Milence

What Milence does

Milence (legal entity Commercial Vehicle Charging Europe B.V.) builds and operates Europe's largest public charging network purpose-built for battery-electric heavy-duty vehicles. Founded in July 2022 as an equal-share joint venture between Daimler Truck, TRATON GROUP, and Volvo Group with €500 million of initial equity, Milence operates high-power charging hubs along the Trans-European Transport Network (TEN-T) freight corridors, with 37 operational hubs across 9 countries by June 2026 and a target of 90 hubs by end-2028. Its core product combines Combined Charging System (CCS) chargers delivering up to 400 kW with Megawatt Charging System (MCS) chargers delivering up to 1.44 MW, allowing a 20–80% state-of-charge recharge in approximately 30 minutes — aligned with EU mandatory driver-break regulations for long-haul trucking.

The technical stack includes the proprietary branded hub design (wooden canopy, driver lounge and sanitary amenities), on-site solar generation, battery energy storage, and a cloud-based Network Operations Center providing remote monitoring, firmware updates, and real-time charger status. An MCS Interoperability Lab in Arnhem validates multi-OEM interoperability before commercial deployment. Revenue is generated primarily through per-kWh usage fees that are country-specific since January 2026, supplemented by eMSP roaming transaction fees (16 partners including DKV, Shell Recharge, WEX, and OEM-branded cards) and volume-based fleet agreements that lock in committed kWh in exchange for discounted per-kWh rates.

Milence serves enterprise and mid-market fleet operators (Kuehne+Nagel, Kaufland, SCHADE Logistik, Cornelissen), international logistics providers, and the three founding OEMs that simultaneously act as customers, shareholders, and technology partners. Go-to-market combines direct enterprise field sales, location partnerships (Port of Antwerp-Bruges, Volvo Group Ghent), eMSP and OEM channel partnerships, and thought-leadership content anchored by white papers on HDV market readiness and TCO analyses demonstrating cost parity with diesel on routes such as Paris–Berlin. Cumulative funding exceeds €731 million across founding equity (€500M), an AFIF EU grant (€111M, February 2025), and a €120M debt facility (May 2026) — Milence's first capital-markets transaction.

Name

Milence

Legal name

Commercial Vehicle Charging Europe B.V.

Website

https://milence.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Milence builds and operates Europe's largest public charging network for battery-electric heavy-duty trucks, running 37 high-power CCS and Megawatt Charging System hubs across 9 countries. Founded in 2022 as a joint venture between Daimler Truck, TRATON GROUP, and Volvo Group, it serves enterprise fleet operators along TEN-T freight corridors.

Ownership category

akta.pro rank

Product category

Electric Vehicle Charging Infrastructure

NAICS

Specialized Freight Trucking (4842)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

EV Charging Payment & Reimbursement Programs (Public/Depot Charging) (TLABAMAK)

akta.pro secondary industry

Fleet Smart Charging & Depot Energy Management (Bus/Truck/Delivery) (EUAFAMAE)

Keywords

• Heavy-duty truck charging
• Megawatt charging system
• Electric freight infrastructure
• Public EV charging network
• Fleet charging services

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Public EV Charging Fees (Usage-Based): Primary revenue stream from per-kWh charging fees paid by fleet operators and truck drivers at public charging hubs. Usage-based pricing varies by country, reflecting local energy market conditions. Volume-based discounts available for high-demand fleet customers. Revenue scales with network utilization and growing e-truck fleet adoption.
2. Milence Charge Card & Fleet Services: Monthly invoicing service for fleet operators via the Milence Charge Card. Enables cross-border cost management and consolidated billing. Free card issuance with no subscription fees; revenue derived from charging transactions processed through the card.
3. eMSP Roaming & Interoperability Fees: Revenue from roaming agreements with e-Mobility Service Providers (fuel card operators, fleet management platforms, navigation service providers) whose cards and apps are accepted at Milence hubs. Operators pay for network access and transaction processing.
4. Volume-Based Fleet Agreements: Tailored commercial agreements with high-volume fleet operators providing discounted per-kWh rates in exchange for committed charging volumes. Creates predictable revenue streams and customer lock-in while supporting fleet electrification planning.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Milence builds and operates a pan-European public charging network specifically for battery-electric heavy-duty trucks, deploying both CCS (up to 400 kW) and Megawatt Charging System (MCS, up to 1.44 MW) chargers along Trans-European Transport Network (TEN-T) freight corridors. The network is open to all truck brands and is complemented by the Milence Charge Card, mobile app, and fleet portal that enable cross-border session management, transparent country-based tariffs, and volume-based pricing for fleet operators.

Product overview

Milence offers a platform-plus-services model for pan-European electric heavy-duty truck charging. At its core is the Milence Charging Network — a public charging infrastructure platform comprising CCS (up to 400 kW) and Megawatt Charging System (MCS, up to 1,440 kW) hubs along major TEN-T freight corridors across nine countries. The network is accessible to all truck brands and is complemented by the Milence Charge Card for transparent cross-border billing, the Milence App for charger discovery and availability, and the Milence Portal for fleet-level operational oversight. Volume-based pricing agreements and the eMSP roaming partner program enable integration with fleet operators' existing payment and management systems. MCS deployment is supported by an Interoperability Lab in Arnhem, and expansion is driven through Location Partner and Site Operations Partner programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Milence Charging Network Pan-European public charging network for electric heavy-duty trucks, offering high-power CCS (up to 400 kW) and Megawatt Charging System (MCS, up to 1.44 MW) charging hubs along major TEN-T freight corridors. Open to all truck brands across nine European countries.
• Milence Charge Card RFID-based physical charge card providing fleet operators transparent, market-based tariffs, monthly invoicing, and cross-border charging access across the pan-European Milence network. Free to order with no subscription fees.
• Milence App Mobile application enabling truck drivers and fleet operators to locate Milence chargers, check real-time charger availability and charging speeds, view location amenities, register electric trucks, and manage charging sessions.
• Milence Portal Fleet management portal providing operational visibility into charging costs, session details, and charger availability across the network for fleet operators managing cross-border electric truck operations.
• Megawatt Charging System (MCS) Infrastructure High-power Megawatt Charging System infrastructure delivering up to 1.44 MW for long-haul electric trucks, enabling 20% to 80% state-of-charge recharge in approximately 30-45 minutes. Deployed across Milence's European charging hubs as part of the Antwerp-Stockholm MCS corridor.

Quantifiable outcome

• MCS reduces 20-80% SOC charging time to approximately 30 minutes, enabling compliance with EU mandatory driving break regulations
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered flagship (founding shareholder), core and supporting.

• Daimler Truckflagship (founding shareholder)Strategic or Co-development PartnerJoint venture co-founder alongside TRATON GROUP and Volvo Group, established July 8, 2022 as Commercial Vehicle Charging Europe B.V. (Milence). Daimler Truck provides electric truck fleet deployment support (eActros 600 MCS testing), co-investment in network deployment, and strategic alignment with TruckCharge brand charging initiatives. Represents both shareholder and customer/supporter relationship.
• TRATON GROUPflagship (founding shareholder)Strategic or Co-development PartnerJoint venture co-founder alongside Daimler Truck and Volvo Group. TRATON brands (Scania, MAN, Navistar, Volkswagen Caminhões e Ônibus) are deploying MCS-capable electric trucks and investing in charging infrastructure through Milence. MAN Charge & Go branded card accepted at Milence hubs. TRATON is transforming into a software-driven electric transport platform, leveraging Milence as infrastructure backbone.
• Volvo Groupflagship (founding shareholder)Strategic or Co-development PartnerJoint venture co-founder alongside Daimler Truck and TRATON GROUP. Volvo Group contributes electric truck deployment (Volvo FH Aero Electric, Renault Trucks E-Tech T), MCS interoperability testing at Landvetter hub, and co-development of charging solutions. Volvo Group's 600M+ km of electric truck accumulated driving provides validation data for network planning.
• Power ElectronicscoreTechnology or IntegrationPartnership for MCS (Megawatt Charging System) development and deployment. Power Electronics, a global leader in energy storage inverters, solar inverters, and e-mobility solutions, developed the MCS chargers deployed at Port of Antwerp-Bruges (February 2025), achieving 1,100 kW charging with Mercedes-Benz eActros 600 prototype. Partnership aims to deploy one of the first MCS solutions in Europe.
• Port of Antwerp-BrugescoreStrategic or Co-development PartnerStrategic location partner hosting two charging hub plots (Truck Parking Ketenis and Goordijk) with 30+ charging bays total. Port selected Milence via competitive process. The port's commitment to carbon neutrality by 2050 and existing renewable energy generation (solar/wind) support sustainable charging operations. Hosts MCS corridor launch connecting Antwerp to Stockholm.
• eMSP Partner Network (16 roaming partners)coreChannel Partner/ Reseller/ DistributorRoaming network of 16 e-Mobility Service Providers enabling contract-based charging access at Milence hubs: AS24, AVIA, BP Fleet Solutions, DKV, Eurowag, MAN Charge & Go, Daimler Trucks Card, Paua, Radius, Scania, Shell Recharge, TVM, UTA, Volvo, and WEX. Provides fleet operators consolidated billing and multi-network access through existing fuel card relationships.
• Site Operations PartnerssupportingImplementation/ SI/ Consulting PartnerPartners sought for electric/technical maintenance, civil works construction, electric technical construction, cleaning, and operations support at charging hubs. Partnership model enables Milence to focus on core charging operations while local partners handle site-level maintenance and service quality.
• Kuehne+NagelcoreStrategic or Co-development PartnerStrategic fleet partnership at Milence's first UK hub in Immingham. Kuehne+Nagel operates Volvo FM Battery Electric trucks collecting loads from Able Humber Port. Partnership includes operational data exchange to identify strategic hub locations and advance fleet electrification planning. Part of UK's £200M ZEHID Programme.
• KauflandcoreStrategic or Co-development PartnerFirst food retail sector partnership, with charging hub adjacent to Barsinghausen distribution center (opening Q2 2026). Kaufland operates 9 electric trucks saving ~700 tonnes CO₂e annually. Premium customer status gives priority charging access. Unique in food retail sector; model intended for replication at other Kaufland locations.
• Green Giraffe Advisory and UniCreditsupportingImplementation/ SI/ Consulting PartnerFinancial advisors to Milence for the €120M financing facility. Green Giraffe Advisory (infrastructure specialist) and UniCredit (investment bank) advised on capital markets strategy. Houthoff acted as legal counsel to Milence; A&O Shearman acted as legal counsel to the lenders.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Greenlane: Joint venture between Daimler Truck, NextEra Energy, and BlackRock building a public charging network for medium- and heavy-duty battery-electric trucks in the US. Directly comparable as an OEM-backed HDV charging JV; key overlap is Daimler Truck as a founding shareholder on both sides of the Atlantic.
• Terawatt Infrastructure: US-based company developing a national network of charging depots and public charging infrastructure purpose-built for heavy-duty electric trucks. Directly comparable as a dedicated HDV public charging operator serving enterprise fleets.
• Forum Mobility: US-based provider of zero-emission trucking infrastructure at port and warehouse locations with high-capacity charging for drayage and regional haul. Comparable as a port-anchored HDV charging operator serving enterprise logistics fleets.
• WattEV: US operator of public heavy-duty truck charging stations with solar and battery storage at logistics hubs and ports. Directly comparable as a public HDV-only charging network with on-site renewables and grid-integrated energy management.

Emerging players

• Ionity: European high-power charging (HPC) network JV between several automakers (BMW, Mercedes, Ford, Hyundai, VW, Audi/Porsche). Primarily passenger car-focused but operates along European motorways adjacent to Milence's HDV corridors; an emerging adjacency that could expand into HDV.

Broad incumbents

• bp pulse: BP's global EV charging arm offering depot and public charging solutions, including HDV and fleet offerings via partnerships. Comparable as a broad incumbent moving into HDV charging with capital depth and existing fleet card relationships overlapping with Milence's eMSP partners.
• Shell Recharge / Shell Fleet Solutions: Shell's EV charging business covering passenger and commercial vehicle charging, with fleet card integration via UTA Edenred (a Milence eMSP partner). Comparable as an incumbent energy major scaling into HDV/fleet charging with similar roaming and fuel-card dynamics.
• TotalEnergies: Global energy major with growing EV charging footprint and HDV ambitions across European truck corridors. Comparable as an incumbent fuel retailer entering public HDV charging and competing for corridor prime real estate.

Others

• Heliox: Netherlands-based provider of DC fast charging systems for e-buses and e-trucks, including opportunity charging and depot solutions. Comparable as a charging technology supplier/partner for HDV fleets operating in the same European geographies as Milence.
• Kempower: Finnish DC fast-charging technology vendor whose dynamic and satellite charging systems are deployed in heavy-duty truck and bus depots across Europe. Comparable as a charging technology provider enabling HDV electrification in Milence's adjacent customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@MilenceCharging
• LinkedInlinkedin.com/company/milence1
• Xx.com/MilenceEU

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Milence