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    Reference: 20200170
    Release date: 11 November 2020

    Promoter – Financial Intermediary

    VU LOG SA

    Location

    Description

    Deployment of an information technology (IT) platform to be used by shared mobility services in the EU.

    Objectives

    The project contributes to EU objectives of phasing out conventionally fuelled cars in urban transport, modal shift to more sustainable modes to reduce congestion and pollution in cities and the implementation of EU legislation on air quality (Directive 2008/50/EC) by reducing urban transport-related air pollution. The project supports Sustainable Development Goals (SDGs), particularly SDG 13 "Climate Action," SDG 11 "Sustainable cities and communities" and SDG 3 "Good health and well-being." By enabling the provision of electric mobility to travellers, the project also contributes to mobilising investment in electric vehicle (EV) industries and EV charging (EVC) infrastructure, thus improving the supply of electric mobility in the urban context.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 31 million

    Environmental aspects

    The project has a significant positive social and environmental impact. No significant negative environmental impact is expected (no environmental impact assessment (EIA) is required as project components do not fall under Annex I or II of EIA Directive). By facilitating EV shared mobility in European cities, the project has significant environmental benefits in terms of positive externalities, including the reduction of emissions of CO2, NOx and particulate matter (PM). No negative social impact is expected. The project is expected to yield significant positive impacts due to health benefits (i.e. reduction of air pollution) and improved road safety (i.e. dynamic pricing and warning schemes motivating users to drive carefully).

    Procurement

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

    Status

    Signed - 18/12/2020

    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

    France Transport