Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20200169
    Release date: 8 September 2020

    Promoter – Financial Intermediary

    MAGAZINO GMBH

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 33 million

    Environmental aspects

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

    Procurement

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

    Status

    Signed - 23/09/2020

    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).

    Related tags

    Germany Industry