A new €35 million financing agreement between the European Investment Bank (EIB) and Eleport, an electric vehicle (EV) charging-network operator, aims to significantly expand electric vehicle charging infrastructure across Central and Eastern Europe. This investment will support the rollout of over 250 ultra-fast charging hubs in eight countries: Croatia, Czechia, Estonia, Latvia, Lithuania, Poland, Slovakia, and Slovenia.
Accelerating EV Adoption in Central and Eastern Europe
EV charging expansion,these new charging stations will primarily be located at commercial and retail destinations, allowing drivers to recharge their vehicles while shopping or attending daily activities. Each hub will feature up to 12 charging plugs, with an impressive charging capacity of up to 400 kilowatts, which will drastically reduce charging times and enhance convenience for both long-distance and cross-border travel.
Eleport’s Growing Network
EV charging expansion,Founded in Tallinn, Eleport has quickly become a key player in the region’s EV charging infrastructure. The company currently operates over 400 direct-current fast-charging points and plans to deploy more than 1,000 additional charging points by 2028. This expansion is in line with the EU’s goal to decarbonize road transport and promote sustainable development across Europe.
EIB’s Support for Green Infrastructure
The EIB’s investment is part of its wider strategy to promote green transition and sustainable infrastructure in Europe. According to EIB Vice-President Karl Nehammer, expanding fast-charging networks is essential for encouraging the adoption of electric vehicles and cutting transport-related emissions.
EV charging expansion,Eleport is also working on an ambitious project known as the “Electric Amber Road,” which will create a cross-border charging corridor inspired by historic trade routes connecting the Baltic and Adriatic regions. Once completed, this network will enable drivers to access charging services across multiple countries through a single mobile app.
Supporting EU’s Green Transition
The InvestEU programme, which is backing this financing, aims to stimulate €372 billion in additional investment across Europe by 2027, focusing on sustainable projects that align with the European Green Deal. The funding provided by the InvestEU initiative is expected to play a key role in achieving climate targets while enhancing economic growth in the region.
