Release date: 14 April 2020
Promoter – Financial Intermediary
D-ORBIT SPALocation
Description
The project concerns the development, assembly, testing and the launch of satellite subsystems and entire spacecrafts. The launch itself will be carried out by specialised launch service providers. The R&D programme includes the years from 2020 to 2023.
Objectives
This project will support the growth of the company and the development of its products and services also in new target markets.
Sector(s)
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 51 million
Environmental aspects
The operation concerns the promoter's investments in technology and product development. Due to the nature of the operation (mainly R&D and innovative information technologies, sales and marketing investments), it does not fall under 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 being subject to EU rules on public procurement or concessions.
Status
Signed - 31/07/2020
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).