The European Bank for Reconstruction and Development (EBRD) has accredited a €21 million funding in DKV Mobility Group SE, a leading European fuel card and IT solutions provider based in Germany. This investment will be used to fund labor costs for R&D and software developers in Romania and Ukraine. It will complement DKV Mobility’s Schuldschein (SSD), which was issued in June 2024.
The EBRD’s investment targets to enhance DKV Mobility’s products’ functioning, particularly the network for charging electric vehicles (EVs).This entails modernizing technology to assist the logistics sector in cutting emissions and speeding up the switch to EVs and eTrucks with low emissions. The enhanced functionality will address issues like range anxiety, route planning, charging availability, and payment alternatives, all of which will contribute to lower emissions in a firm that is usually fuel-intensive.
The funding goes toward the creation of instruments to help cut emissions and encourage the switch to low-emission automobiles.DKV Mobility is establishing training programs on emerging digital skills and investing in human capital throughout Eastern Europe in order to promote inclusivity.
DKV Group, which offers software solutions and business-to-business on-road payment services throughout Europe, is consolidated into DKV Mobility Group SE.By providing financial support and strategic comfort, the EBRD’s investment helps DKV Mobility achieve its expansion goals in Eastern Europe.
The project has a low risk classification of B (ESP 2019). Based on the client’s questionnaire, an Environmental and Social Due Diligence (ESDD) revealed that the project’s risks and effects on the environment are controlled and reduced by common mitigation techniques. The client complies with local laws and has certified and efficient management systems in place for energy, environmental, health and safety, and quality control. Additionally, assessments of cybersecurity and GDPR compliance were incorporated in the ESDD, attesting to their suitability.
With its investment in DKV Mobility, the EBRD is making a major contribution to the company’s expansion and technological development.The EBRD is supporting DKV Mobility in its goal to enhance EV charging networks and digital solutions, ultimately leading to a greener and more equitable economy in Eastern Europe, by funding salaries for R&D and software development.
