The European Investment Bank (EIB) will support Be Charge in expanding charging infrastructure for EVs throughout Italy. The parties signed a 25-million-euro loan facility for a period of 10 years in Rome.
Be Charge is developing a large public charging infrastructure network for electric vehicles in Italy. So far, over 1,000 recharging points have already been installed, with over 5,000 more ready for installation. Be Charge aims to install 30,000 charge points, featuring both 22kW AC charging, and DC charging up to 300kW.
“The EIB loan highlights the success of an integrated business model that captures opportunities linked to the worldwide trend of electrification of mobility, which will play a fundamental role in the progressive decarbonisation of our economy”, said Paolo Amato, Chairman of Be Power SpA, before adding that this was “a development opportunity that the entire country should take up.”
The project is also receiving support from both the European Commission, as well as the NER 300 programme.
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