fast EV charging in urban areas by combining charging stations with battery storage. JOLT stations delivering up to 320 kW can be connected to the existing low-voltage grid. Batteries integrated into the stations provide additional power for charging and make it possible to add enough electricity for up to 100 kilometres of range in just five minutes. With JOLT, cities and site partners can rapidly build fast-charging infrastructure without extensive construction work or additional grid upgrades.

The development of a comprehensive fast charging network is being made possible by the completion of a major funding round with InfraRed Capital Partners (InfraRed), a leading international infrastructure investment manager. InfraRed has invested €150 million in JOLT through a capital allocation to support the company's growth. JOLT was advised by financial adviser Nomura Greentech. The transaction closed on 5 May 2023.

Maurice Neligan, CEO of JOLT: “With InfraRed, JOLT has found a financing partner that supports the construction of pioneering infrastructure and paves the way for a decisive shift in electric mobility. Our ultra-fast charging stations with powerful battery storage are the missing link in accelerating the energy and transport transitions in cities. These charging systems are essential to enabling city residents to realise the full potential of electric vehicles.”

Stephane Kofman, Partner and Head of Capital Gain Funds at InfraRed: "Investment in fast EV charging infrastructure fits our approach to supporting a low-carbon future. InfraRed has many years of experience investing in renewable energy and batteries. With our investment in JOLT, we are focusing on a sector with attractive growth potential. Expanding the ultra-fast charging network will make it easier for people to adopt electric vehicles. We are proud to work with JOLT and do our part to decarbonize transport."

JOLT Energy, a leading charge point operator (CPO), was founded in 2018 and focuses on urban areas. Three out of four Europeans live in these areas, where they usually lack adequate EV charging options. The company's aim is to provide reliable ultra-fast charging for electric vehicle drivers in metropolitan areas over the coming years. Its first sites in German cities are already operational; another 100 are set to follow by the end of the year.

JOLT's charging stations are primarily installed in central, publicly accessible and busy urban locations, such as supermarket car parks. The company offers ultra-fast charging solutions with power of up to 320 kW, making its charging network one of the fastest on the market.

Thanks to integrated battery storage, JOLT charging stations can be connected to almost any low-voltage AC grid without major construction work, helping to stabilise the grid at regional level. JOLT is helping accelerate the transition to widespread electric mobility, achieve climate goals and reduce air and noise pollution in cities.

JOLT wants to work with both cities and commercial businesses such as supermarkets, restaurants and petrol stations to install charging stations in central locations for electric-vehicle drivers. These partnerships can make cities more attractive places to locate. Commercial site partners, in turn, have the opportunity to improve customer satisfaction and generate additional revenue.

JOLT Energy press contact: Martin Betzold, Head of Brand, Marketing & Communication. Email: martin.betzold@jolt.energy Phone: +49 (0) 174 3397 244 www.jolt.energy

InfraRed Capital Partners press contact: Matthew Thomlinson Email: IRCP@teneo.com Phone: +44 7785 5283 63 www.ircp.com

About JOLT Energy: Founded in 2018 and based in Dublin and Munich, charge point operator (CPO) JOLT Energy offers ultra-fast charging to drivers in European and North American cities. With charging power of up to 320 kW, JOLT's charging infrastructure can give vehicles enough electricity for around 200 km in just ten minutes. The company's core expertise lies in developing, financing and operating charging infrastructure at the interface between energy generation and distribution. JOLT works with various businesses, including petrol stations and supermarkets, to bring ultra-fast charging to city centres. JOLT charging stations have integrated battery storage, allowing them to connect to the standard low-voltage grid without extensive grid expansion. The JOLT charging network acts as an intelligent energy storage system that can balance renewable electricity supply and demand in real time, stabilise the grid and create additional revenue streams. Through this approach, the company not only meets customers' and partners' demand for ultra-fast charging, but also supports the global energy and mobility transition towards a sustainable, fully electric transport system.

About InfraRed Capital Partners InfraRed Capital Partners is an international infrastructure investment manager, with more than 190 professionals operating worldwide from offices in London, New York, Sydney and Seoul. Over the past 25 years, InfraRed has established itself as a highly successful developer and custodian of infrastructure assets that play a vital role in supporting communities. InfraRed manages US$14bn+ of equity capital1 for investors around the globe, in listed and private funds across both income and capital gain strategies.

A long-term sustainability-led mindset is integral to how InfraRed operates as it aims to achieve lasting, positive impacts and deliver on its vision of Creating Better Futures. InfraRed has been a signatory of the Principles of Responsible Investment since 2011 and has achieved the highest possible PRI rating2 for its infrastructure business for seven consecutive assessments, having secured a 5 star rating for the 2021 period. It is also a member of the Net Zero Asset Manager’s Initiative and is a TCFD supporter.

InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. InfraRed represents the infrastructure equity arm of SLC Management, which also incorporates BentallGreenOak, a global real estate investment management adviser, and Crescent Capital, a global alternative credit investment asset manager.

www.ircp.com 1 Data as at Q3 2022. Equity capital is calculated using a five-year average exchange rate. 2 Principles for Responsible Investment (“PRI”) ratings are based on adherence to a set of principles, including incorporating ESG issues into investment analysis, decision-making processes and ownership policies. More information is available at https://www.unpri.org/about-the-pri

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