Release date: 29 October 2020
Promoter – Financial Intermediary
NAVVIS GMBHLocation
Description
The project concerns the Promoter's investments in the development of indoor mapping and navigation hardware and software, as well as capex in equipment to provide end-to-end mapping and navigation managed services, in the short-term to carmakers and other manufacturing-intensive clients, with a view on expanding to other sectors in the future.
Objectives
The research, development and innovation (RDI) activities in support of the Promoter's product development and its market expansion.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 41 million
Environmental aspects
The project activities do not fall under Annexes I and II of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU and are therefore not subject to mandatory environmental impact assessments (EIA). Moreover, the RDI activities will take place in existing locations, which will not change their scope due to the project. Therefore, the project is not expected to have any relevant environmental impact and will not require environmental authorisations.
Procurement
The company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not subject to the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the EIB are considered acceptable.
Status
Signed - 8/04/2020
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).