Ekoenergetyka in Poland has raised PLN 741m ($182m) to boost its automated EV charger manufacturing lines.
The funding comes from a consortium led by Bank Pekao to finance the company’s growth into electric car and truck EV charger systems with sustainability conditions.
Ekoenergetyka launched a new production line this month, which will improve efficiency and product quality. The company plans to further automate the line, introducing industrial robots for some elements of the production process. The investment is part of a strategic plan to increase production capacity and meet the growing demand for chargers across Europe.
- Polish deals for EV chargers in Germany, UK
Ekoenergetyka has 20 percent of the market for urban bus charging stations in Europe, is now focused on increasing its market share in electric car and truck charging. The company recently launched new charging stations, the Axon Easy 400kW and Axon Side 360kW with SAT400 satellites, designed for the hubs of major European charge point operators (CPOs).
Ekoenergetyka has already completed the first deliveries of these products for customers including Ionity and Orlen Deutschland, and has won further contracts for significant operators in Europe. The company has been working with CPOs including Portugal’s Powerdot for several years, and its products can be found in the parking lots of many supermarkets in Poland.
“This financing will provide us with the opportunity for further dynamic development both in the area of international expansion across Europe and for our ambitious investment plans,” said Bartosz Kubik, co-founder and CEO of Ekoenergetyka.
The loan agreement provides for the possibility of structuring the financing in the first year as a Sustainability Linked Loan (SLL), which makes the cost of the loan contingent on meeting targets for sustainability indicators.
“Electromobility is our future, and an important factor in its dynamic development is the emergence of adequate infrastructure,” says Magdalena Zmitrowicz, deputy CEO of Bank Pekao. “We are very pleased that Bank Pekao can contribute to this development by financing a company that has a significant impact on shaping the market for electric vehicle chargers. Importantly, not only the investment objective itself, but also the financing fits into the criteria of sustainable development, as the terms of the loan are linked to the implementation of ESG goals.”
The company was founded in 2009 and grew out of an academic research project. The company’s international expansion is backed by Enterprise Investors, a leading Central European private equity fund, which took a significant minority stake in 2022 in a €50m deal.
Leave a comment