We have recently advised GreenWay Holding SA, a pioneering company in the electric vehicle charging industry, on offering newly issued shares to Mirova, an affiliate of Natixis Investment Managers, dedicated to sustainable investing. With an equity investment of more than 50 million euros, Mirova will become the largest shareholder in GreenWay Holding. Mirova’s decision underscores their confidence in GreenWay’s long-term vision and strategic direction.
GreenWay Holding SA, comprising GreenWay Infrastructure (Slovakia), GreenWay Polska (Poland), and GreenWay Hrvatska (Croatia), provides comprehensive electric vehicle charging solutions and is a market leader in Central and Eastern Europe. Founded in 2011, the company's mission is to popularize electric vehicles with the aim of making Central and Eastern Europe cleaner, healthier, and less dependent on oil.
As an operator of charging infrastructure (CPO), GreenWay manages a network of nearly 4,500 charging connectors at more than 1,300 locations, most of which are fast-charging stations with outputs over 50 kW.
Peter Badík, founder and Chairman of the management board at GreenWay.said:
"Securing an investment from Mirova is a testament to our business model and a recognition of the team that we have built since the establishment of the company in 2011.
Management, with the strong support of all shareholders, will continue in the execution of GreenWay’s strategy in our three core markets. We will do our best to make sure that the transition to EVs continues in our region. This will be our humble contribution to the European industrial policy of energy transition, which is the best way to keep Europe independent, strong and fre.”
Although the development of electromobility in Europe slowed down in 2024, the underlying technological and market trends provide strong support for a positive, long-term outlook for the electric vehicle (EV) charging industry.
In this context, GreenWay sought to team up with an investor who could provide strong, long-term support to consolidate the company’s position as a leader in Central Europe. Through its energy transition infrastructure expertise, Mirova aims to empower institutional clients by offering them long-term value creation opportunities while supporting the decarbonization of developed economies. With over 20 years of experience in energy transition funds, its investment team combines industry expertise with rigorous ESG analysis and demonstrated knowledge in the EV charging sector.
Mirova representatives will join other shareholders on the Supervisory board upon the completion of the transaction while the management will still be in the hands of Peter Badik and Rafał Czyżewski.
GreenWay has been advised on this complex transaction by Rothschild & Co who acted as exclusive financial advisor and by Woźniak Legal in Warsaw and AKF Legal in Bratislava as legal counsels.