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European Union

EIB Invests EUR17.5 Million Under InvestEU to Expand Electric Vehicle Charging Network in Greece and Cyprus

Strategic Insights

— 1 min read

The European Investment Bank (EIB) has provided up to EUR17.5 million in venture debt to Joltie SA, a Greek electric vehicle charging point operator, to accelerate the roll-out of public charging infrastructure in Greece and Cyprus. This operation is backed by the InvestEU programme and will support the installation of around 2,200 new charging points until 2029. The project aims to decarbonise road transport, reduce greenhouse gas emissions, and facilitate the transition to sustainable mobility in cohesion regions.

Key Takeaways:

  • The EIB invests up to EUR17.5 million in long-term venture debt financing to support the expansion of electric vehicle charging infrastructure in Greece and Cyprus.
  • The operation is backed by the InvestEU programme and will support the installation of around 2,200 new charging points until 2029.
  • The project contributes to EU climate goals, sustainable mobility, and economic cohesion in Southeast Europe.
  • The investment will help address key market gaps, accelerate the uptake of electric vehicles, and foster innovation in sustainable transport.
  • Joltie SA, a Greek electric vehicle charging point operator, will expand coverage to underserved areas, including Greek islands and regional cities.
  • The EIB's Climate Bank Roadmap and Transport Lending Policy are fully aligned with the project's objectives.
  • The operation supports the EIB's core priorities in Climate Action, Cohesion, and Capital Market Union, and is aligned with the TechEU initiative addressing the needs of fast-growing companies like Joltie.

Statistics:

  • EUR17.5 million in investment to support the expansion of electric vehicle charging infrastructure in Greece and Cyprus.
  • 2,200 new charging points to be installed in Greece and Cyprus until 2029.
  • 60% of the EIB Group's annual financing supports climate change mitigation, adaptation, and a healthier environment (2024 data).
  • EUR100 billion in new investment for Europe's energy security in 2024.
  • EUR110 billion in growth capital for startups, scale-ups, and European pioneers in 2024.
  • EUR372 billion in investment mobilised by the InvestEU programme during 2021-2027.

Sources:

  • EIB (2025) - "EIB invests EUR17.5 million under InvestEU to expand electric vehicle charging network in Greece and Cyprus."
  • European Union (2024) - "The InvestEU programme brings together EU financial tools to support investment, innovation and job creation."

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