Polish EV Charger Maker Secures $182M for Automation Expansion

Ekoenergetyka, a leading electric vehicle (EV) charger manufacturer based in Poland, has successfully raised PLN 741 million ($182 million) in funding to enhance its automated manufacturing lines. The funding, provided by a consortium led by Bank Pekao, aims to support the company's growth in the electric car and truck EV charger systems sector while adhering to sustainability conditions.

The recent investment has enabled Ekoenergetyka to launch a new production line this month, marking a significant milestone in its operations. By introducing advanced automation technologies and industrial robots into the production process, the company aims to enhance efficiency and product quality. This strategic move is part of Ekoenergetyka's plan to expand its production capacity and cater to the increasing demand for EV chargers across Europe.

With a notable 20 percent market share in urban bus charging stations in Europe, Ekoenergetyka is now shifting its focus towards capturing a larger market share in electric car and truck charging solutions. The company has recently introduced innovative charging stations such as the Axon Easy 400kW and Axon Side 360kW with SAT400 satellites, specifically designed for major European charge point operators (CPOs).

Having already completed initial deliveries of these cutting-edge products to prominent customers like Ionity and Orlen Deutschland, Ekoenergetyka has secured additional contracts with key operators across Europe. The company's collaboration with CPOs, including Powerdot in Portugal, has been ongoing for several years, with its charging solutions being deployed in supermarket parking lots throughout Poland.

Expressing his optimism about the funding, Bartosz Kubik, the co-founder and CEO of Ekoenergetyka, stated, "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." The loan agreement also includes provisions for structuring the financing as a Sustainability Linked Loan (SLL) in the first year, aligning the cost of the loan with sustainability performance targets.