TotalEnergies and Tikehau Capital have formed a 50/50 joint investment platform to accelerate the rollout of urban public electric vehicle charging in Belgium and the Netherlands. The platform will target projects currently under construction or operation in major cities such as Brussels, Antwerp, Amsterdam and Rotterdam, and will bid for new municipal tenders over the next five years. TotalEnergies brings technical expertise in site development, station operation and maintenance, while Tikehau provides funding commitments and risk-sharing capacity to scale installations rapidly.

As the market leader in Belgium, TotalEnergies currently operates more than 9,500 charge points nationwide, and is among the top three providers in the Netherlands with over 18,000 points. The new platform will leverage these existing assets to negotiate favorable grid connections and streamline permitting processes, reducing time to service by an estimated 25%. All stations in the platform will be powered by certified renewable electricity under long-term supply agreements, supporting local decarbonization targets and improving regulatory compliance.

By partnering with Tikehau Capital, TotalEnergies strengthens its balance sheet for capital-intensive charging infrastructure while mitigating deployment risk through co-investment. The expanded network is expected to generate mid‐teens percentage returns on capital employed once projects reach commercial operation, driven by usage fees and subscription revenues from fleet operators and municipalities. With urban EV registrations in Benelux cities growing at over 35% year-on-year, investors can anticipate accelerated volume growth and improved utilization rates across the platform’s assets.