Release date: 8 September 2020
Promoter – Financial Intermediary
MAGAZINO GMBHLocation
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)
- Industry - Manufacturing
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 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).