Eleport expands into Croatia and Slovenia through the acquisition of TurboVolt

Ellex in Estonia advised Eleport, the leading electric vehicle (EV) public charging network in Central and Eastern Europe, on the acquisition of Austrian company TurboVolt GmbH.

Already the largest EV charging network operator in the Baltics and the fourth largest in Poland, Eleport’s network will now cover six countries. This expansion strengthens its commitment to providing fast, reliable, and convenient charging experiences at competitive prices for EV drivers across the region.

The acquisition will significantly enhance the EV charging experience for customers, offering greater accessibility and convenience. All chargers across Eleport’s network in the six countries run exclusively on 100% renewable energy, underscoring Eleport’s dedication to a greener, more sustainable future.

TurboVolt is an Austrian-based public charging service provider for electric vehicles, focused on installing ultra-fast chargers in shopping center parking lots in Austria and Central and Eastern Europe.

Ellex in Estonia acted as the lead counsel of the transaction (team headed by Partner Sven Papp and Counsels Gerda Liik and Gerd Laub), supported by Schönherr that advised on legal matters pertaining to Austria, Croatia and Slovenia (team headed by Partner Thomas Kulnigg and Dominik Tyrybon).