Milence has signed a EUR 120 million financing agreement to accelerate the further rollout of its network of electric truck charging hubs in Europe. The new round of financing is provided by a consortium of several funds and is supported by the European Union through the InvestEU Fund.
It is the first time that Milence has access to the broader capital markets. So far, the initial equity investment of EUR 500 million by the founding shareholders Daimler Truck, Traton Group and Volvo Group has been sufficient. The transaction is expected to close in the third quarter of 2026, subject to the satisfaction of all closing conditions.
Milence currently operates 34 charging hubs in eight European countries. In addition, a further 16 hubs are in various stages of development, with the aim of having a total of 90 hubs operational by the end of 2028. The new financing agreement provides Milence with flexible and scalable resources to support its capital-intensive rollout strategy. “This marks an important step in scaling up our network in Europe and reflects the strong momentum in the market. Electric road transport not only plays a crucial role in making transport more sustainable, but also forms an important pillar of the European energy transition and energy independence. It reduces dependence on imported fossil fuels while strengthening Europe’s resilience and competitiveness. The technology is there, the business case is developing, and with continued momentum and the right policy support we can scale this transition across Europe,” says Anja van Niersen, CEO of Milence.
