The European Investment Bank (EIB) is providing up to 17.5
million euros in long-term venture debt financing to Joltie SA., a
Greek electric vehicle charging point operator, to accelerate the
roll-out of public charging infrastructure in Greece and Cyprus,
Trend
reports.
The operation is backed by the InvestEU programme and will
support the installation of around 2,200 new charging points until
2029. By expanding access to reliable charging infrastructure, the
project will help decarbonise road transport, reduce greenhouse gas
emissions and facilitate the transition to sustainable mobility in
cohesion regions.
The project is fully aligned with the InvestEU policy objective
of ‘Future Mobility’ under the Green Transition, as well as the
EIB’s Climate Bank Roadmap and Transport Lending Policy. The
investment will help address key market gaps, accelerate the uptake
of electric vehicles, and foster innovation in sustainable
transport. The operation supports the EIB core priorities in terms
of Climate Action, Cohesion and paving a Capital Market Unition,
and it is aligned with TechEU initiative addressing the needs of a
fast-growing company like Joltie.
EIB Vice-President Yannis Tsakiris, said: “The EIB is committed
to supporting the green transition and sustainable mobility in
Europe. Our partnership with Joltie will boost EV charging
infrastructure in Greece and Cyprus, helping to make electric
mobility more accessible and affordable. Backed by InvestEU, this
financing will catalyse private investment and strengthen local
capacity to deliver on our climate action objectives.”
Founded in 2022 and headquartered in Attica, Joltie combines the
manufacturing of charging equipment with the operation of its own
electric vehicle charging network. Since its inception, the company
has installed about one third of all charging points across Greece
and operates more than 500 chargers in Greece and Cyprus. With the
new EIB financing, Joltie will expand coverage to underserved
areas, including Greek islands and regional cities, and further
strengthen its position in Southeast Europe’s rapidly growing EV
market.
Joltie CEO said: “Electromobility is not the future—it is
already here. The EIB’s investment is an institutional recognition
of our fully integrated model and accelerates the development of a
high-availability charging network. Our goal: more choice and true
convenience for drivers in Greece and Cyprus, with technology
designed and manufactured here, contributing to a cleaner everyday
life.”
