The European Investment Bank (EIB) said on Monday it will provide €17.5 million in venture debt financing to Greek electric vehicle charge point operator Joltie, backed by the InvestEU programme, to fund the deployment of about 2,200 chargers in Greece and Cyprus by 2029.
Founded in 2022, Joltie differs from many European charge point operators by manufacturing its own branded charging hardware and managing its own network. The company currently operates more than 500 chargers across both countries and accounts for roughly a third of all installed charging points in Greece. The new funding will allow expansion into underserved regions, including regional cities and islands with limited charging access.
Joltie’s parent company Eunice Energy manufactures the charging equipment in Greece, ranging from home wall boxes and three-phase AC chargers to dual-port fast chargers delivering up to 240 kW. The company has not disclosed whether the new investment will prioritise fast DC charging or AC street-level installations.
“The EIB is committed to supporting the green transition and sustainable mobility in Europe,” said EIB Vice-President Yannis Tsakiris. “Our partnership with Joltie will boost EV charging infrastructure in Greece and Cyprus, helping to make electric mobility more accessible and affordable. Backed by InvestEU, this financing will catalyse private investment and strengthen local capacity to deliver on our climate action objectives.”
Joltie CEO George Pechlivanoglou said: “Electromobility is not the future—it is already here. The EIB’s investment is an institutional recognition of our fully integrated model and accelerates the development of a high-availability charging network.”
