Release date: 21 October 2024
Promoter – Financial Intermediary
TRAILER DYNAMICS GMBHLocation
Description
The project will support the company's investments in electric trailer technology and production capacity in Germany over the next 3 years (2025-2027).
Additionality and Impact
The Project is in line with the Invest EU eligible objective of the development of sustainable and safe transport infrastructures and mobility solutions, equipment and innovative technologies in accordance with the European Union transport priorities and the commitments taken under the Paris Agreement (Annex II of InvestEU Regulation) and aligns with specific eligibilities under Mobility: Supporting the renewal and retrofitting of transport mobile assets with the view of deploying low-emission and zero-emissions mobility solutions, including the use of alternative fuels in vehicles of all transport modes as well as Thematic - Green Transition: Future Mobility.
The Project concerns enhancing electric trailer technology and production capacity. The Project is eligible under Article 309 point (c) common interest (Transport; Competitive Industries). The Project contributes to the Bank's Climate Action and Environmental Sustainability policy objectives.
The Project addresses the market failures associated with (i) positive externalities of electrification in road transport by reducing emissions, (ii) network effects due to the interdependency between the markets for electric vehicles and charging infrastructure, and (iii) knowledge externalities by developing electric trailer technology.
The benefit of InvestEU in this specific case is the reinforcement of the Bank's risk capacity, which allows the Bank to address a distinct market failure and sub-optimal investment situations arising from the ongoing difficult context of fundraising for cleantechs.
The Project financing provided by the EIB in the form of venture debt is crucial and innovative for the Company, and allows Trailer Dynamics to accelerate its development and deployment. With the EIB participation, the Promoter will be able to diversify its funding sources and improve its financing conditions.
The project would not have been carried out (to the same extent) by the EIB without the InvestEU support.
Objectives
The aim is to contribute to speed up electrification of road freight transport in Europe. Hence, the project supports a wide range of EU policies and contributes to the European decarbonisation objectives.
Sector(s)
- Services - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 92 million
Environmental aspects
The project also covers components of technology development, production scale-up costs including industrialisation, equipment and materials. Project components do not fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending 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
Signed - 5/11/2025