EIB backs Bucharest-based mobility service provider Autonom with €15M: Know more

Picture credit: EIB

Bucharest-based Autonom Group, a automobile rental firm, introduced on Tuesday, September 27, that it has obtained €15M from the European Funding Financial institution (EIB), marking the EIB’s first funding in inexperienced enterprise transport in Romania.

Autonom says the funds will assist it to speed up the transition to utilizing low-emission automobiles in Romania and assist companies cut back carbon emissions. 

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The capital will even allow the Romanian mobility service supplier to make use of extra electrical and hybrid automobiles, that are at the moment in restricted provide for long-term enterprise use. The corporate will purchase 895 low-emission automobiles – 705 electrical and 190 hybrids. 

EIB says low-carbon car leasing will assist enterprise customers to save cash and cut back carbon emissions. Autonom can also be planning to put in photo voltaic panels and electrical charging stations in chosen workplaces all through the nation to energy automobiles.

Autonom: What you could know

Autonom is a automobile rental firm with protection in 46 areas in 33 cities, and a fleet of over 12.000 new vehicles. The corporate gives its prospects – firms and people – quite a lot of mobility and monetary options, together with  rent-a-car, working lease, tools lease, highway help, switch providers, and fleet administration. 

“Immediately marks a milestone in Romania’s inexperienced transition of Autonom and transport. The primary cooperation with the European Funding Financial institution will allow €15M of visionary new funding in inexperienced enterprise transport that can lower carbon emissions and cut back air pollution throughout our nation,” says Marius Stefan, CEO and co-Founding father of Autonom.

EIB: What you could know

The EIB is the European Union’s long-term lending establishment owned by the EU Member States. It gives long-term loans for investments that help EU coverage objectives. 

Infrastructure, innovation, local weather and atmosphere, and SMEs are the financial institution’s high precedence mission funding areas. Final yr, the European Funding Financial institution Group supplied €907M for brand new investments throughout Romania.

During the last 31 years, the EIB Group has supplied greater than €18B for private and non-private sector investments throughout Romania.

“Transport represents nearly 1 / 4 of Europe’s greenhouse fuel emissions and is the principle explanation for metropolis air air pollution. The brand new EUR 15 million European Funding Financial institution financing to Autonom will allow 895 inexperienced automobiles for use for enterprise transport throughout Romania. This new cooperation exhibits how local weather motion may be an integral a part of enterprise funding,” says Christian Kettel Thomsen, European Funding Financial institution Vice President.

This yr, the EIB has backed Germany’s largest automotive provider MAHLE, Netherlands-based Collé Rental & Gross sales, Polish biopharmaceutical firm Ryvu Therapeutics, Finnish self-driving tech startup Wise 4, and extra.