Cabify aims to deploy 1,400 EVs in Spain
Spanish ride-hailing company Cabify is receiving a loan of 40 million euros 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, as well as the infrastructure needed to operate them.
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.
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.
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 […]
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.
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.
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.