Starship Technologies, a maker of autonomous delivery robots, has agreed on a €50 million quasi-equity facility agreement with the European Investment Bank.
The lending arm of the European Union and one of the largest providers of climate finance, the EIB supports projects that promote the priorities and objectives of the EU.
This financing, which is supported by the European Fund for Strategic Investments, has been facilitated via a venture loan, and will be used for research and development, including the building of thousands more robots at Starship’s engineering and innovation facility in Tallinn. [Read more…] about Starship Technologies agrees €50 million funding from European Investment Bank