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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Italy : € 30,000,000
    Services : € 30,000,000
    Signature date(s)
    30/11/2018 : € 15,000,000
    30/11/2018 : € 15,000,000
    Link to source

    Summary sheet

    Release date
    17 December 2018
    Status
    Reference
    Signed | 30/11/2018
    20180214
    Project name
    Promoter - financial intermediary
    MOTORK (EGFF)
    MOTORK ITALIA SRL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 75 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of investments in MotorK's Software as a Service (SaaS) platform and online marketplace as well as in sales and marketing expenses. The expenditures will take place in Europe in the 2018-2021 period. MotorK is a software company providing in-cloud solutions to automotive original equipment manufacturers (OEMs), dealers and final customers. The company was founded in 2011 in Milan by three serial entrepreneurs who are still running the company. As of today, the company has 300 full-time equivalents (FTEs) with subsidiaries in UK, France, Spain and Germany. MotorK offers a portfolio of integrated digital products and services designed to support automotive dealers and sales teams in navigating the challenges and seizing the opportunities posed by the digital economy. In particular, MotorK develops and sells two products: DriveK (designed for OEMs) and DealerK (designed for auto dealers).

    This project will support the growth of the company and the expansion of its target markets.

    Environmental aspects
    Procurement

    The project concerns investments in research, development and engineering (RDE) activities for the development of a complete digital automotive marketplace and dealer support platform as well as in operating expenditures supporting the growth of the company. The RDE activities take place in existing locations without environmental impacts and do not require any environmental authorisations.

    The company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the Bank are considered acceptable.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - MOTORK (EGFF)
    Publication Date
    13 Mar 2019
    Document language
    Main Topic
    Lending
    Document Number
    84832035
    Document Focus
    Environmental Information
    Project Number
    20180214
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170859
    Last update
    19 Aug 2020
    Sector(s)
    Industry
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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