- The EIB will lend Nomagic €8 million loan to accelerate research and development
- The loan is backed by the InvestEU programme to bolster innovative businesses
Nomagic, which develops intelligent robotics for e-commerce and retail warehouses, will receive an €8 million loan from the European Investment Bank (EIB) to bolster research and development (R&D). The EIB support will advance Nomagic’s automation solutions, bolster its competitiveness and expand the range of products. The bank’s credit is backed by the European Commission’s InvestEU programme under the Future Technologies window.
“We are pleased to announce our commitment to providing essential capital to Nomagic under the InvestEU programme,” said EIB Vice-President Teresa Czerwińska. “This financial support is aimed at empowering Nomagic in advancing automation solutions for the warehousing sector. With this strategic funding, Nomagic is poised to broaden its operations and fortify its market position, marking a pivotal step forward in its growth trajectory.”
Poland: Robotics company Nomagic gets €8 million EIB loan for R&D