European Investment Bank (EIB) and Traton SE have signed €500m (c. £436m) loan agreement to accelerate the rollout of fuel-efficient commercial vehicles.
Traton will also seek to expand its advanced modular platform for truck brands like Scania and MAN to reduce emissions, cut ownership costs, and tailor innovation to dynamic market demands.
This research and development investment will help to accelerate the rapid evolution of global transport demands greater flexibility and efficiency.
The project is set to enable European truck fleets to sharply decrease their carbon footprint, create hundreds of high-skilled R&D and engineering jobs, and catalyse technology transfer that benefits European industry competitiveness.
This funding will drive the transformation of Europe’s heavy-duty vehicles sector.
It directly supports the goals set out in the European Green Deal, which include making transport cleaner and helping manufacturers meet carbon reduction rules over the next two decades.
Traton Group CFO and CHRO, Dr. Michael Jackstein, said: “The partnership with the European Investment Bank is a major milestone in TRATON GROUP’s financial strategy and underlines our strategic direction and innovative strength.
“By further diversifying our financing access, we are ensuring the financial stability and flexibility needed to drive innovation and support our customers throughout the industry’s transitions to a more electrified and sustainable future.”
