The European Investment Bank & dependent operator of ultra-fast electric vehicle charging infrastructure in Spain Zunder have signed EUR 40 million loans to finance the installation of a fast and ultra-fast charging network along the trans-European transport network TEN-T in Spain. Zunder’s plan to build more than 4 000 ultra-fast charging points in southern Europe will be bolstered by this financial support from the EIB in Spain, shortening timelines and increasing the number of projects it can carry out under its expansion plan.Most of the chargers are expected to be installed in EU cohesion regions, where the gross domestic product per capita is below the EU average, such as in Castilla y León. This is where Zunder is based, in the city of Palencia. This operation therefore demonstrates the EIB’s commitment to prioritising projects in these regions of Spain and Europe, contributing to its cohesion and regional development objectives.Founded in 2017 by Daniel Pérez, Zunder has established itself as the leading independent operator of ultra-fast electric vehicle charging facilities in Spain. It is backed by international investors such as Mirova, which recently acquired a EUR 100 million stake in the company. Zunder’s growth extends beyond Spain, in 2022 it began expanding internationally, having won its first public tender in France. It hopes to install and operate more than 4 000 charging points and manage more than 40 000 through its platform by 2025, and plans to invest €300 million over the same period.