The European Bank for Reconstruction and Development (EBRD) has approved an investment of up to €21 million in DKV Mobility Group SE, a leading pan-European fuel card and IT solutions provider headquartered in Germany. This investment will be used as a top-up to DKV Mobility’s Schuldschein (SSD), issued in June 2024, and aims to finance salary expenses for research and development (R&D) and software developers in Romania and Ukraine.
The EBRD’s investment is targeted at enhancing the functionalities of DKV Mobility’s products, particularly around the electric vehicle (EV) charging network. This includes improving technology tools that support the logistics sector in reducing emissions and facilitating the transition to low-emission EVs and eTrucks. The upgraded functionalities will address issues such as range anxiety, route planning, charging availability, and payment solutions, contributing to the reduction of emissions in a traditionally fuel-intensive industry.
The investment supports the development of tools that aid in emission reduction and promote the transition to low-emission vehicles. DKV Mobility is investing in human capital in Eastern Europe by introducing training programs on emerging digital skills, thus fostering inclusivity.
DKV Mobility Group SE consolidates DKV Group, which provides business-to-business on-road payment services and software solutions across Europe. The EBRD’s investment offers strategic support to DKV Mobility, enhancing the company’s expansion plans in Eastern Europe by providing financial backing and strategic comfort.
The project is categorized as B (ESP 2019) with low risk. An Environmental and Social Due Diligence (ESDD) based on the client’s questionnaire showed that the environmental and social impacts and risks associated with the project are limited and manageable through standard mitigation measures. The client has certified and effective management systems for environmental, health and safety, energy, and quality management in place and is compliant with local regulations. Furthermore, the ESDD included assessments of GDPR compliance and cybersecurity provisions, confirming their appropriateness.
EBRD Finance Summary:
- EBRD Investment: €21,000,000
- Total Project Cost: €105,000,000
The EBRD’s investment in DKV Mobility marks a significant step towards supporting the company’s growth and technological advancements. By financing R&D and software development salaries, the EBRD is aiding DKV Mobility in its mission to improve EV charging networks and digital solutions, ultimately contributing to a greener and more inclusive economy in Eastern Europe.
