GreenWay, a leader in electromobility in Central and Eastern Europe, will receive EUR 85 million for investments in the company’s development and its network of charging stations. Investment support of this magnitude will allow GreenWay to strengthen its position in the region. The investment is being implemented at a time of significant turmoil and market changes, which demonstrate the need for new solutions in transport and energy.
GreenWay has secured new funding for further development from international investment funds specializing in infrastructure projects: Helios Energy Investment and Generation Capital. The company’s existing shareholders, janom a.s. and Neulogy Ventures, also participated in the investment round. The company will allocate the acquired capital to the expansion of its charging station network and the development of its technological potential, which are intended to contribute to further improving the quality of services provided. This is the largest known investment in electromobility in this region of Europe, and the first in which an international infrastructure fund has participated. Thanks to the funds received, GreenWay will be able to continue playing an important role in the transformation of transport towards zero-emission.
The conclusion of the agreement coincides with the acceleration of the electric vehicle market’s development. In 2021, one in five cars sold in Europe was fully electric, which allowed for the sale of 2 million electric vehicles, while in 2020 this number was only 1.3 million. GreenWay, together with its newly acquired shareholders, also sees huge potential for the development of this market in a region with over 100 million inhabitants. An additional factor positively influencing the perception of the investment is the very rapidly growing and consolidating electric vehicle charging infrastructure market in Europe.
– We founded GreenWay to make Europe a cleaner, healthier place and less dependent on oil – says Peter Badik, Co-founder and Chairman of the Board of GreenWay Holding. – To achieve this, we are building charging infrastructure that will enable faster growth in the number of electric cars, which is a key element of our vision. Less dependence on imported fossil fuels is particularly important now, especially as we are experiencing natural gas shortages, rising energy prices, and the recent high-profile political turmoil in the Central and Eastern European region.
– Attracting new investors will allow us to significantly accelerate the process of expanding public charging infrastructure – adds Rafał Czyżewski, President of GreenWay Polska. – We also intend to deepen our cooperation with businesses and become the partner of first choice for companies that intend to switch to electromobility and need comprehensive support to effectively carry out this transformation.
– Following the Helios 5 investment in the electromobility sector in Israel 18 months ago, we are pleased to be able to invest in the development of GreenWay and thus increase our impact in the charging infrastructure sector in Europe – says Erez Gissin, Managing Partner at Helios Energy Investments. – GreenWay has enormous development opportunities as a sector leader in the Central and Eastern European region, and its many years of industry experience position the company well for the future development of electromobility in Europe. Helios has found in GreenWay an entrepreneurial and experienced team that can lead the company in the face of the challenges of this new and developing industry. Helios 5 wants to develop its network in this sector, and cooperation with GreenWay can be an important element of this journey.
Throughout the investment process, GreenWay was supported by Rothschild & Co (fundraising) and AKF Legal and Wozniak Legal (legal side). On the side of Helios and Generation Capital, these were KPMG (finance) and WKB Wierciński, Kwieciński, Baehr (legal side).