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    Reference: 20210330
    Release date: 19 November 2021

    Promoter – Financial Intermediary

    STARSHIP TECHNOLOGIES HOLDINGS INC

    Location

    Description

    Starship Technologies, founded in Estonia, develops last mile delivery solutions based on autonomous mobile robots. The investment supports the company's business expansion and further research and development (R&D) in behavioural intelligence and other robotics areas.

    Objectives

    The project contributes to the further development of the company's advanced robotic autonomous driving technology and the deployment of its automated delivery services in the EU; it will contribute to strengthen the role of the EU in the fields of advanced autonomous driving and robotic technologies and further expand its technological edge.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 103 million

    Environmental aspects

    The project activities do not fall under the Annexes of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Therefore, the activities are not subject to a mandatory environmental impact assessment (EIA).

    Procurement

    The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, and thus is not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.

    Status

    Under appraisal - 19/11/2021

    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

    Estonia Services