GreenWay Secures $158 Million Green Debt Deal To Expand EV Charging

GreenWay secured up to €138 million ($158 million) in green debt financing to expand EV charging infrastructure across Central and Eastern Europe.
The deal includes refinancing, capital expenditure and working capital facilities, plus a €25 million uncommitted extension.
The financing supports Poland, Slovakia, Croatia and wider CEE markets as EV adoption rises and Europe seeks to cut oil dependence.

GreenWay Raises Green Debt For Regional EV Expansion

Warsaw, Poland, GreenWay has secured up to €138 million in green debt financing to expand electric vehicle charging infrastructure across Central and Eastern Europe.

The financing comes from a consortium of European lenders. The group includes Crédit Mutuel Arkéa, the European Bank for Reconstruction and Development, with support from InvestEU, ING Bank Śląski and mBank. mBank also acted as agent, security agent and green loan coordinator.

GreenWay said the transaction is the first debt financing of its kind for a pure-play EV charging operator in Central and Eastern Europe. The company will use the funds to strengthen its position in Poland. It will also improve customer services in Slovakia, Croatia and the wider region.

The financing package includes a refinancing facility, a capital expenditure facility and a working capital facility totalling €113 million. It also includes a €25 million uncommitted extension facility.

For charging operators, access to long-term debt is becoming a core test of market maturity. Network expansion needs heavy upfront investment. Operators must build scale before utilisation rates, customer experience and returns can fully mature.

Financing Shows Confidence In Charging Infrastructure

GreenWay has now secured up to €258 million for electromobility development in Central and Eastern Europe. The company has backing from international infrastructure funds including Generation Capital, Helios Energy Investments and Mirova. Early-stage investors Janom Investments and Neulogy Ventures also supported the business.

The company has a long track record of securing European public funding. It was the first company in the region to receive Connecting Europe Facility and Alternative Fuels Infrastructure Facility funds for public charging infrastructure in Slovakia in 2013 and Poland in 2016.

GreenWay also received InnovFin financing from the European Investment Bank in 2018. It has also been a successful applicant in support programmes from Poland’s National Fund for Environmental Protection and Water Management.

Advisers on the new transaction included ING Corporate Finance as sole financial adviser to GreenWay. EY-Parthenon GmbH acted as commercial adviser. ARUP served as technical adviser. Clifford Chance advised the company, while Addleshaw Goddard advised lenders. KPMG provided financial due diligence. Ester S.A.S acted as hedging adviser, and Mazars served as model auditor.

A Charging Network Built Around Fleets And Drivers

GreenWay now operates more than 5,800 charging points across more than 1,680 locations. The company said it has registered over 90% market share among EV drivers in each of its core markets.

Its model combines public charging with private infrastructure for regional companies. That approach supports fleet electrification while helping raise utilisation across GreenWay’s public network.

The company works with major fleet and corporate customers including InPost, Coca-Cola, IKEA, Holcim and Westfield. These customers use private charging solutions at their own facilities. They also benefit from GreenWay’s broader public charging network.

In 2025, the company built 361 new high-power charging points at 62 new multi-charging hubs across Poland and Slovakia. It is also developing and constructing dedicated charging locations for electric trucks.

That truck charging buildout is strategically important. Heavy transport remains harder to electrify than passenger vehicles. It also requires higher power infrastructure, better grid planning and clearer commercial demand.

Oil Dependence Sharpens The Policy Case

The financing arrives as Europe faces renewed pressure over fossil fuel security. The region imports more than 90% of the oil it consumes. Nearly half of that oil is used for road transport.

That exposure has become both a climate and geopolitical risk. Each additional EV reduces demand for imported oil. For governments, that links charging infrastructure to industrial policy, energy security and decarbonisation.

The EV market is also growing. European EV sales rose 19% in January and February 2026. In Poland, the battery electric vehicle fleet grew by about 62% compared with April 2025, reaching 147,000 vehicles. Slovakia’s BEV fleet grew by about 68% over the same period, reaching nearly 28,500 vehicles.

For investors, the transaction shows how charging networks are moving from venture-backed growth into infrastructure-style financing. That shift matters for ESG capital allocation. It creates a pathway for banks, development finance institutions and institutional investors to fund transport decarbonisation at scale.

For C-suite leaders, the message is direct. Fleet electrification now depends on charging access, financing capacity and reliable network partners. In Central and Eastern Europe, those factors are becoming part of competitiveness, not only sustainability reporting.

GreenWay’s financing places the region more firmly inside Europe’s clean transport buildout. It also shows how climate infrastructure, energy security and private capital are becoming linked across the continent.