Mirova injects €50 million in charging specialist GreenWay

Charge point operator GreenWay has raised more than €50 million from French energy investment company Mirova in a new round of financing. That makes the new investor the largest shareholder of Polish GreenWay Holding.

According to an accompanying statement, GreenWay was deliberately looking for an investor “who could provide strong, long-term support” to back the company’s charging network activities, which are focused primarily on Central and Eastern Europe. The reason is said to be the “challenging market conditions.” With Mirova, a renowned investor in the industry is now coming on board. The French company has already backed companies such as Driveco, Zunder, Jet Charge and NEoT Green Mobility.

In the case of GreenWay, Mirova is joining existing shareholders Janom Investment, Generation Capital, Helios Energy Investment Funds and Neulogy Ventures. Its founders and managers also have a stake in the company. GreenWay operates mainly fast and HPC charging stations in Poland and Slovakia as an E-Mobility Provider (EMP). The company also offers charging services as a CPO and operates infrastructure for brands and OEMs such as Ikea, Żabka, InPost, Mercedes and Kia. At the end of 2023, the company already announced its intention to expand into Croatia. In addition, GreenWay is participating in the EU project Cross-E to install 911 HPC charging points in eight EU countries with partners.

“Support from Mirova will enable GreenWay to continue its ambitious plans to expand the charging network in the CEE region and provide the highest quality of services,” emphasises Rafał Czyżewskl, CEO of GreenWay. “Additionally, it serves as an impulse for further improvements in GreenWay’s operations, aimed at building the potential for continued growth. Personally, it is a great satisfaction to see that many years of hard work by the entire GreenWay team are leading to the acquisition of a new and strong investor, despite challenging market conditions.”

“We are pleased to be partnering with GreenWay to support the shift to low-carbon mobility in Central Europe. GreenWay’s solid track record and history align well with our strategy to support leading pure players with demonstrated operational excellence and a deep market understanding,” adds Witold Marais, Mirova’s Director of Investments.

mirova.com