Virta recognised for fifth consecutive year on Financial Times FT 1000 Europe’s fastest growing companies list

Virta has once again secured its position among Europe's fastest-growing companies, marking its fifth consecutive year on the Financial Times FT 1000 list and its second consecutive year on the TechTour50 list highlighting the company's exceptional growth and innovation within the European tech sector. 

The Financial Times, in collaboration with data provider Statista, published its eighth edition of the FT 1000 Europe’s Fastest Growing Companies list on 1st of March 2024. This ranking identifies companies that have achieved the highest compound annual growth rate (CAGR) in revenue between 2019 and 2022.   

According to Statista’s Jannis Plachetka, "Virta's inclusion in the FT 1000 – Europe’s Fastest Growing Companies ranking for the fifth consecutive year is a remarkable testament to their sustained growth. With only 49 companies out of 1000 achieving this feat, Virta's consistency sets them apart. Virta is also the only electric vehicle charging company with consecutive years on the list.” 

From 2016 to 2023, Virta has achieved an impressive CAGR of 97%, demonstrating consistent growth trajectory. Preliminary unaudited financials for 2023 indicate continued acceleration, with 96% annual revenue growth to €78m.

In addition to its recognition on the FT 1000 list, Virta secured a coveted spot on the European venture capital investors’ TechTour Growth50 List for the second consecutive year. The prestigious list, published on January 19th, showcases Europe's most promising tech companies poised for substantial growth and potential unicorn status. 

“This year's Tech Tour Growth50 List is a clear indication of the strength and diversity of Europe's tech sector. It showcases the innovation, ambitious spirit, and fantastic growing successes of Europe's most promising tech companies”, says Daniel Kahn, Red Bridge, President, Tech Tour Growth 50 Europe 2024 

Virta was voted among the top 15 sustainability tech companies by the selection panel of over 90 top-level investors. In the past the list has featured such companies as Spotify and iZettle.

Jussi Palola, CEO of Virta, underscores Virta's collaborative approach with platform customers:

"Our performance is achieved together with our professional platform customers in Europe and Asia. Financial Times ranking indicates that EV transition is proceeding really fast. Now together our operations replace over 10 million litres of fossil fuels on monthly basis." 

As the company looks ahead, Palola emphasises Virta's commitment to leveraging its network and patented energy management technologies to accelerate the transition to a global renewables-based energy system."