Koch announces strategic partnership with EVBox Group, the industry leader in EV charging solutions

11 February 2021

Koch Strategic Platforms ("KSP"), a subsidiary of Koch Investments, today entered into a strategic partnership with EVBox, a pioneer in developing charging station solutions for electric vehicles ("EV") announced. KSP is a newly formed company evaluating growth opportunities and investments in companies operating in the new economy. KSP aims to be the partner of choice beyond capital investments by leveraging Koch Industries' resources and capabilities. Not only by creating new platforms for Koch, but also accelerating the growth of the companies in which the company invests.

EVBox was founded in the Netherlands, has offices in Europe and North America and recently completed a business combination with TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U , TPGY, TPGY WS), which will result in the company being listed on the New York Stock Exchange with growth capital available for further expansion. Koch Investments is participating in this transaction as an investor in TPG Pace's unrestricted PIPE transaction, which will provide EVBox with additional growth capital to expand the company's global reach.

As part of the partnership, KSP will support EVBox in further expanding its business across North America. KSP and EVBox will explore ways in which Koch companies' leading market positions can be used to accelerate EVBox's growth in the US and around the world. The two companies plan to work together on issues such as the integration of software and hardware technology, project management, workflow optimization, and sales and marketing domestically.

In addition, the companies will evaluate charging station installations at various Koch company locations around the world. Koch Industries is  the largest privately held company in North America, according to Forbes , with sales of more than $ 115 billion and more than 122,000 employees worldwide .

"Koch is very pleased to invest in EVBox and to work with him on further growth based on the strong momentum," said Steve Feilmeier , President of Koch Investments. "EVBox has been a leading global provider of charging strategies and charging strategies for over a decade solutions and has delivered more than 200,000 charging stations to customers in 70 countries. With its market-leading software platform with flexible architecture tailored to the needs of a wide range of customer segments, EVBox is an ideal candidate for rapid expansion in the US . "

“We are positioning EVBox to expand worldwide, and this partnership with KSP provides us with tremendous insight and strategic growth opportunities to bring our market-leading charging solutions to the US and beyond . At the same time, we are empowering KSP to accelerate transformative energy solutions for consumers around the world, said Kristof Vereenooghe, President and CEO of EVBox Group. “Our shared focus on developing innovative products and services that improve life and consume fewer resources, as well as TPG Pace's many years of experience in supporting high-growth ESG companies, will put EVBox in the ideal position to do so with the global rollout of Electric vehicles to accelerate its growth strategy. "

"The world continues to change significantly, and technology and innovation influence everything we do," said David Park , president of Koch Strategic Platforms Energy transition area. "

The strategic partnership with EVBox represents an evolving relationship between Koch Investments and TPG Pace. Koch Investments also participated in the most recent TPG Pace transaction with Nerdy (NYSE: PACE ), the leading, direct-to-consumer, independent platform for Live e-learning that benefits both learners and experts.

Information on Koch Strategic Platforms

KSP has offices in Atlanta and Wichita and aims to be the investment partner of choice for growth, strategic companies innovating in the "new economy" industries. Founded in 2020, KSP's team pursues public and private investments with companies where long-term mutual benefit can be achieved.

Information about the EVBox Group

The EVBox Group was founded in 2010 and supports future-oriented companies in building a sustainable future by providing flexible and scalable charging solutions for electric vehicles. With its extensive portfolio of commercial and ultra-fast EVBox charging stations, as well as the scalable charging management software developed by Everon, the EVBox Group ensures that electric mobility is accessible to everyone.

The EVBox Group is a leader in research and development and operates facilities in Europe and North America developing breakthrough charging technology for electric vehicles. Furthermore, the EVBox Group has offices around the world including Amsterdam , Bordeaux , Munich and Chicago and a strong position in dozens of markets and is committed to making the future of transportation as sustainable as possible.

In 2021, the EVBox Group will be listed on the New York Stock Exchange through a business combination with TPG Pace Beneficial Finance (NYSE: TPGY ) and initial investors BlackRock, Inclusive Capital, Neuberger Berman Funds and Wellington Management.

Information on TPG Pace Group and TPG Pace Beneficial Finance

The TPG Pace Group is TPG's dedicated permanent capital platform. The TPG Pace Group has a longstanding, patient and highly flexible group of investors that enables it to look for compelling opportunities that promise success in the public markets. The TPG Pace Group has sponsored five special purpose vehicles ("SPACs") since 2015 and raised more than $ 3 billion.

TPG Pace Beneficial Finance raised $ 350 million in IPO in October 2020 to find a merger company that has attractive business foundations with or with the potential for strong environmental, social and governance ("ESG") principles and practices You can find more information at  https://www.tpg.com/pace-beneficial-finance .

 

Source: prnewswire.com