EBRD supports Greek e-mobility expansion

• EBRD finances the electrification of the Lion Rental fleet, supporting Greece’s transition to cleaner transport
• Total €25 million investment backed by the EU’s Recovery and Resilience Facility
• Investment helps to accelerate electric mobility, cut emissions and modernise Greece’s car rental market

The European Bank for Reconstruction and Development (EBRD) has signed a €20 million loan to Lion Rental S.A., a leading car rental and leasing company in Greece, to support the large-scale deployment of electric vehicles across the country.

The total investment amounts to €25 million and is being financed through a combination of EBRD resources, Recovery and Resilience Facility (RRF) loans channelled through the Greek authorities as part of the “Greece 2.0” National Recovery and Resilience Plan, funded by the European Union’s (EU) NextGenerationEU programme, and a contribution by the borrower. It is the last EBRD project to be signed under the RRF in Greece.

The investment will finance the replacement of internal combustion engine vehicles with electric vehicles in Lion Rental’s rental and leasing fleet. Around 650 electric vehicles are to be added, helping to modernise Greece’s car rental market and support the country’s transition to cleaner transport solutions. The project is expected to reduce carbon dioxide emissions by up to 652 tonnes per year.

By supporting the electrification of the vehicle fleet, the EBRD financing is contributing to better air quality, reduced greenhouse gas emissions and greater uptake of electric vehicles by businesses and consumers.

Lion Rental is a wholly owned subsidiary of Motodynamics S.A., the franchisee of SIXT in Greece, and listed on the Athens Stock Exchange.

The EBRD’s mandate in Greece ended in 2025, although the Bank is still fulfilling projects approved in 2025 and managing a portfolio of projects across the country. As one of Greece’s key institutional investors, the EBRD has invested more than €9 billion to date in all sectors of the Greek economy.