EIB loan facilitates EV charging expansion in Europe

“This operation demonstrates how we can provide innovative, long‑term financing to fast‑growing companies delivering high‑impact sustainable infrastructure.”

Eleport already operates more than 400 fast charging points (DCs) in six countries – Estonia, Latvia, Lithuania, Poland, Slovenia, and Croatia and is building an “Electric Amber Road” – a network inspired by the ancient trade routes known as the Amber Road that connected the Baltic and Adriatic coasts. The project will allow cross-border drivers to use a single app for fast charging along the whole network.

“This EIB loan is an important step in expanding reliable, high-quality charging infrastructure across Central and Eastern Europe,” said Eleport chief executive officer Jakub Miler. “Our goal is for electric-vehicle drivers to be able to stop where they already need to be, plug in briefly and move on with their day.”

The project is fully aligned with EU climate goals, classified by the EIB as 100 per cent climate action and environmental sustainability.

The EIB loan agreement is backed by the InvestEU programme, which aims to trigger more than €372bn in additional investment between 2021 and 2027. The InvestEU programme mobilises investment for EU policy priorities like the green transition, competitiveness, innovation and sustainable infrastructure.

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition.