| Project Detail |
The borrower is a digital freight forwarder that connects large shippers with small independent carriers using software technology. The project supports the further development of the companys platform automation and capabilities for network optimisation, better carrier routing as well as other investment into research and development (R&D) and market expansion.
Additionality and Impact
The project contributes to the policy objective of innovation and digitalisation by supporting an innovative software start-up offering a digital freight-forwarding platform. The financed developments lead to positive RDI externalities by supporting transparency and efficiency in logistics processes, enabling better utilisation of existing carrier capacities and road infrastructures in the EU. EIB provides the SME with tailored venture debt financing, enabling the companys sustainable growth and technological edge.
Objectives
The project will help the Promoter to further develop the capabilities of its digital freight-forwarding platform and support the international expansion of the business. The developments are expected to support the transparency and efficiency in logistics processes, enabling better utilisation of existing road carrier capacities and a reduction in empty kilometres travelled. |
