ELDRIVE : €40 million from EIB for 10,500 charging stations in Eastern Europe

“The European Investment Bank (EIB) announces a EUR 40 million financing for eMobility International AD (operating under the Eldrive brand), for the installation of more than 10,500 charging stations for electric cars in the Eldrive network, which currently includes three markets, Bulgaria, Romania and Lithuania, aiming to expand in Latvia as well,” reads a press release from Eldrive.

EIB financing is part of a broader investment package. It is worth over 170 million Euro and serves the development of the Eldrive network.

Greener land transport

The aim of this collaboration is to accelerate the development of electrification of land transport in Europe through the existence of infrastructure for electric vehicles with easily accessible charging stations.

The project supports several EU policies and contributes to the objectives of reducing the carbon footprint. More specifically, it helps to fulfill the “Green Deal”. It aims to reach one million public charging stations for electric vehicles by 2025.

At the same time, this project contributes to achieving the goal for the Sustainability and Mobility Strategy of having one million public charging stations by 2025 and three million by 2030.

About Eldrive and EIB

Eldrive is one of the main operators in Bulgaria, Romania and Lithuania, with an ever-expanding infrastructure of charging stations for electric vehicles. Eldrive has more than 800 charging stations in operation. The company also has ambitious projects for the future.

The European Investment Bank (EIB) is the EU’s lending institution.

The EIB is the largest multilateral financial institution in the world. It is also one of the most important financiers for climate-related projects.

eMobility Charging S.R.L. is the company representing eMobility International AD in Romania under the Eldrive brand. The company aims to become the most important player on the local electric vehicle charging market. How? By installing DC charging stations and by planning to cover the main cities and roads in Romania

Post a comment