Release date: 3 June 2025
Promoter – Financial Intermediary
STIQ DELIVERY LTDLocation
Description
STIQ has developed a technology-enabled "virtual kitchen" platform that integrates and operates a cloud kitchen network of distinct food brands which are prepared and delivered from multiple culinary hubs.
Objectives
The objective of this project is to support STIQ in enhancing its technology and driving sustainable, long-term growth. Through targeted investments in artificial intelligence, innovation, and product and service development, STIQ will be better equipped to deliver higher-quality food more quickly and affordably to customers. This initiative also promotes automation and efficiency in a sector and region where AI-driven solutions remain largely untapped.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 47 million
Environmental aspects
The investments will concern research and development (R&D) activities carried out in already existing facilities. Therefore, the project does not fall under the EIA Directive 2011/92/EU as amended by the Directive 2014/52/EU.
Procurement
The promoter has been assessed by the EIB as being a private company not 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).