Autonomous driving generally refers to self-driving vehicles or transport systems that move without the intervention of a human driver. It contributes to sustainable transport as well as aims to reduce the number of traffic accidents, and carbon dioxide and polluting emissions.
About The European Investment Bank
The EIB is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute toward EU policy goals.
The loan is part of the European Guarantee Fund’s venture debt product, which provides liquidity to small and medium-sized companies affected by the pandemic.