ORLEN invests in ultra-fast charging stations

The company has deployed EUROLOOP EV chargers across seven European countries, marking ORLEN VC’s tenth investment.

The ORLEN VC fund has invested in EUROLOOP, a producer of ultra-fast charging stations for electric vehicles (EVs). The chargers from this Polish startup are already available to motorists in seven European countries.

These stations can deliver up to 720 kW of direct current power, cutting down charging times as well as improving user convenience. The sites use silicon carbide technology to achieve 97% energy conversion efficiency from alternating current (AC) to direct current (DC).

The integrated system, with two chargers operating as a single unit, allows charging up to eight vehicles while managing both the load and charging speeds.

“As outlined in the ORLEN Group's revised strategy to 2030, our ambitious plan includes the rollout of 10,000 electric vehicle charging stations across Central Europe. This initiative poses significant challenges, from developing the necessary infrastructure and securing appropriate locations to choosing a technology provider that can meet the growing expectations of customers," said Marek Garniewski, President of the ORLEN VC Management Board.

EUROLOOP has been marketing its chargers in Western Europe under the brand name WILLBERT, and now, through the partnership with ORLEN VC, they will be introduced to the Polish market as well.

This marks ORLEN VC’s tenth investment, which, in just two years, has risen as one of Central Europe’s largest and most active venture capital funds.