Milence said it has signed a financing agreement worth 120 million euros ($130 million) to support the expansion of its high-performance charging network for electric trucks across Europe.
The financing package was arranged through a consortium of investors and includes backing from the European Union’s InvestEU Fund, the company said. The consortium includes funds managed by Edmond de Rothschild Asset Management’s infrastructure debt platform BRIDGE, as well as Íslandsbanki, Invest-NL and Invest International.
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Milence was established as a joint venture between Daimler Truck, Traton and Volvo Group, which initially committed 500 million euros in equity funding to the company.
The latest financing represents Milence’s first funding transaction involving broader capital markets, although the agreement is expected to close in the third quarter of 2026, subject to customary conditions.
The company develops and operates charging infrastructure for heavy-duty battery-electric trucks along major European freight corridors. Milence currently operates 34 charging sites across eight European countries.
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Its latest charging hub recently opened near Kassel-Lohfelden in Germany, close to the A7 and A49 motorways. The company also recently tested its charging corridor during a 1,000-kilometre demonstration drive from Paris to Berlin using battery-electric trucks from its shareholders.
Milence said another 16 charging sites are under development, which would increase the total network to 50 locations. By the end of 2028, the company aims to operate 90 charging parks across Europe.
“This growing footprint contributes to the foundation for long-haul electric transport and positions the company as a leading player in the sector,” Milence said in a statement. “Milence will continue to ramp up hub deployment in the coming years, supporting the decarbonisation of road transport and contributing to European climate targets.”
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“We are very proud to support Milence in delivering essential infrastructure that enables zero-emission transport in Europe,” Shirley Chojnacki, Head of Energy at Edmond de Rothschild BRIDGE Platform, and Jean-Francis Dusch, CIO of BRIDGE, said in a joint statement. “The Company’s strong sponsor alignment with the leading European truck OEMs and first-mover advantage in dedicated commercial truck charging make it well positioned in the accelerating electrification of heavy-duty logistics.”
“Securing this €120 million facility marks an important step in scaling our network across Europe and reflects strong momentum in the market,” Anja van Niersen, Milence’s CEO, said in a statement. “Electric road freight is not only central to decarbonising transport, but also a key pillar of Europe’s energy transition and independence, reducing reliance on imported fossil fuels while strengthening resilience and competitiveness.”
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Wolfgang Brand, Milence’s CFO, said the financing demonstrated investor confidence in the company’s long-term strategy and in the role of charging infrastructure in supporting electric freight transport.
“The support from this strong group of international financing partners underlines confidence both in our strategy as well as in the critical role of charging infrastructure in enabling the transition to electric road freight,” Brand said. “This financing marks the company’s first access to the broader capital markets, strengthening our position for future capital raising.”