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    Signature(s)

    Amount
    € 12,000,000
    Countries
    Sector(s)
    Germany : € 12,000,000
    Industry : € 12,000,000
    Signature date(s)
    23/09/2020 : € 6,000,000
    23/09/2020 : € 6,000,000
    Link to source

    Summary sheet

    Release date
    8 September 2020
    Status
    Reference
    Signed | 23/09/2020
    20200169
    Project name
    Promoter - financial intermediary
    MAGAZINO ROBOTICS (EGFF)
    MAGAZINO GMBH
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 12 million
    EUR 33 million
    Location
    Sector(s)
    Description
    Objectives

    Magazino develops advanced robots for the use in warehouse and production logistics, able to perform manipulative tasks, navigate autonomously and safely collaborate with human workers, as well as the software to run machinery and robots alike. The financing supports the further development of the robots' behavioural intelligence and their application in new domains.

    The project supports software and hardware developments in the area of autonomous mobile robots, increasing their range of applications in warehouse and production logistics. Industrial and e-commerce clients benefit from higher productivity, advanced safety, increased flexibility and better operational business resilience, e.g. during times of high demand fluctuation.

    Environmental aspects
    Procurement

    The activities to be financed are not listed in any annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU.

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

    Link to source

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - MAGAZINO ROBOTICS (EGFF)
    Publication Date
    1 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    131919689
    Document Focus
    Environmental Information
    Project Number
    20200169
    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
    20180667
    Last update
    19 Aug 2020
    Sector(s)
    Services
    Countries
    Bulgaria, Kenya, Ghana, Mexico, Philippines
    Publicly available
    Download now

    News & Stories

    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    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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