Polish EV charger manufacturer Ekoenergetyka has signed a 170 million euro loan agreement with Bank Pekao to finance increased production capacity to meet growing European demand.

The company, which has launched a new production line for improved efficiency and product quality, plans to further automate the line by introducing industrial robots for some elements of production.

Ekoenergetyka currently has about 20 per cent of the market share of Europe’s urban bus charging stations and aims to increase its share in electric car and truck charging. It recently introduced its Axon Easy 400 kW and Axon Side 360 kW with SAT400 satellites that are designed for the hubs of European CPOs.

“This financing will provide us with the opportunity for further dynamic development both in the area of international expansion across Europe and for our ambitious investment plans,” said Bartosz Kubik, co-founder and CEO of Ekoenergetyka.