| Project Detail |
InstaFreight is a Berlin-based digital freight forwarder that connects large shippers with small independent carriers using software technology.
The project supports the policy objective of support for SMEs, as well as innovation and digitalisation by providing tailored venture debt financing to InstaFreight, an innovative start-up, offering digital freight-forwarding services through its platform that intelligently connects shippers and carriers through its operations in Germany and Poland.
The financed developments are expected to lead to positive RDI externalities by supporting transparency and efficiency in logistics processes, enabling better utilisation of existing carrier capacities and road infrastructures.
EIBs financial contribution facilitates the SMEs sustainable growth and helps to maintain its technological edge, despite the adverse economic conditions resulting from the COVID-19 outbreak. Furthermore, it provides a positive signalling effect to crowd-in further financing from private investors.
Objectives
The objectives of the EIB financing are to support the company to mitigate the impact from the COVID-19 pandemic and to execute its growth investments, mainly in research and development (R&D) and commercial expansion. |
