📋 Tender Overview
Location: Regional
Project number: 54542
Business sector: Transport
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 15,000,000.00
Total Project Cost: EUR 95,000,000.00
Project Description
Provision of financing in the form of an equity investment of up to EUR 15 million in Eldrive Holding GmbH (the "Company" or "Eldrive"), a limited liability company incorporated in Austria. The EBRD's investment aims to support the Company's expansion of electric vehicle ("EV") charging stations in Bulgaria, Romania and Lithuania (the "Project"). EBRD will invest alongside Renalfa Solarpro Group ("Renalfa" or "the Sponsor"), the current owner of Eldrive. In addition, the Company has secured a EUR 40 million venture debt facility from the European Investment Bank ("EIB").
Project Objectives
Development of EV charging stations in Bulgaria, Romania and Lithuania aiming to increase the availability of EV charging stations, accelerate the uptake of EV, and support the electrification and decarbonisation of transport in the countries of investment.
Transition Impact
ETI score: 73
The Project's Transition Impact derives from the following qualities:
Green: EBRD proceeds will be fully used for the deployment of EV charging stations in Bulgaria, Romania and Lithuania.
Integrated: The Project intends to develop over 8,000 EV charging stations in the Project's countries in the next several years. Eldrive has a current network of over 1,000 EV charging points and is expected to be able to leverage its experience when identifying new sites in Bulgaria, Romania, and Lithuania to build an efficient network supporting green mobility across these countries.
