Recharge

What Recharge does

Recharge is a Nordic Charge Point Operator (CPO) that builds, owns, and operates public electric vehicle charging infrastructure across Norway, Sweden, Finland, and Denmark. The company operates more than 4,500 charge points at over 800 locations, making it the largest rapid charging network in the Nordics, and serves approximately 300,000 charging sessions per month. Its technology stack spans basic AC charging (up to 43 kW) through fast DC (up to 50 kW) to ultra-fast charging (up to 400 kW) with 800V architecture support, integrated payment terminals, and a growing layer of battery-backed stations that provide grid flexibility and renewable integration in partnership with Sparkion.

The business model is anchored on usage-based per-kWh charging fees (€0.35-€0.49/kWh depending on power level), supplemented by two consumer subscription plans — Recharge Flow (€0.39/kWh, no monthly fee) and Recharge Move (€0.33/kWh + €4.99/month) — and a three-tier enterprise fleet product (FLEX, SMART, PRO) offering volume discounts, centralized billing, and a business portal. Distribution is hybrid: direct-to-consumer via mobile app, web portal, RFID charging key, and drop-in card/QR payments; indirect via roaming agreements with Electric Mobility Service Providers (Fortum Charge & Drive, Plugsurfing, Easypark, Elton); and site-hosted at commercial properties including McDonald's, IKEA, S-Group, Neste, OP Bank, and ABC stations.

Recharge is privately held and wholly owned by Infracapital, a British infrastructure fund. The company is structured as Recharge AS (Norway, parent) with wholly-owned subsidiaries in Sweden, Finland, and Denmark. It is ISO 9001 and ISO 14001 certified, GDPR-compliant, and in October 2024 closed a €180 million inaugural multi-currency green debt financing advised by RBC Capital Markets to fund continued network and smart-energy expansion. Recharge is repositioning itself from a pure charging operator toward a broader energy services company that monetizes grid flexibility alongside per-kWh utilization.

Name

Recharge

Legal name

Recharge AS

Website

https://rechargeinfra.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Recharge is the Nordic region's largest Charge Point Operator, running 4,500+ EV charge points at 800+ sites across Norway, Sweden, Finland, and Denmark, serving roughly 300,000 charging sessions monthly via per-kWh fees, subscriptions, and fleet contracts, and now extending into grid-flexibility energy services.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

akta.pro secondary industries

EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF), EV Charging Payment & Reimbursement Programs (Public/Depot Charging) (TLABAMAK)

Keywords

• Electric vehicle charging
• EV charging infrastructure
• Rapid charging network
• Ultra-fast charging
• Charge point operator

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Usage-based EV Charging Fees: Recharge charges EV drivers per kWh for charging sessions at their network of charging stations. Pricing varies by charging type: base charging (up to 43 kW) at 0.35 €/kWh, fast charging (up to 50 kW) at 0.40 €/kWh, and ultra-fast charging (up to 400 kW) at 0.49 €/kWh. Drop-in charging is available via QR code or payment card with no subscription required.
2. Subscription Plans (Flow and Move): Recharge offers subscription plans for frequent users: Recharge Flow at 0.39 €/kWh with no monthly fee, and Recharge Move at 0.33 €/kWh with 4.99 €/month subscription. These provide discounted rates compared to drop-in pricing.
3. Business/Corporate Accounts: Enterprise customers (businesses with EV fleets) can open corporate accounts with volume-based pricing tiers (FLEX, SMART, PRO) offering discounted kWh rates, monthly invoicing, and a business portal for usage tracking and management.
4. Roaming/EMP Network Access Fees: As a Charge Point Operator, Recharge provides access to its charging network to other Electric Mobility Service Providers (EMPs) such as Fortum Charge & Drive, Plugsurfing, Easypark, and Elton, who resell charging services to their customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Recharge builds, owns, and operates the Nordic region's largest open network of rapid and ultra-fast EV charging stations, spanning more than 4,500 charge points across 800+ locations in Norway, Sweden, Finland, and Denmark. The company delivers charging services to individual EV drivers (via app, RFID, QR code, and card payment) and to business fleet operators (via corporate accounts with volume-based pricing and a business portal), with stations ranging from basic AC (up to 43 kW) to ultra-fast chargers (up to 400 kW).

Product overview

Recharge is a Charge Point Operator (CPO) that builds, owns, and operates EV charging infrastructure across the Nordics. The company's core offering is its open charging network spanning Norway, Sweden, Finland, and Denmark with over 4,500 charge points at 800+ locations. The product portfolio includes: the Recharge App for mobile charging session management and station discovery; the Recharge Portal for business account management; the Recharge Charging Key (RFID) for subscription-based access; and Drop-in Charging for ad-hoc users via QR code or card. Two subscription plans—Recharge Flow (€0.39/kWh, no monthly fee) and Recharge Move (€0.33/kWh, €4.99/month)—cater to occasional and frequent EV drivers respectively. The network supports multiple power levels from basic AC charging (up to 43 kW) to ultra-fast charging (up to 400 kW). Recharge offers its network to EMPs (mobility service providers) while also serving end customers directly through its open network model.

Differentiator

Problem solved

Functional benefit

Products and services

• Recharge Charging Network The Nordic EV charging infrastructure of over 4,500 charge points at 800+ locations across Norway, Sweden, Finland, and Denmark, offering basic charging (up to 43 kW), fast charging (50-150 kW), and ultra-fast charging (up to 400 kW) for individual drivers, business fleets, and partner EMPs.
• Recharge App Mobile application for iOS and Android that allows EV drivers to locate charging stations, manage charging sessions, process payments, and access account features across the Nordic charging network.
• Recharge Charging Key (RFID)
• Recharge Business Portal
• Recharge Business/Corporate Accounts
• Battery-Backed Charging Stations with Grid Support Charging stations integrated with battery storage and energy management systems that store energy, support the power grid through flexibility services to network operators, and enable charging in locations with limited grid capacity.

Quantifiable outcome

• Nearly 300,000 EVs charge at Recharge stations monthly
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered strategic, core and minor.

• SparkionstrategicTechnology or Integration · 16 January 2024Strategic partnership for energy management services at charging stations. Sparkion delivers AI-powered energy management platform enabling Recharge to utilize battery storage at charging locations, provide grid flexibility services to network operators, and install solar panels for renewable energy integration. First implementations planned for selected Swedish stations in 2024.
• Fortum Charge & DrivecoreChannel Partner/ Reseller/ DistributorEMP (Electric Mobility Service Provider) partner offering charging services through Recharge's open network. Fortum resells access to Recharge's charging infrastructure to their customer base.
• PlugsurfingcoreChannel Partner/ Reseller/ DistributorEMP partner providing roaming access to Recharge's network. Plugsurfing aggregates charging networks across Europe for EV drivers.
• EasyparkcoreChannel Partner/ Reseller/ DistributorEMP partner enabling their customers to charge at Recharge stations as part of Easypark's parking and charging services.
• EltonminorChannel Partner/ Reseller/ DistributorEMP partner offering charging access through Recharge's network as part of their mobility services.
• DNV (DNV Business Assurance)minorOthersProvided Second Party Opinion for Recharge's Green Financing Framework, validating the green bond principles compliance.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• IONITY: European ultra-fast HPC (high-power charging) joint venture of BMW, Mercedes, VW, Hyundai and others operating a pay-as-you-go network across Europe. Directly comparable to Recharge on ultra-fast charging positioning, with similar 350-400 kW power levels and pan-regional coverage.
• Tesla Supercharger: Tesla's proprietary ultra-fast charging network, now opening to non-Tesla EVs across Europe. Closest comparable on speed (250 kW+) and on the Nordic footprint where Superchargers are densely deployed in Norway, Sweden, Finland and Denmark.
• Mer (Eviny / MerConnect): Leading Norwegian EV charging operator (formerly Eviny/Grønn Kontakt) with thousands of public charge points across Norway, Sweden, Denmark and growing fast-charging coverage. Closest direct Nordic competitor to Recharge on rapid charging scale and home market overlap.
• Vattenfall InCharge: Swedish state-backed utility's public EV charging network with rapid and ultra-fast chargers across the Nordics (especially Sweden). Comparable business model mixing open-network CPMS with utility-grade capital and grid-services integration.
• Fortum Charge & Drive: Finnish utility Fortum's EV charging network spanning the Nordics. Notable as both a roaming EMP partner of Recharge and a competing CPO with overlapping footprint in Finland, Sweden and Norway.
• Allego: European public-fast-charging operator with pan-European HPC and ultra-fast locations. Comparable on premium network positioning, open-network CPMS architecture and cross-border European roaming.
• St1: Nordic energy company operating high-power charging at its service-station locations in Sweden, Finland and Norway. Direct competitor in ultra-fast highway charging with similar fuel-station co-location strategy.
• Circle K / Recharge Stations: Major Nordic fuel-station retailer that has rolled out its own high-power EV chargers across Norway, Sweden, Finland and Denmark. Competitor for the same highway and urban real estate Recharge targets through its retail-host partnerships.

Emerging players

• Plugsurfing: Europe-wide EV charging roaming platform and EMP that aggregates networks including Recharge. Comparable as both a channel partner and a partial competitor in the EMP/app layer driving session volumes across European chargers.

Broad incumbents

• ChargePoint: Large US-listed EV charging network operator with a broad portfolio across AC workplace, DC fast and HPC, plus CPMS software. Useful comparable for the software/CPMS and open-network dimensions of Recharge's business outside its own Nordic hardware footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights8 records

Customer concentration

• Facebookfacebook.com/rechargeinfra.no
• LinkedInlinkedin.com/company/rechargeinfra
• Instagraminstagram.com/recharge.norge

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recharge