Release date: 3 February 2022
Promoter – Financial Intermediary
SENNDER GMBHLocation
Description
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 company's 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 company's 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.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 88 million
Environmental aspects
The project activities do not fall under Annexes I and II of the EIA Directive 2014/52/EU amending Directive 2011/92/EU, and are therefore not subject to a mandatory environmental impact assessment (EIA). The activities included in the scope of the project will be performed in existing buildings and are not expected to have any relevant environmental impact. The Bank's services will review during the project appraisal any other environmental details of the project.
Procurement
The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation, then the Bank would require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation.
Status
Signed - 6/09/2021
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).