NRW.BANK.Electromobility
Low-interest loan from NRW.BANK for companies, foundations, and members of the liberal professions to finance investments and research in the field of electromobility in North Rhine-Westphalia. Loans up to €10 million with a term of 4 to 10 years and up to 100% financing share.
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Grant criteria
Funding objective
Provision of low-interest loans to promote investments and research and development projects in the field of electromobility (battery, hydrogen, or fuel cell drives) with the aim of establishing a climate- and environmentally compatible transport sector in North Rhine-Westphalia.
Eligible expenses
- Acquisition of passenger cars and commercial vehicles with battery, hydrogen, or fuel cell drive
- Conversion of vehicles to low-emission drives
- Investments in charging and refueling infrastructure as well as accompanying PV systems (without EEG remuneration)
- Research and development projects and associated operating resources
- Value-added tax amounts in the absence of input tax deduction
Non-eligible expenses
- Leasing financing
- Debt restructuring, follow-up financing, and interest rate adjustments
Eligible to apply
- Companies
- Foundations
- Individuals
Funding requirements
- Companies, foundations, and members of the liberal professions
- Project must be carried out in North Rhine-Westphalia
- Sustainable economic success of the project must be expected
- Overall financing of the project must be secured
- Completion of the project within 36 months
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Documents required for application
- Application form via the house bank
- Detailed project description
- Statement of planned expenses
- Proof of total financing
- Evidence of compliance with ESG funding requirements
Description
A low-interest loan from NRW.BANK supports companies, foundation sponsors, and members of the liberal professions in investments and research and development projects in the field of electromobility in North Rhine-Westphalia. Up to 100% of eligible expenses – up to a maximum of €10 million – can be financed. The loan term is flexible, ranging from four to ten years, with an optional two-year grace period. Upon request, a 50% liability release for the house bank can be applied for investment projects starting at €25,000. The goal is to develop a climate- and environmentally compatible transport sector, encompassing battery, hydrogen, and fuel cell drives.
Funding is provided, among other things, for the acquisition and conversion of passenger and commercial vehicles, charging and refueling infrastructure – including accompanying photovoltaic systems without EEG remuneration – as well as related operating resources for research projects in battery development and energy storage. A prerequisite is a project carried out in North Rhine-Westphalia with secured overall financing and proof of compliance with ESG criteria. The project must be completed within 36 months, and refinancing or additional financing is excluded. Applications must be submitted before the project begins through the respective house bank. The permanent integration of this attractive loan offer ensures that innovation and climate protection potentials in mobility in North Rhine-Westphalia are sustainably developed.
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