NEW CHARGING AND ENERGY STORAGE SOLUTIONS (EDP) (EIB-20180604)

Countries
  • France
  • Germany
  • Netherlands
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
THE MOBILITY HOUSE AG
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 16.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 16.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15 million
Converted using 2020-04-15 exchange rate.
Project Cost (USD)
$ 33.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 31 million
Converted using 2020-04-15 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 20, 2020

Disclosed by Bank Apr 15, 2020


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Project Description

According to EIB website, it aims to finance the growth of the company in the energy storage and vehicle-to-grid sectors in the period 2020-2023. The company provides innovative charging and energy storage solutions for the mobility and energy industries. Its proprietary technology digital platform allows the integration of electric vehicles (EVs) into the power grid to charge and discharge their batteries along with stationary battery storage assets. 

Investment Description
  • European Investment Bank (EIB)
Private Actors
Contact Information

No contact information provided at the time of disclosure. 

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