Milence, the joint venture formed by Daimler Truck, TRATON Group, and Volvo Group, has secured a €120 million financing facility to accelerate the expansion of its electric truck charging network across Europe.
The funding will support the deployment of new charging hubs, upgrades to existing sites, and the rollout of megawatt charging systems designed to power long haul heavy duty electric trucks.
The financing package is backed by a consortium that includes Edmond de Rothschild Asset Management, Íslandsbanki, Invest-NL, and Invest International.
The deal represents Milence’s first entry into the broader capital markets and complements the €500 million equity investment already committed by its founding shareholders. The transaction is expected to close during the third quarter of 2026.
Milence currently operates 34 charging hubs across eight European countries, making it the largest public charging network dedicated to heavy duty electric transport in Europe. The additional funding will allow the company to expand its presence further and improve charging capacity along key freight corridors across the continent.
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“Securing this €120 million facility marks an important step in scaling our network across Europe and reflects strong momentum in the market,” said Anja van Niersen, Chief Executive Officer of Milence. She added that electric road freight is central to decarising transport and supporting Europe’s energy transition.
The investment reflects the broader shift toward electrification in commercial transport as logistics companies work to reduce emissions and comply with stricter European climate regulations and sustainability targets.
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Industry analysts believe investments in charging infrastructure will become increasingly important as European freight operators accelerate the transition from diesel powered fleets to battery electric trucks.
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Expanding reliable charging networks is also expected to encourage fleet operators to adopt electric vehicles more rapidly, helping governments and businesses meet future climate, energy security, and carbon reduction goals across the region.