Signature(s)
Summary sheet
- Credit lines - Credit lines
The project consists of the intermediate financing of about 2,400 of Zero-Emission Battery Electric Vehicles (BEVs) in the 2021-2022 period.
The operation is aimed at supporting climate action projects (100%) promoted by small and medium-sized enterprises (SMEs) in Italy linked to the acquisition of electric vehicles.
The EUR 50.0m operation is aimed at supporting Climate Action projects (100% contribution to CA) promoted by SMEs in Italy mostly linked to the acquisition of Zero Emission Battery Electric Vehicles (BEVs). Over the last years, IFIS developed partnership with the main BEV producers and is expected to further expand this business line thanks to the EIB's funding support. The financing of this project contributes to EIB's lending priority objectives on Climate Action and Environmental Sustainability as well as on climate action (transversal) and economic and cohesion (transversal).
The promoter's investments address the market gaps associated with (i) the still imperfect competition and incomplete markets for very innovative and still market-entry stage vehicle electrification, automation and connectivity technologies, (ii) projects promoting positive environmental, safety and knowledge externalities.
Overall, the project is expected to generate good quality and results, improving the access to finance to SMEs and to the wider society.
The proposed operation will contribute to the EIB Climate Strategy by boosting investments aimed at tackling Climate Change and by increasing Climate Change awareness in Italy.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
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).
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.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
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.
Related publications