The Baltic states are set to become a central hub in a major expansion of electric-vehicle charging infrastructure across Central and Eastern Europe, following a €35mn loan from the European Investment Bank (EIB) to fast-charging network operator Eleport, the EIB said in a press release. 

For Estonia, Latvia and Lithuania, the investment strengthens their role as leaders in regional electric-mobility development and brings the Baltics closer to a fully interconnected, future-proof charging network spanning Europe.

“Scaling up fast‑charging infrastructure is essential to accelerate the shift to electric mobility and reduce emissions from road transport,” said EIB vice-president Karl Nehammer as quoted in the press release. “This operation demonstrates how we can provide innovative, long‑term financing to fast‑growing companies delivering high‑impact sustainable infrastructure.”

Under the financing agreement, Eleport will significantly expand its presence in Estonia, Latvia and Lithuania as part of a wider rollout of more than 250 ultra-fast charging hubs across eight European countries by 2028. The project positions the Baltics at the heart of a cross-border electric-mobility corridor linking Northern and Southern Europe.

Each new charging hub will be installed at major shopping and commercial locations and equipped with up to 12 charging points, delivering power of up to 400 kilowatts per plug. This will allow electric-vehicle drivers to recharge quickly while carrying out everyday activities, reducing charging times and improving convenience.

“This EIB loan is an important step in expanding reliable, high-quality charging infrastructure across Central and Eastern Europe. Our goal is for electric-vehicle drivers to be able to stop where they already need to be, plug in briefly and move on with their day,” commented Eleport CEO Jakub Miler. 

Eleport, a rapidly growing company headquartered in Tallinn, already operates more than 400 fast-charging points across the Baltics and other Central and Eastern European countries. A cornerstone of its strategy is the development of the so-called “Electric Amber Road” – a modern charging network inspired by the ancient Amber Road trade route that historically connected the Baltic Sea with the Adriatic. Once completed, the network will enable seamless cross-border travel for electric-vehicle users using a single mobile app.