Milence lands €120M to build electric truck charging across Europe
What's the deal? Milence, a European electric truck charging infrastructure company, has secured a €120M financing facility to accelerate the rollout of charging hubs for heavy-duty vehicles across Europe.
The company builds and operates high-power charging stations designed specifically for electric trucks — a segment that requires far more powerful and strategically placed infrastructure than passenger EV charging.
Why now? Europe's transport sector faces tightening emissions regulations, with the EU pushing for zero-emission heavy-duty vehicles as part of its 2030 and 2050 climate targets. Fleet operators are beginning to electrify, but the lack of reliable charging infrastructure along major freight corridors remains a key bottleneck.
The €120M facility gives Milence the capital to move faster, scaling from early sites to a broader European network at a moment when demand from logistics companies is picking up.
What could go wrong? Truck charging infrastructure is capital-intensive and slow to build. Permitting, grid connections, and land acquisition can delay projects by months or years. And adoption of electric trucks remains in its infancy — if fleet operators hesitate on electrification, utilisation rates at new hubs could stay low.
Competition is also intensifying, with energy companies and other startups eyeing the same freight corridors.
The signal: This deal reflects growing investor confidence that heavy-duty transport electrification is no longer a question of "if" but "when." While passenger EV charging has attracted most of the attention and capital so far, the truck segment — with its higher energy needs and predictable routes — is emerging as a distinct, investable category.
Milence's raise signals that the infrastructure buildout for commercial vehicles is entering a new phase, moving from pilot projects to serious scale.
Read more: milence.com
