Eleport, the operator of a network of charging stations for electric vehicles operating in Central and Eastern Europe, has secured a loan of EUR 35 million from the European Investment Bank (EIB), with the support of the InvestEU program. These funds will finance the expansion of the hub network of fast charging stations with multiple connections in the region. The EIB loan will enable the installation of more than 250 new high-speed filling stations in commercial and business locations in Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Slovenia and Croatia. Each location will have up to 12 connections with a power of up to 400 kW per connection.
Electric Amber Road
Eleport currently operates more than 400 fast charging stations (DC) in Estonia, Latvia, Lithuania, Poland, Slovenia and Croatia. In these countries, the company is building the “Electric Amber Road”, a network of filling stations inspired by the historical Amber Road that connected the Baltic to the Adriatic. The network is designed to provide electric vehicle drivers with comfortable cross-border journeys using a single app and a reliable charging user experience.
“Expanding fast charging infrastructure is key to accelerating the transition to electric mobility and reducing emissions from road transport,” said EIB Vice President Karl Nehammer. “This collaboration demonstrates how we can provide innovative, long-term financing to high-growth businesses that deliver sustainable, high-impact infrastructure.”
The loan agreement of the European Investment Bank is supported by the InvestEU program, which aims to stimulate more than 372 billion euros of additional investments in the period from 2021 to 2027. The InvestEU program mobilizes investments for European Union priorities, including green transition, competitiveness, innovation and sustainable infrastructure.