Tallinn-based Eleport, a provider of electric vehicle charging networks, announced that it has closed a funding round from its current investors Ambient Sound Investment and Gren. 

The Estonian company plans to invest over 20 million euros in 2024 and more than 100 milion euros in the upcoming years to expand its charging network. The company did not reveal the specific amount of funding they received.

Eleport intends to expand its electric vehicle charging infrastructure by installing 800 new charging points this year alone. These points will be added to its existing network of 550 charging points that are currently located in Poland, Lithuania, Latvia, and Estonia.