The European Investment Bank (EIB) and The Mobility House, a Munich-based technology company and solution provider for charging services, have signed a €15 million ($18 million) financing agreement to promote the integration of electric vehicles into the European energy markets.
The loan will allow The Mobility House to move forward with the research and development for its intelligent charging and energy management system ChargePilot, thereby supporting the rollout of electric vehicles along with their cost-effective and optimized integration into the power grid in Europe.
“Whilst e-mobility alone will not stop climate change, it is a powerful tool to help us limit the rise in global temperatures to sustainable levels,” said Ambroise Fayolle, vice president in charge of innovation at EIB. “The Mobility House has devised a technology with significant potential to make electric mobility more attractive and expand the use of renewable energies.”
Bidirect
