GreenWay, a pioneering company in the electric vehicle charging industry, is pleased to announce a significant new investment from 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.
"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," said Peter Badík, founder and Chairman of the management board at GreenWay.
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 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 ESG1 analysis and demonstrated knowledge in the EV charging sector. Together with GreenWay, they share the conviction that the electrification of transportation is a key pillar of the energy transition and recognize that strong fundamentals underpin the EV industry and offer promising long-term perspectives for the EV charging sector.
GreenWay is Mirova’s fifth investment in the low-carbon mobility sector, following Driveco, Zunder, JET Charge and NEoT Green Mobility, thus underlying their deep understanding of the sector.
“We are pleased to be partnering with GreenWay to support the shift to low-carbon mobility in Central Europe. GreenWay’s solid track record and history align well with our strategy to support leading pure players with demonstrated operational excellence and a deep market understanding," said Witold Marais, Investment Director at Mirova.
“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 free,” noted Chairman Badik.
“Support from Mirova will enable GreenWay to continue its ambitious plans to expand the charging network in the CEE region and provide the highest quality of services. Additionally, it serves as an impulse for further improvements in GreenWay's operations, aimed at building the potential for continued growth. Personally, it is a great satisfaction to see that many years of hard work by the entire GreenWay team are leading to the acquisition of a new and strong investor, despite challenging market conditions,” said GreenWay’s CEO Rafał Czyżewski.
Mirova will join a well-diversified shareholder base. Existing shareholders include Janom Investment, Generation Capital, Helios Energy Investment Funds, Neulogy Ventures, the founder and management. Mirova representatives will join other shareholders on the Supervisory board upon the completion of the transaction. Rafał Czyżewski, who led Polish operation, will become the group CEO responsible for operation of the whole GreenWay group and together with Lukasz Gaffling in the position of CFO will form the Management Board, led by founder and Chairman of Management Board, Peter Badik.
GreenWay had Rothschild & Co as exclusive financial advisor, AKF Legal, WKB, Wozniak Legal and Athena Legal as legal advisors, and Deloitte for vendor due diligence.
The information provided reflects the opinions of GreenWay and Mirova regarding the situation as of the date of this document and may be modified without notice.
