Alterra has backed General Atlantic’s investment in Wireless Logic, as Middle East investors continue deploying capital despite ongoing regional conflict.

Wireless Logic provides Internet of Things connectivity infrastructure, enabling applications such as electric vehicle charging and smart metering, which support emissions reduction.

The transaction aims to support the company’s next phase of global growth, reinforcing investor conviction in digital infrastructure linked to climate transition themes.

The deal comes amid continued geopolitical tensions in the Middle East, yet investment activity across the region has remained resilient.

“ALTÉRRA represents a strategically aligned partner for us in this investment, reflecting a shared conviction in the long-term value creation potential of scalable technologies within the energy transition,” said Gabriel Caillaux, Co-President and Global Head of Climate at General Atlantic. “The addition of ALTÉRRA to its investor base should stand to accelerate its growth trajectory.”

Alterra, backed by a $30bn commitment from the United Arab Emirates, is positioning itself as a major global climate investor, with ambitions to mobilise $250bn by the end of the decade.

The investment also reflects broader private equity activity in the region, where firms and sovereign-backed vehicles continue to pursue deals across technology, energy, and infrastructure.

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