Release date: 4 November 2019
Promoter – Financial Intermediary
ROBART GMBHLocation
Description
Robart is an Austrian company that develops navigation and control units for household robots, including a patent protected compact laser sensor and software with artificial intelligence features. Robart's technology makes intelligent robotic navigation more efficient and improves human-robot interaction. The project finances research and development (R&D) to further enhance the functionality and intelligence of the robots and the company's market expansion.
Objectives
Development and commercialisation of next generation robotic navigation systems based on enhanced software and hardware, primarily dedicated to the household environment.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 9 million
Total cost (Approximate amount)
EUR 19 million
Environmental aspects
The activities to be financed are not listed in any annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU.
Procurement
The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.
Status
Signed - 19/12/2019
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).