Oct 24, 2022 - 04:13 pm
Webasto receives major EIB loan for battery development
The automotive supplier Webasto receives a loan from the European Investment Bank (EIB) for the development of batteries for electric vehicles. The ‘Green Loan’ comprises 100 million euros and is intended to help create financial leeway to implement the business strategy.
Aug 31, 2022 - 03:37 pm
EIB funds Mahle for low- & zero-emission technologies
Automotive supplier Mahle is receiving a loan of 300 million euros from the European Investment Bank (EIB) for the development of new technologies related to zero- and low-emission technologies such as battery electric vehicles, plug-in hybrids and hydrogen fuel cell vehicles.
May 11, 2022 - 04:07 pm
Cabify aims to deploy 1,400 EVs in Spain
Spanish ride-hailing company Cabify is receiving a loan of €40 million from the European Investment Bank (EIB) for its fleet decarbonisation project. This financing aims to deploy 1,400 electric vehicles in Spain over the next few years.
Feb 15, 2021 - 03:54 pm
Forsee Power raises 105 million euros in capital
French battery manufacturer Forsee Power has raised 105 million euros in capital, including a 50-million-euro loan from the European Investment Bank (EIB). The company will use the money to expand its product range and increase its manufacturing capacity.
Jan 6, 2021 - 03:43 pm
Wenea to build 470 fast chargers in Spain
The European Investment Bank (EIB) has provided 50 million euros to charging infrastructure provider Wenea for building more than 470 fast chargers for electric cars nationwide in Spain by the end of 2022.
Jul 31, 2020 - 01:19 pm
Endesa receives EIB funding for charging network
In November 2018, the Spanish energy supplier Endesa announced the establishment of over 8,500 public charging points for electric vehicles in Spain by 2023. Endesa will now receive 35 million euros from the European Investment Bank to implement the plan.
Apr 24, 2020 - 05:17 pm
LG Chem secures €500M for Polish factory expansion
Battery cell manufacturer LG Chem has signed loan agreements with three South Korean banks for a total of 700 billion won – equivalent to around 550 million euros – to finance the expansion of its production capacities in Poland.
Mar 26, 2020 - 01:05 pm
Audi is considering battery assembly in Germany
Audi is planning an assembly plant for electric car battery packs near its plant in Ingolstadt. The cells for this are to continue to come from LG Chem. The Korean battery manufacturer also received a loan from the EIB for the expansion of the plant in Poland to what they say will be the world’s […]
Feb 27, 2020 - 05:54 pm
Enel X secures funding through AMBRA-E
Enel X has secured funding for the AMBRA-Electrify Europe project (AMBRA-E for short) that it coordinates. This project involves investments of 70.75 million euros and includes the construction of more than 3,000 charging stations in Italy, Spain and Romania by 2022.
Jan 12, 2020 - 09:00 pm
EIB funding for electric buses in Spain
The European Investment Bank is providing 27.5 million euros to finance the introduction of cleaner buses in Spain. Specifically, it will support the modernisation of Grupo Ruiz’s bus fleet through the purchase of 32 electric and 141 natural gas buses for public transport.
May 31, 2019 - 04:52 pm
Barcelona is acquiring new electric and hybrid buses
The Catalan metropolis wants to reduce the emissions of its public transport system. To this end, Transports Metropolitans de Barcelona aims to purchase 254 environmentally friendly buses. The project is financed with a loan from the European Investment Bank.
May 16, 2019 - 02:23 pm
EIB gives first clearance for €350M loan for Northvolt
The European Investment Bank (EIB) has announced their principle agreement to support the financing of Northvolt’s planned battery factory for the production of lithium-ion cells in Skellefteå, Sweden, with a loan of 350 million euros.