Slovak Investment Holding and the European Investment Bank have invested in GreenWay, with the goal of setting up 8,000 charging stations for electric vehicles
Katowice, December 4, 2018. Today, at the UN COP 24 Climate Change Conference, Slovak Investment Holding (SIH) and European Investment Bank (EIB) signed a joint venture agreement with GreenWay Holding S.A. (GreenWay). GreenWay is the Central European leader in the construction and operation of charging stations for electric vehicles. The joint investment in question will enable GreenWay to continue its expansion of the existing infrastructure for electrical vehicle charging facilities and will contribute to the ecological transformation of Slovak and European transport industries.
Since its inception in 2011, GreenWay has emerged to become a Central European leader in the construction and operation of charging stations for electric vehicles. At present, the company prides itself on its current network of 60 such stations in Slovakia and Poland, with SIH and EIB investments in this area slated to increase gradually to 800 by 2020, and then to 8,000 by 2027.
"We occupy a leading position in Slovakia and Poland, but our goal is to expand to other European markets," said Peter Badík, co-founder and director of GreenWay. These SIH and EIB investment resources will enable GreenWay to achieve the afore-mentioned expansion plans, as well as carry out R&D activities to improve the quality of the services provided.
SIH financial support for GreenWay, the source of which is the Operational Program for Research and Innovation, takes the form of an innovative structured loan. "GreenWay is not just an example of a company with immense innovation and growth potential, but also an opportunity for Slovakia and the surrounding region to advance the transport industry to the 21st century," explains Ivan Lesay, CEO of SIH.
EIB Vice-President, Vazil Hudak, perceives the investment in a similarly positive manner: "GreenWay is an excellent example of how Slovak entrepreneurs can play a significant role in the major European league. The field of electric vehicles is a priority for the EIB, and I am glad that we can demonstrate this fact today in our support for a promising Slovak company in this sector."
SIH is preparing additional investments in Slovakia for innovative small and medium-sized enterprises.
About GreenWay
GreenWay was established in 2011 in Slovakia and is currently the market leader for electric vehicle charging stations in Slovakia and Poland. The company is interested in entering new markets and expanding its operations in the regions of Central and Eastern Europe. GreenWay charging stations are publicly available, and customer registration for the use of its stations is free of charge.
About Slovak Investment Holding
SIH is a joint stock company 100% owned by the state. Its main mission is to support strategic public and private investments in Slovakia in the fields of infrastructure, energy efficiency, waste management, the social economy, small and medium-sized enterprises, health, and the cultural and creative industries. Investment funds are drawn from European Structural and Investment Funds. SIH finances projects exclusively using financial instruments rather than grants.
About the European Investment Bank
The European Investment Bank is a European Union bank that provides financing, guarantees and advice for investment projects within and outside the EU. Its main priorities are innovation, small and medium-sized enterprises, climate and infrastructure. The EIB is the largest multilateral bank in the world. Its shareholders are the EU Member States. The EIB is a majority shareholder of the European Investment Fund (EIF) and, together with it, forms the EIB Group.