Plans for a major electric vehicle manufacturing hub in Poland moved a step closer to reality today, as Electromobility Poland and PowerUp HydroTech were named as the preferred recipients of funding from a nearly 4.8 billion PLN ($1.16 billion USD) program supporting clean mobility and energy projects. The decision by the National Fund for Environmental Protection and Water Management paves the way for final negotiations and investment agreements,potentially unlocking a importent boost for Poland’s automotive sector and its transition to a low-emission economy. While the funding isn’t final,industry observers say the endorsement represents a crucial milestone for Electromobility Poland after years of development efforts.
- Two entities, PowerUp HydroTech and Electromobility Poland, have been identified by an investment committee for support.
- This decision paves the way for negotiations and the signing of an investment agreement, as well as the completion of the project’s financial structuring.
- The budget for the program supporting industrial projects for the clean mobility and energy sectors is nearly 4.8 billion PLN.
Plans for an electric vehicle factory spearheaded by Electromobility Poland are moving closer to realization. While announcements of potential progress have been frequent, the company is now closer to securing funding than it has been in its history.
According to the National Fund for Environmental Protection and Water Management, the Investment Committee has approved a ranking list within the program supporting the low-emission economy.
Two entities were selected: PowerUp HydroTech Sp. z o.o. with its project “Construction of a hydrogen generator and fuel cell production plant PowerUp Hydrotech,” and the Polish Hub for Electromobility submitted by Electromobility Poland.
A Milestone for Investment Funding
While not a done deal, Tomasz Kędzierski, President of the Management Board of ElectroMobility Poland, called the decision “a very important milestone providing the financial foundation for the implementation of the investment, which the company has been striving for for many years.”
“This decision opens the way for negotiations and the signing of an investment agreement, and in the next step, the completion of the financial structuring process for the entire project. The new investment agreement will also enable the completion of negotiations regarding a strategic partnership with a global automotive company,” said Tomasz Kędzierski.
Negotiations with the NFOŚiGW team are expected to conclude in December, with agreements slated to be signed before the end of the year, according to the current schedule.
The approval of the EMP project could also aid the company in discussions regarding technology cooperation, which it says it will continue to pursue alongside negotiations with NFOŚiGW.
The Fund reminded that the aim of the program supporting the low-emission economy is to support industrial projects for two sectors: clean mobility and energy. The program is financed by the National Recovery Plan and Resilience Facility – KPO (Investment E3.1.1). The program budget is close to 4.8 billion PLN. Funding is provided in the form of equity participation.
Future of Other Electric Vehicle Projects Uncertain
Electromobility Poland emphasized that “the merit assessment based on technical and business analysis was carried out by an independent external entity cooperating with NFOŚiGW specializing in the validation of such projects.”
According to the company, this confirms that “the analyses forming the foundation of the concept of a production and development hub enable the implementation of the investment on market terms. The main assumption of the project is to operate in a manner that is optimal both from the point of view of commercial success and the simultaneous implementation of state industrial policy, which will long-term enable the development of the automotive sector in Poland.”
The two-position ranking list suggests that another entity seeking to build electric vehicles from the KPO – Adaptive Motors, which plans to build a factory for eVan electric delivery vehicles – will not receive funding.
– I am an entrepreneur with thirty years of experience. In the event of a negative assessment, we have a plan B. We anticipate that the first vehicles will leave the factory at the end of the second quarter of 2028 – said Albert Gryszczuk, President of Innovation AG, the company that designed the vehicle, and co-founder of Adaptive Motors Poland, in an interview for WNP. Representatives of the company could not be reached for comment at the time of publication.
Materiał chroniony prawem autorskim – zasady przedruków określa
regulamin
Warsaw, Poland – Electromobility Poland is significantly closer to commencing construction of its planned electric vehicle factory after receiving a key endorsement from the National Fund for Environmental Protection and Water Management. The decision, announced today, identifies the company as a recipient of potential support from a 4.8 billion PLN (approximately $1.16 billion USD) fund earmarked for industrial projects in the clean mobility and energy sectors.
The Investment Committee’s approval places Electromobility Poland alongside PowerUp HydroTech, which is slated to receive support for the construction of a hydrogen generator and fuel cell production facility. This marks a critical step forward for both companies, opening the door to formal negotiations and the finalization of financial arrangements.
“This is a very important milestone providing the financial foundation for the implementation of the investment, which the company has been striving for for many years,” stated Tomasz Kędzierski, President of the Management Board of ElectroMobility Poland. He added that the agreement will also facilitate discussions with a global automotive firm regarding a potential strategic partnership.
The funding program, sourced from Poland’s National Recovery Plan and Resilience Facility (KPO), is designed to bolster domestic manufacturing capabilities in key growth areas. The move underscores Poland’s commitment to developing a robust electric vehicle ecosystem and reducing its reliance on imported automotive technology.
Negotiations between Electromobility Poland and the NFOŚiGW are expected to conclude in December, with the signing of investment agreements anticipated before year-end. The company also indicated that the funding approval will strengthen its position in ongoing talks with potential technology partners.
While Electromobility Poland appears poised to move forward, the ranking list suggests that another aspiring EV manufacturer, Adaptive Motors, may not receive funding from this particular program. Adaptive Motors is currently planning to build a factory for electric delivery vans, with initial production targeted for the second quarter of 2028.
