IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with the CEO of Allego N.V. (NYSE: ALLG) on Tuesday, July 12 at 12pm ET to discuss the European EV charging market, charging needs in the U.S. vs. Europe, the competitive landscape, Allego’s recent stock listing and M&A opportunities. The live event featured Allego CEO Mathieu Bonnet joined by IPO Edge Editor-in-Chief John Jannarone in a moderated video session lasting approximately 60 minutes including a Q&A with the audience.
Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with the largest pan-European public EV fast-charging network spanning 15 countries with >$100mm of revenues, and the only scale player with a positive operational EBITDA. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.
Mr. Bonnet discussed:
- Robust industry tailwinds in Europe as EV penetration is significantly higher vs. the US
- Competitive strengths and scale of Allego’s pan-European operations
- Unique proprietary technological advantages
- Strong visibility owing to the secured backlog
- High returns (without subsidies)
- Blue-Chip Partnerships
- Multiple sources of funding
- The European EV charging market vs. the U.S. market
- The competitive landscape and Allego’s strategic advantages
- M&A and organic growth opportunities
- The recent U.S. share listing
- The current inflationary environment
About Mr. Bonnet:
Mathieu Bonnet joined Allego in 2019 as Chief Executive Officer. Before Allego, he founded a group of energy companies including E6, a European energy management platform for renewable energy. Mr. Bonnet also served as Chief Executive Officer of Compagnie Nationale du Rhone (“CNR”), the second biggest hydro company in France. Prior to CNR, he worked for Electrabel in Belgium, where he was in charge of outage management, and the Ministry of Industry, where he was in charge of implementing programs for small-and-medium-size enterprise development in the Provence region. Additionally, he spent several years in the United States, working on commercial bilateral issues between the United States and France and leading programs to sustain French exports in the United States. Mr. Bonnet graduated from Ecole Polytechnique in 1993, where he ranked first in mathematics, and Ecole des Mines de Paris in 1996. He also holds a Masters of Nuclear Engineering from the Université catholique de Louvain.