Ekoenergetyka secures loan of 170 million euros

The Polish charging station manufacturer Ekoenergetyka has signed a loan agreement with Bank Pekao for 741 million zlotys (around 170 million euros). The loan will be used to finance the company's further growth.

Image: Ekoenergetyka

Ekoenergetyka will initially receive 691 million zlotys in funding, with a further 50 million zlotys to be made available if certain conditions are met. Bank Pekao will act as lead manager and representative of the consortium and will select additional members in cooperation with the company.

Ekoenergetyka commissioned a new production line just this month to improve efficiency and product quality. As reported, this will increase output by 50 chargers per shift. The company plans to further automate the line and utilise 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.

“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,” says Bartosz Kubik, co-founder and CEO of Ekoenergetyka.

The loan agreement provides for the possibility of structuring the financing as a Sustainability Linked Loan (SLL) in the first year, making the cost of the loan dependent on the fulfilment of sustainability indicators.

“Electromobility is our future, and an important factor in its dynamic development is the emergence of adequate infrastructure,” added 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.”

Ekoenergetyka, which is already established in the market for electric bus charging solutions, wants to focus on increasing its market share in charging electric cars and trucks in the future. The company has also recently launched new charging stations, such as the Axon Easy 400kW and the Axon Side 360kW with SAT400 satellites.

Ekoenergetyka states that it has already completed the first deliveries of these products for customers such as Ionity and Orlen Germany and has received further contracts for operators in Europe.

Founded in 2009, Ekoenergetyka grew out of an academic research project and now employs more than 1,000 people. The company’s international expansion is supported by Enterprise Investors, a leading Central European private equity fund, which acquired a minority stake in 2022.

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