Milence has signed a €120 million financing facility to support the expansion of its network of high-power charging hubs for electric trucks across Europe. The transaction strengthens the ability of the joint venture between Daimler Truck, Traton Group, and Volvo Group to scale strategic infrastructure for zero-emission heavy transport.

The agreement was concluded with a consortium of international financial institutions and represents the company’s first access to broader capital markets, in addition to the €500 million previously invested by its founding shareholders.

Milence currently operates 34 charging hubs in eight European countries, positioning itself as the leading public network dedicated to heavy-duty vehicles. Another 16 sites are under development, with the goal of reaching around 90 operational hubs by 2028.

The new funding will be used to open new sites, expand existing infrastructure, and introduce the Megawatt Charging System (MCS), a key technology for enabling the sustainable electrification of long-haul transport.

International support and the role of the EU

The financing package was provided by a consortium consisting of Edmond de Rothschild Asset Management, Íslandsbanki, Invest-NL and Invest International, with support from the European Union through the InvestEU programme.

According to the deal’s promoters, the investment reflects growing market confidence in charging infrastructure dedicated to heavy-duty vehicles and its central role in the energy transition.

“This financing marks an important step in scaling our network across Europe,” said Anja van Niersen, CEO of Milence, stressing that electric freight transport is “central to decarbonisation and European energy security.”

CFO Wolfgang Brand highlighted that the transaction represents “the first access to broader capital markets,” strengthening the company’s financial structure for its expansion phase.

Around 1,800 truck charging points are currently available across Europe along major logistics corridors, but distribution remains insufficient compared to the expected growth of the electric heavy-duty vehicle market.

In this context, Milence aims to fill a structural infrastructure gap by accelerating the development of hubs along Europe’s main logistics routes.

A key element of the strategy is the adoption of the Megawatt Charging System (MCS), a technology designed to drastically reduce electric truck charging times and make long-distance operations feasible.

Milence has already begun implementing MCS in three hubs and is working on developing the first European corridor compatible with this standard.

The closing of the transaction is expected in the third quarter of 2026, subject to the completion of required conditions. The company plans to continue accelerating the development of its network in the coming years, in parallel with the growing demand for zero-emission freight transport in Europe.

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