Dogus Oto EV (IFC-49409)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 29, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Dogus Otomotiv Servis ve Ticaret A.S.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.16 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 130
Converted using 2025-07-29 exchange rate.
Loan Amount (USD)
$ 150.16 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 130
Converted using 2025-07-29 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 15, 2025

Disclosed by Bank Sep 10, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the information provided on the project disclosure page, IFC is considering a loan of up to €130 million (m) to support Dogus Otomotiv Servis ve Ticaret A.S. (Dogus Otomotiv) to finance the purchase of electric vehicles (EV), thereby reducing the proportion of Internal Combustion Engine (ICE) vehicles in its sales mix and finance its working capital and/or other corporate needs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Dogus Otomotiv Servis ve Ticaret A.S. is publicly listed on the Istanbul Stock Exchange (ISE) and a subsidiary of Dogus Holding of Türkiye where Dogus Holding remains the majority shareholder. Dogus Holding controls 60.5% of shares, while the rest of the shares are publicly traded on Borsa Istanbul since 2004.

Dogus Otomotiv was founded in 1994 as Dogus Holding’s automotive distribution, sales, and service arm. The company operated as a private entity up until 2004, when it went public on the ISE and has been publicly trading since then. Dogus Otomotiv has approximately 2000 employees and three subsidiaries: Dogus Oto Pazarlama ve Ticaret AS, the retail outlet of Dogus Otomotiv, Dogus Sarj Sistemleri Pazarlama ve Ticaret AS (D-Sarj), a recently established electric vehicle charging network company, and Dogus Gayrimenkul Yatirim Ortakligi A.S., a recently acquired real estate investment trust company. Dogus Oto offers sales of new vehicles, used vehicles, spare parts, accessories, and after-sales services for seven brands of vehicles (VW Passenger Car, Audi, Seat, Cupra, Skoda, Porsche and VW Commercial Vehicle brands) in the provinces of Istanbul, Ankara, Bursa and Kocaeli.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Dogus Holding AS Parent Company Industry and Trade owns Dogus Otomotiv Servis ve Ticaret A.S. Client Transport

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Client - Dogus Otomotiv:

Mehmet Uzun - Finance Manager
Phone: +90 262 676 90 90
Email: Muzun@dogusotomotiv.tr
Address: Sekerpinar Mahallesi, Anadolu Cad. No:45 D Çayirova / Kocaeli
Website: www.dogusotomotiv.com.tr

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works