Allego Secures €20 Million Loan from EBRD to Boost EV Charging Infrastructure in Poland
ARNHEM,
Electric vehicle adoption in
Allego is set to deploy more than 200 light and heavy-duty vehicles (LDV /HDV) EV recharging points across over 50 strategic locations in
Gunnar Landfester, Allego Managing Director for Central &
Vianney Heeren, Director of Structured Finance at Allego, commented, "With this financing, we can go forward with our infrastructure initiatives much more quickly, guaranteeing that Allego will support
This initiative further demonstrates Allego's dedication to electric mobility innovation and its role in facilitating
About Allego
Allego is a leading electric vehicle charging solutions provider dedicated to accelerating the transition to electric mobility with
For more information, please visit www.allego.eu.
About EBRD
EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 73 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, well governed, green, inclusive, resilient and integrated.
About CROSS-E
The CROSS-E project has been established to enable a path towards future zero-emission travel by realizing high-powered electric vehicle (EV) charging points along key routes and ports across
The CROSS-E project comprises two intertwined initiatives: CROSS-E General and Cross-E Cohesion. These projects will receive co-funding from the Connecting Europe Facility (CEF), the EU funding program supporting European transport infrastructure. Therefore, the aim is to complement the existing infrastructure with enhanced cross-border connections between neighboring countries.
CROSS-E installations will adhere strictly to the European Commission’s Alternative Fuels Infrastructure Regulation (AFIR), guaranteeing open recharge infrastructure access. All locations will be accessible to the public 24/7 and support roaming and open-access payment methods, including NFC, credit cards, and app-based payments. Deploying charging points for specifically Heavy Duty Vehicles (HDV) in selected markets will also offer valuable insights ahead of broader installations across all project partners and countries.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are forward-looking statements. Allego intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or phrases) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, Allego’s expectations concerning future performance. These forward-looking statements involve significant risks and uncertainties that could cause the results to differ materially and potentially adversely from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the ability of the Company to cure the minimum share price deficiency and regain compliance with NYSE listing standards and for the Company’s ordinary shares to remain listed on the NYSE, (ii) changes adversely affecting Allego’s business, (iii) the price and availability of electricity and other energy sources, (iv) the risks associated with vulnerability to industry downturns and regional or national downturns, (v) fluctuations in Allego’s revenue and operating results, (vi) unfavorable conditions or further disruptions in the capital and credit markets, (vii) Allego’s ability to generate cash, service indebtedness and incur additional indebtedness, (viii) competition from existing and new competitors, (ix) the growth of the electric vehicle market, (x) Allego’s ability to integrate any businesses it may acquire, (xi) the agreement of various landowners to deployment of Allego charging stations, (xii) Allego’s ability to recruit and retain experienced personnel, (xiii) risks related to legal proceedings or claims, including liability claims, (xiv) Allego’s dependence on third-party contractors to provide various services, (xv) data security breaches or other network outage, (xvi) Allego’s ability to obtain additional capital on commercially reasonable terms, (xvii) Allego’s ability to remediate its material weaknesses in internal control over financial reporting, (xviii) the impact of COVID-19, including COVID-19 related supply chain disruptions and expense increases, (xix) general economic or political conditions, including the
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Allego Contacts:
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Source: Allego