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Summary sheet

Release date
2 December 2025
Status
Reference
Approved | 18/12/2025
20250309
Project name
Promoter - financial intermediary
TECHEU VD WIREPAS (IEU FT)
WIREPAS OY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 24 million
EUR 54 million
Location
Sector(s)
Description
Objectives

Wirepas is a company that develops ultra-resilient "wireless mesh networks" for industrial monitoring IoT applications, providing reliable, wireless, and scalable connectivity as a key selling point. The project funding will support research, development and innovation aimed at improving the software stack platform for Internet of Things (IoT) devices in sectors such as smart metering, smart building and smart tracking. It will also promote the standardisation of radio frequency (RF) communication within the 1.9 GHz unlicensed band, enabling wider adoption and greater efficiency.

The investment will expand IoT firmware portability, ensuring compatibility with new hardware and strengthening interoperability across technologies. In addition, it will accelerate geographic expansion, introducing these innovations to new markets. This initiative is expected to create a more scalable and efficient IoT ecosystem, enhancing connectivity and communication standards for emerging applications.

Environmental aspects
Procurement

The project's activities will be performed in existing buildings with no relevant environmental impacts expected. The project does not fall under the environmental impact assessment (EIA) Directive 2011/92/EU, as amended by the EIA Directive 2014/52/EU, therefore no EIA is required.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, and is thus not subject to EU rules on public procurement.

Milestone
Approved
18 December 2025
Related projects
Link to source

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) - TECHEU VD WIREPAS (IEU FT)
Publication Date
23 Dec 2025
Document language
Main Topic
Lending
Document Number
248303403
Document Focus
Environmental Information
Project Number
20250309
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

General enquiries and comments

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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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