€35 Million EIB Financing to Expand Ultra-Fast EV Charging Across Central and Eastern Europe

A significant expansion of electric-vehicle charging infrastructure is set to take place across Central and Eastern Europe following a new €35 million financing agreement between the European Investment Bank and charging-network operator Eleport.

The funding will support the rollout of more than 250 ultra-fast charging hubs across eight countries: Croatia, Czechia, Estonia, Latvia, Lithuania, Poland, Slovakia and Slovenia. The new installations will primarily be located at major commercial and retail destinations, allowing drivers to recharge while shopping or attending daily activities.

Image source: Eleport

Each hub is designed to host multiple charging points, with up to 12 plugs per site and individual charging capacity reaching as high as 400 kilowatts. This level of output significantly reduces charging times and is aimed at improving convenience for long-distance and cross-border travel.

Founded in Tallinn, Eleport has rapidly grown its presence in the region and currently operates more than 400 direct-current fast-charging points. The company plans to complete the new expansion programme by 2028.

The investment supports European Union objectives to decarbonise road transport and promote balanced regional development. The financing structure reflects the EIB’s role in backing high-growth infrastructure providers at earlier stages, enabled by guarantees from the InvestEU initiative.

According to EIB Vice-President Karl Nehammer, expanding fast-charging networks is a critical requirement for accelerating the adoption of electric vehicles and lowering transport-related emissions.

Eleport is also developing what it refers to as the “Electric Amber Road” — a cross-border charging corridor inspired by historic trade routes connecting the Baltic and Adriatic regions. Once completed, the network will allow drivers to access charging services across multiple countries through a single mobile application.

The InvestEU programme, which backs the loan, aims to stimulate €372 billion in additional investment across Europe between 2021 and 2027, with a focus on the green transition, innovation, and sustainable infrastructure.

Source: European Investment Bank

Additional information: eleport.com

About EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

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About InvestEU programme

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. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

About Eleport

Eleport is active in six countries - Estonia, Latvia, Lithuania, Poland, Slovenia, and Croatia - operates 400 fast charging points (DCs) and is expanding. The company has secured or is negotiating more than 1,000 additional charging points slated for deployment between 2026 and 2028. Backed by international investors and known for its emphasis on premium locations, Eleport has a mission to make electric mobility simple, reliable and accessible throughout Europe.