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    Reference: 20220255
    Release date: 14 March 2023

    Promoter – Financial Intermediary

    VOLTA TRUCKS AB

    Location

    Description

    The project concerns the roll out of the Company's Truck as a Service (TaaS) infrastructure over the period 2023-2026. TaaS is an end-to-end service offering consisting of access to charging infrastructure, maintenance and repair, telematics and fleet management platform, etc.

    Objectives

    The aim is contributing to the electrification of the road transport sector, by facilitating electric trucks deployment. The project is in line with the European Commission's comprehensive framework of policies to reduce greenhouse gas emissions, including the Sustainable and Smart Mobility Strategy (December 2020) and the EU Green Deal (November 2021). Additionally, the project contributes to the EIB's objective for Sustainable Transport and Climate Action and hence is in line with the Bank's lending objectives and Transport Lending Policy.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 87 million

    Environmental aspects

    None of the components of the project is listed in the project categories of Annexes I and II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU on the assessment of the effects of certain public and private projects on environment).

    Procurement

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

    Status

    Under appraisal

    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).

    Related tags

    Austria France Germany Italy The Netherlands EU Countries Spain Sweden Transport