Joltie has signed a €17.5 million financing agreement with the European Investment Bank (EIB) during a special event held at the Thessaloniki International Fair (TIF). The signing ceremony was attended by Mr. Giannis Tsakiris, Vice President of the EIB, Mr. George Pechlivanoglou, CEO of Joltie, and Mr. Alexis Komninos, Managing Partner of Green Horizon Ventures, which has already expressed its intention to participate in the company’s investment plan.
A Landmark Investment for the Green Transition
This agreement marks the largest EIB investment to date in a Greek private company in the e-mobility sector, representing another key milestone in the country’s journey toward a sustainable, low-carbon future. It strengthens the EIB’s role as a European catalyst for green development and acknowledges Joltie’s operational excellence at the European level, paving the way for further growth in e-mobility across Greece.
Expanding the Charging Network
Through this financing, Joltie aims to expand its network of electric vehicle chargers throughout Greece and Cyprus, making e-mobility accessible to the entire population, including previously underserved areas. This strategic expansion contributes significantly to aligning Greece’s e-mobility adoption rates with the European average.
Statement by Joltie CEO, Mr. George Pechlivanoglou
Joltie’s CEO, Mr. George Pechlivanoglou, described the signing of the agreement as a “new chapter” for the company:
“The support and recognition from the European Investment Bank crown our vision and hard work. In this new chapter, Joltie will bring Greek and European technology to Greece, Cyprus, and the Balkans, proving that we can design and build reliable products and deploy robust infrastructure with long-term operational excellence. Our goal is to make e-mobility accessible to everyone, through an inclusive and user-friendly charging network.”
The Importance of Vertical Integration
Mr. Pechlivanoglou emphasized the significance of vertical integration as a key competitive advantage:
“Vertical integration has been a core principle from the very beginning. To build and maintain resilient infrastructure, you need to have all the tools in-house. By producing our chargers and components in our own facilities, we ensure quality, reliability, and fast response, while showcasing the added value of Greek engineering and innovation tailored to our unique conditions.”
Affordable and Technically Optimized Charging
He also highlighted Joltie’s commitment to making e-mobility affordable and accessible:
“For e-mobility to truly reach all social groups, charging must be cost-efficient and based on well-designed technical solutions. Building a scientifically planned charging network is essential for a fair and sustainable transition.”
Remarks from the European Investment Bank
EIB Vice President Mr. Giannis Tsakiris noted that the financing not only supports green development but also promotes a fairer energy transition, as the increase in available chargers reduces regional disparities and accessibility gaps.
He added that Joltie was selected for its rapid growth, vertical integration, quick response to network issues, and contribution to Europe’s overall competitiveness in the green transition.
Investment Perspective
Mr. Alexis Komninos, Managing Partner of Green Horizon Ventures, expressed the fund’s enthusiasm for participating in the project:
“Joltie stands out for its full vertical integration, flexibility, and ability to quickly adapt to market needs. The company can redeploy or upgrade its chargers in a very short time and add new services with great agility. These advantages will enable faster market penetration and help Greece converge with European e-mobility adoption levels.”