€20M EBRD loan to Lion Rental for investment in electric vehicles

The total investment amounts to €25 million and is financed through a combination of EBRD funding, Recovery and Resilience Facility (RRF) loans provided through the Greek authorities under the national “Greece 2.0” plan, which is funded by the European Union’s NextGenerationEU programme, as well as the company’s own equity contribution.

This is the final EBRD project in Greece to be signed under the RRF framework.

The financing will be directed towards replacing internal combustion engine vehicles with electric vehicles in Lion Rental’s rental and leasing fleet. The investment foresees the addition of approximately 650 electric cars, contributing to the modernisation of the vehicle rental market and promoting cleaner mobility solutions.

According to the EBRD, the investment is expected to reduce carbon dioxide emissions by up to 652 tonnes annually, supporting Greece’s targets for the transition towards more sustainable forms of transport.

The financing is part of the EBRD’s strategy to support the green transition, as the electrification of vehicle fleets contributes to improved air quality, reduced greenhouse gas emissions and the broader adoption of electric vehicles by businesses and consumers.

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

The EBRD’s institutional presence in Greece formally concluded in 2025; however, the bank continues to implement projects approved before the end of its mandate and manage its existing portfolio in the country.

Since commencing operations in Greece, the EBRD has invested more than €9 billion across all key sectors of the Greek economy, establishing itself as one of the country’s leading institutional investors.