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Home GREEN

Estonian Eleport strengthens regional presence with TurboVolt acquisition, launches new charging hubs

Arctic Startupby Arctic Startup
August 6, 2024
Reading Time: 5 mins read
in GREEN, PRIVATE EQUITY, SCANDINAVIA&BALTICS
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Tallinn-based Eleport has strategically acquired TurboVolt, marking a significant leap into the Croatian and Slovenian markets. This acquisition expands Eleport’s footprint from its stronghold in the Baltics and Poland to now cover six countries. The deal includes the rollout of 17 advanced EV charging hubs at Supernova and SES shopping centers, featuring up to 12 high-speed chargers per location, each capable of delivering 300 kW per socket. The initial hubs will be established in Zadar, Zagreb, and Ljubljana. This acquisition is set to enhance EV charging accessibility and convenience, all powered by 100% renewable energy, reinforcing Eleport’s commitment to a sustainable future.

Already the largest EV charging operator in the Baltics and the fourth largest in Poland, Eleport’s network will now cover six countries. This expansion strengthens its commitment to providing fast, reliable, and convenient charging experiences at competitive prices for EV drivers across the region.

“This acquisition is another pivotal step in Eleport’s long-term plan of becoming the leading EV charging network in CEE,” said Jakub Miler, CEO of Eleport. “TurboVolt’s strategy and goals align perfectly with ours, and I am excited to work with their team to accelerate the deployment of a reliable, fast-charging infrastructure that meets our customers’ expectations.”

The first phase of Eleport’s expansion includes the launch of 17 high-powered EV charging hubs at both Supernova and SES shopping centers in Croatia and Slovenia. Each hub will feature up to 12 user-friendly, high-speed chargers, delivering up to 300 kW of power per socket. The initial hubs in Croatia will open in Zadar and Zagreb, with the first Slovenian hub launching in Ljubljana.

Anthony Hinde, CEO of TurboVolt, echoed this enthusiasm, stating, “Joining forces with Eleport aligns perfectly with our vision of expanding access to sustainable transportation solutions. Together, we will provide market leading solutions for high speed charging in CEE markets which urgently need solutions.”

The acquisition will significantly enhance the EV charging experience for customers, offering greater accessibility and convenience. All chargers across Eleport’s network in the six countries run exclusively on 100% renewable energy, underscoring Eleport’s dedication to a greener, more sustainable future.

Click here to read more IPO/M&A news.

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Read the orginal article: https://arcticstartup.com/eleport-acquires-turbovolt/

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