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    Signature(s)

    Amount
    € 3,229,126.07
    Countries
    Sector(s)
    France : € 3,229,126.07
    Transport : € 3,229,126.07
    Signature date(s)
    18/12/2020 : € 3,229,126.07

    Summary sheet

    Release date
    11 November 2020
    Status
    Reference
    Signed | 18/12/2020
    20200170
    Project name
    Promoter - financial intermediary
    VULOG (FM)
    VU LOG SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 17 million
    EUR 31 million
    Location
    Sector(s)
    Description
    Objectives

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

    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.

    Environmental aspects
    Procurement

    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).

    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.

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    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - VULOG (FM)
    Publication Date
    13 Jan 2021
    Document language
    Main Topic
    Lending
    Document Number
    133527379
    Document Focus
    Environmental Information
    Project Number
    20200170
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet
    Data sheet

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    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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