€17.5m for EV charging in Greece and Cyprus
Founded in 2022, Joltie is unusual among many European charge point operators in that it manufactures its own branded charging hardware and runs its own network. Currently, it accounts for roughly a third of all installed charging points in Greece and operates more than 500 chargers across both countries. Using the EIB loan, Joltie now hopes to expand coverage into underserved areas including regional cities and islands where charging access is limited.
According to its website, Joltie offers both public and semi-public charging solutions which are built in Greece by Eunice Energy, Joltie’s parent company. The charging towers it sells run the full gamut of energy provision, from three-phase AC chargers and home wall boxes to dual port fast-chargers running up to 240kW of power. It’s not clear how these will be distributed using the new funding, or whether DC fast charging will be prioritised over street AC.
EIB Vice-President Yannis Tsakiris, said: “The EIB is committed to supporting the green transition and sustainable mobility in Europe. 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.”
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