Allego operates one of the largest pan-European public EV charging networks, with more than 33,500 charging ports across more than 13,600 locations in 16 countries. Allego builds, owns, and operates fast and ultra-fast charging stations that work with any EV brand or type. Allego's business has two components. First, Allego directly owns and operates public charging sites, earning revenue from charging sessions paid by EV drivers per kWh delivered. This segment is capital-intensive but carries the highest margins. Allego uses its proprietary Allamo software, which analyzes over 100 factors, to select high-traffic sites and maximize utilization — the key driver of profitability on a largely fixed cost base. Electricity is the main variable cost, which Allego manages through renewable energy contracts and can pass through to drivers. Second, Allego provides B2B services to fleet operators, corporations, municipalities, and real estate owners, covering site design, installation, and ongoing operations and maintenance. These contracts average around 5 years and generate recurring, lower-capital revenue. Allego is backed by Meridiam, a long-term infrastructure investor, which has committed up to €310M in convertible bond financing to fund network expansion, with a first tranche of €150M issued in late 2024. Allego's growth strategy focuses on expanding its owned ultra-fast charging network, which it views as the most attractive part of the value chain. The company is headquartered in Arnhem, Netherlands.
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