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Milence, the joint venture between Daimler Truck, Traton Group and Volvo Group, has secured a €120m (£104m) financing facility, which will be used to accelerate the roll out of its network of rapid charging hubs for electric HGVs across Europe.
The funding marks a major milestone for Milence and adds to the initial €500m (£432m) of equity investment from its founding shareholders. The transaction is expected to close in the third quarter of 2026, subject to all closing conditions being met.
Milence currently operates 34 charging hubs across eight European countries. Another 16 hubs are in various stages of development, with a total of 90 expected to be operational by the end of 2028.
Across Europe, the rollout of public charging infrastructure is advancing rapidly, with nearly 1,800 truck-suitable charging points now available along major freight corridors.
Anja van Niersen, Milence chief executive, said: “Securing this €120m facility marks an important step in scaling our network across Europe and reflects strong momentum in the market.
“Electric road freight is not only central to decarbonising transport, but also a key pillar of Europe’s energy transition and independence, reducing reliance on imported fossil fuels while strengthening resilience and competitiveness.
“The technology is ready, the business case is emerging, and with continued momentum and policy support, we can scale this transition across Europe.
Wolfgang Brand, Milence chief financial officer, added: “The support from this strong group of international financing partners underlines confidence both in our strategy as well as in the critical role of charging infrastructure in enabling the transition to electric road freight.
“This financing marks the company’s first access to the broader capital markets, strengthening our position for future capital raising.”
Shirley Chojnacki, head of energy at Edmond de Rothschild Bridge platform, and Jean-Francis Dusch, CIO of Bridge, said they were proud to be providing financial support for Milence’s charging infrastructure roll out.
They added: “The company’s strong sponsor alignment with the leading European truck OEMs and first-mover advantage in dedicated commercial truck charging make it well positioned in the accelerating electrification of heavy-duty logistics.”
Jeroen Plag, Invest International chief investment officer, concluded: “The electrification of road freight in Europe is gaining strong market momentum. Progress at scale now depends on vehicle economics and more on the timely availability of reliable, extensive charging infrastructure able to grow with the market.
“Milence is addressing a structural gap in Europe’s transport system that markets have been slow to resolve on their own. For Invest International, this reflects our role in deploying capital where long‑term resilience, economic competitiveness and the energy transition intersect - including along strategically important Dutch and European trade corridors.”
Milence’s network supports both long-haul and regional transport, with hubs strategically located along major transport routes and equipped with advanced charging technology tailored to eHGVs. It has deployed Megawatt Charging System (MCS) technology at three major hubs, advancing the first MCS corridor.
