The European Bank for Reconstruction and Development (EBRD) has authorised a €21 million investment in DKV Mobility Group SE, a prominent European fuel card and IT solutions provider based in Germany. This investment will supplement DKV Mobility’s Schuldschein (SSD), which was issued in June 2024, and will be used to cover payroll expenditures for R&D and software developers in Romania and Ukraine.
The EBRD’s investment aims to improve the functionality of DKV Mobility’s goods, notably the electric vehicle (EV) charging network. This involves upgrading technological solutions to help the logistics industry reduce emissions and facilitate the transition to low-emission EVs and eTrucks. The increased functionality will handle concerns such as range anxiety, route planning, charging availability, and payment options, all of which will help to reduce emissions in a typically fuel-intensive business.
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.
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