For over a decade, Zaptec has been a proud part of Valinor’s portfolio, and it is with a heavy heart that we now exit Zaptec, said Pål Selboe Valseth, CEO of Valinor.
Valinor has sold its entire position in Zaptec, consisting of 10.4 million shares, equivalent to an 11.88% stake, for over 200 MNOK
Valinor has been with Zaptec since its inception, even before the company pivoted to focus on electric vehicle (EV) charging. In its early days, Zaptec was focused on developing ultra-compact transformers intended to make significant impacts across various sectors. Valinor takes pride in having supported the founders throughout their journey, transitioning from general power technology to becoming Europe’s leading supplier of home EV charging stations.
“For over a decade, Zaptec has been a proud part of Valinor’s portfolio, and it is with a heavy heart that we now exit Zaptec,” said Pål Selboe Valseth, CEO of Valinor. “We remain fully confident in the market, but as an early-stage investor, we have other projects we wish to pursue,” Valseth concluded.