Milence charging park near Kassel-LohfeldenImage: Peter SchwierzMilence said a consortium of partners provided the financing, which also benefits from support under the European Union’s InvestEU Fund. “The facility was provided by a consortium of partners including funds managed by Edmond de Rothschild Asset Management’s infrastructure debt platform (BRIDGE), Íslandsbanki, Invest-NL, and Invest International. Íslandsbanki and Universal Investment, AIFM of an additional lender, were also advised by Edmond de Rothschild Asset Management,” stated the joint venture between Daimler Truck, Traton and the Volvo Group.The three founding companies initially provided Milence with an equity investment of 500 million euros. The current financing of 120 million euros marks the first time Milence has accessed the broader capital market for funding. However, the transaction is not yet finalised; completion is expected in the third quarter of 2026, subject to the fulfilment of all customary closing conditions for such financings.Milence plans, builds, and operates high-performance charging stations for heavy electric commercial vehicles in Europe on behalf of its shareholders, with a focus on battery-electric trucks and key freight routes. Currently, Milence operates 34 sites across eight European countries. Most recently, a charging park was added near Kassel-Lohfelden, close to the German motorways A7 and A49. During a demonstration tour with heavy battery-electric trucks from its shareholders, Milence tested its own charging corridor with a 1,000-kilometre drive from Paris to Berlin, also trialling the new site in Germany.A further 16 sites are reportedly ‘in various stages of development,’ which would bring the total to 50. By the end of 2028, 90 charging parks are supposed to be operational. “This growing footprint contributes to the foundation for long-haul electric transport and positions the company as a leading player in the sector,” Milence stated. “Milence will continue to ramp up hub deployment in the coming years, supporting the decarbonisation of road transport and contributing to European climate targets.”With this plan, Milence has now secured the support of the aforementioned investor consortium.“We are very proud to support Milence in delivering essential infrastructure that enables zero-emission transport in Europe. The Company’s strong sponsor alignment with the leading European truck OEMs and first-mover advantage in dedicated commercial truck charging make it well positioned in the accelerating electrification of heavy-duty logistics,” said Shirley Chojnacki, Head of Energy at Edmond de Rothschild BRIDGE Platform, and Jean-Francis Dusch, CIO of BRIDGE.“Securing this €120 million facility marks an important step in scaling our network across Europe and reflects strong momentum in the market. Electric road freight is not only central to decarbonising transport, but also a key pillar of Europe’s energy transition and independence, reducing reliance on imported fossil fuels while strengthening resilience and competitiveness,” said Milence CEO Anja van Niersen. “The technology is ready, the business case is emerging, and with continued momentum and policy support, we can scale this transition across Europe.”Milence CFO Wolfgang Brand added: “The support from this strong group of international financing partners underlines confidence both in our strategy as well as in the critical role of charging infrastructure in enabling the transition to electric road freight. This financing marks the company’s first access to the broader capital markets, strengthening our position for future capital raising.”milence.com
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