Latitude, part of Italy’s FIMM Group, has secured its first €1.5 million financing agreement from Intesa Sanpaolo to accelerate the rollout of its electric vehicle (EV) charging brand, Eleven.
Backed by InvestEU and guaranteed by the European Investment Fund (EIF), the funding will support the installation of the company’s first 100 charging points — including 60 AC units for company car parks and sporting facilities, and 40 DC fast chargers at hospitality and service sites across northern Italy.
The initiative forms part of Latitude’s broader plan to develop a scalable charging infrastructure network aligned with Europe’s decarbonisation and digitalisation goals.
Backed by Europe’s sustainable finance program
InvestEU was created to simplify access to European Union funds by bringing multiple financial instruments under a single umbrella. It supports projects that accelerate the transition to sustainable and digital economies while encouraging private investment in clean technologies and infrastructure.
Latitude’s General Manager Franco Valentini said the collaboration reflects confidence in electric mobility as a practical solution for businesses and citizens.
“This financing allows us to strengthen our growth plan by supporting the installation of charging infrastructure across the country,” he said. “The collaboration with Intesa Sanpaolo and the strategic support from InvestEU confirm that electric mobility represents a practical and sustainable solution for citizens and businesses.”
Latitude CEO Giuseppe Mastropieri added that the agreement highlights how major financial institutions are backing innovation-led small and medium enterprises (SMEs).
“This financing from Intesa Sanpaolo makes us proud because it is a virtuous example of a major bank supporting SMEs that invest in innovation and sustainability,” he said. “New mobility is not only a driver for electrification and emissions reduction — it’s a choice towards a highly digitalised economic model with enhanced infrastructure for Italian companies.”
Demand for charging infrastructure continues to grow
Italy’s EV market is expanding rapidly, with electric car registrations increasing by 63.3% in early 2025, compared with a European average of 21.7%. The country’s public charging network surpassed 60,000 charge points at the end of 2024, according to the Smart Mobility report from the Politecnico di Milano.
Latitude operates within FIMM Group’s S/PARK Green Hub in Bologna, where it collaborates with renewable energy subsidiaries REA and GreenGo to deliver integrated sustainable mobility and clean-energy solutions.
