Summary sheet
The project will support Traton Group's research, development and innovation (RDI) investments in modular vehicle architecture.
The objectives are to provide standardised interfaces, enhance flexibility, enable rapid technology integration and optimise production. The project aims to support interchangeable systems and modules, improve adaptability to meet specific customer requirements, ensure quick and scalable introduction of new technologies and reduce development lead times.
The Project concerns the Promoter's investments to develop innovative modular vehicle architectures enabling the decarbonisation and safety improvement of commercial vehicles.
It will further knowledge creation and diffusion through the Promoter's collaborations with customers, industrial and supply chain partners. It will also contribute to a continued reskilling and upskilling of Promoter's resources, in addition to integrating additional skills to meet the needs emerging from automotive industry transformation.
The financing of this RDI project is therefore set to generate positive knowledge, environmental and adoption externalities. Such investments contribute to the Bank's "Innovation, Digital and Human Capital" public policy objective. EIB financing supports the Promoter's investments addressing market failures and gaps associated with imperfect competition and incomplete markets for innovative technologies, and those addressed by projects with positive knowledge and environmental externalities generation.
This Project will help the Promoter to implement its strategic objectives and strengthen its know-how, competence and position in the technology fields associated in particular with its sustainability strategy. As such, it will help the promoter to address the evolving market and technology context, the ongoing transformations in its customer industries, the relevant customer needs and to achieve its medium and long-term sales and profitability targets.
The Bank will support the company with access to long-term financing with customised and flexible financial terms and conditions, which increase the Promoter's average debt maturity. The Bank's financing will have a positive signalling effect to other financiers, demonstrating the Project's soundness and quality.
The project includes RDI activities that are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive and that will be carried out in existing RDI facilities without changing their already authorised scope. The project will therefore not require an EIA under the directive 2014/52/EU amending directive 2011/92/EU.
The promoter is a private company not operating in the Utilities sector and not having a status of a contracting entity. Thus, it is not covered by EU Directives on procurement.