Proviridis

About Proviridis

Established in 2012 by engineers Eric Ronco and Joseph Rode, Proviridis is a key player in the decarbonization of road transport in France. The company, headquartered in Rousset, focuses on developing and operating infrastructure for alternative fuels, addressing both environmental and economic considerations for its clients. Initially concentrating on Natural Gas for Vehicles (NGV), Proviridis has since evolved to embrace a multi-energy strategy.

The firm designs, builds, and operates private and public distribution stations for clean energy. Its business model revolves around two primary subsidiaries. V-GAS develops and manages a network of multi-energy service stations accessible 24/7, strategically located near major logistics hubs and industrial clients like Lafarge and Vicat. These stations initially focused on compressed natural gas (CNG) and liquified natural gas (LNG), but have progressively integrated BioGNV (biomethane), ultra-fast electric charging points, and hydrogen refueling. As of late 2023, the V-GAS network committed to supplying 100% bio-CNG, sourced entirely in France. The second subsidiary, Z-E-N (Zero Emission Network), launched in 2020, is dedicated to creating a national network of ultra-fast charging stations specifically for heavy-duty vehicles, complementing the V-GAS locations. Proviridis generates revenue through the sale of these clean energies and by providing turnkey infrastructure solutions for private fleet operators.

Proviridis has secured significant funding to fuel its expansion, including a €19 million round in 2019 from investors like Banque des Territoires and Demeter. This capital is driving an ambitious plan to operate 50 green stations by 2025. The company's growth is reflected in its revenue, which stood at €8 million in 2019 and was projected to reach €100 million by 2025. The Z-E-N network aims to deploy chargers up to 300kW and offers a dedicated mobile application for users to manage charging, and for partners to integrate their locations into the public network.