EIB supports Joltie with €17.5 million financing to roll out 2,200 EV charging points in Greece and Cyprus

EIB supports Joltie with €17.5 million financing to roll out 2,200 EV charging points in Greece and Cyprus

(IN BRIEF) The European Investment Bank (EIB) has approved up to €17.5 million in venture debt financing for Joltie SA, a Greek EV charging operator, to install about 2,200 new charging points in Greece and Cyprus by 2029. Supported by the InvestEU programme, the project aims to decarbonise road transport, accelerate electric vehicle adoption, and strengthen cohesion in underserved regions such as islands and regional cities. Joltie, which already operates more than 500 chargers and produces its own charging technology, will expand its integrated network with this financing. EIB Vice-President Yannis Tsakiris said the investment highlights the Bank’s commitment to sustainable mobility and climate action, while Joltie’s CEO underlined the role of local innovation in delivering a cleaner and more convenient mobility system.

(PRESS RELEASE) LUXEMBOURG, 8-Sep-2025 — /EuropaWire/ — The European Investment Bank (EIB) is providing up to €17.5 million in venture debt to Joltie SA, a Greek electric vehicle charging operator, to accelerate the installation of public charging points across Greece and Cyprus. Backed by the InvestEU programme, the financing will enable the roll-out of approximately 2,200 new chargers by 2029, expanding access to sustainable mobility in cohesion regions of Southeast Europe.

The project directly supports EU climate goals and is fully aligned with InvestEU’s Future Mobility objective under the Green Transition, as well as the EIB’s Climate Bank Roadmap and Transport Lending Policy. By addressing market gaps and fostering innovation in charging technology, the initiative is expected to catalyse private investment, promote the adoption of electric vehicles, and strengthen regional cohesion.

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.”

Founded in 2022 and headquartered in Attica, Joltie combines the manufacturing of charging equipment with the operation of its own EV charging network. The company has already deployed around one third of all charging points in Greece and currently operates more than 500 chargers across Greece and Cyprus. The new financing will allow Joltie to extend coverage to underserved regions, including Greek islands and smaller cities, reinforcing its role in Southeast Europe’s fast-growing EV market.

Commenting on the new partnership, Joltie’s CEO 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. Our goal is to give drivers in Greece and Cyprus more choice and convenience, with technology designed and manufactured locally, while contributing to a cleaner everyday life.”

About InvestEU

The InvestEU programme brings together EU financial tools to support investment, innovation and job creation. Through an EU budget guarantee and cooperation with partners such as the EIB, it aims to mobilise more than €372 billion in investment during 2021–2027 across strategic sectors and regions.

Background information

EIB  

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers.Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

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SOURCE: European Investment Bank