GreenWay Secures €138 Million Green Debt Financing in First-of-Its-Kind EV Charging Deal for Central and Eastern Europe

GreenWay has secured up to €138 million in green debt financing from a consortium comprising Crédit Mutuel Arkéa, the European Bank for Reconstruction and Development with InvestEU support, ING Bank Śląski and mBank, marking the first debt financing of a pure-play electric vehicle charging operator in Central and Eastern Europe. The financing brings the total capital raised by GreenWay for electromobility development in the region to €258 million, including existing backing from infrastructure funds Generation Capital, Helios Energy Investments and Mirova. The capital will be used to expand GreenWay's market-leading position in Poland and improve the customer offering in Slovakia, Croatia and the broader CEE region, with the transaction comprising a refinancing facility, a capital expenditure facility and a working capital facility of €113 million alongside a €25 million uncommitted extension facility.

 

GreenWay's Market Position and Charging Network

 

GreenWay currently operates more than 5,800 charging points at more than 1,680 locations and claims registration of over 90 percent market share among electric vehicle drivers in each of its core markets. The company built 361 new high-power charging points at 62 new multi-charging hubs across Poland and Slovakia in 2025, with dedicated charging locations for electric trucks already under development and construction. GreenWay has established a fleet electrification ecosystem serving leading regional operators including InPost, Coca-Cola, IKEA, Holcim and Westfield, providing both private charging solutions at their facilities and access to the public charging network.

The company has a strong track record of first-mover financing achievements in the CEE EV charging sector, having been the first regional company to receive Connecting Europe Facility and Alternative Fuels Infrastructure Facility funds for public charging infrastructure in Slovakia in 2013 and Poland in 2016, the first to receive the InnovFin award and European Investment Bank financing in 2018 and a successful applicant in Polish National Fund for Environmental Protection and Water Management support programmes. This history of institutional financing milestones provides credibility for the current landmark debt transaction and demonstrates sustained confidence from European development finance institutions in the company's commercial model and growth trajectory.

 

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The Geopolitical and Market Context for EV Charging

 

The financing arrives as Europe faces its largest fossil fuel disruption in years, with the continent importing over 90 percent of the oil it consumes and nearly 50 percent of this directed to road transport. Each electric vehicle on the road reduces demand for imported oil and contributes to the energy security that has become a continental imperative in the context of recent geopolitical shocks. GreenWay frames its charging infrastructure expansion explicitly within this energy security narrative, positioning EV charging investment as a strategic contribution to reducing European oil import dependence rather than solely as a clean transport initiative.

The European EV market continues to grow rapidly, rising 19 percent in January and February 2026 alone. In Poland, the battery electric vehicle fleet grew by approximately 62 percent compared with April 2025 to reach 147,000 vehicles, while Slovakia's fleet grew by approximately 68 percent to nearly 28,500 vehicles. These growth rates underscore the commercial rationale for continued investment in charging infrastructure expansion in markets where the addressable vehicle fleet is doubling rapidly and charging network density remains a constraint on further EV adoption.

 

The Strategic Importance of Securing Debt Financing at Scale

 

GreenWay identifies securing financing for charging network expansion as one of the key competencies for charge point operators at this stage of market maturation, describing it as a prerequisite for achieving the economies of scale necessary to deliver high-quality services and user experience. The ability to access capital markets for debt financing at scale, rather than relying entirely on equity capital, reduces the cost of capital for infrastructure rollout and provides the financial foundation for the rapid network expansion that market growth demands. The first-of-its-kind nature of this transaction establishes a financing template that other CEE EV charging operators may seek to replicate as the market matures.

The involvement of the EBRD with InvestEU support alongside commercial banks from France and Poland reflects a blended finance structure that combines development bank credibility and concessional pricing with commercial bank participation, demonstrating that EV charging infrastructure has achieved sufficient financial maturity to attract mainstream debt capital in Central and Eastern Europe. This transition from grant and equity-dependent financing to commercial debt financing marks a significant stage in the commercial lifecycle of EV charging as an asset class in the region.

 

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Outlook for CEE Electromobility Infrastructure

 

GreenWay's landmark financing positions the company to accelerate network expansion across Poland, Slovakia, Croatia and the broader CEE region at a moment when EV fleet growth rates are among the strongest in Europe. The combination of rapidly growing EV fleets, supportive European regulatory frameworks for alternative fuels infrastructure and heightened energy security awareness following recent geopolitical disruptions creates structurally favourable conditions for continued investment in public charging infrastructure across the region. Operators with established networks, proven commercial models and access to institutional debt financing are well positioned to consolidate market leadership as competition intensifies.

Whether GreenWay can deploy the €138 million effectively to expand network density, improve service quality and develop electric truck charging infrastructure will determine its ability to maintain its dominant market position as EV penetration accelerates. Sustained execution would establish GreenWay as the defining EV charging platform for Central and Eastern Europe and demonstrate the commercial viability of large-scale debt financing for EV charging infrastructure in emerging European markets. The next phase of CEE electromobility development is likely to be shaped substantially by the network operators who can successfully access institutional capital at the scale needed to match the pace of EV fleet growth.

 

 

Source: GreenWay