EIB and Stark Future Partner for €40 Million Loan in Electric Motorcycle Innovation
Tuesday, 17 September 2024, 05:14
EIB and Stark Future’s Strategic Loan Agreement
In a pivotal move for sustainable transportation, EIB and Stark Future have formalized a €40 million loan agreement. This funding will specifically target innovation and enhanced production capabilities in the electric motorcycle market.
Funding Objectives
- The loan aims to finance research and development (R&D) efforts.
- It will support the manufacturing scale-up of electric motorcycles.
- This initiative contributes to EIB’s overarching climate and technology objectives.
Endorsement from the EU
This operation benefits from the backing of the EU’s InvestEU programme, underscoring its commitment to climate action and innovation. The support will not only bolster Stark Future's market positioning but also promote sustainable practices within the industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.