Iveco Group, €150 million loan by Italian Cassa Depositi e Prestiti for R&D

Iveco Group has successfully signed a €150 million term loan with Cassa Depositi e Prestiti (CDP) for the implementation of new projects in Italy dedicated to research, development and innovation. In particular, thanks to the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and […]

11 June 2024 By Editorial Staff

Iveco Group has successfully signed a €150 million term loan with Cassa Depositi e Prestiti (CDP) for the implementation of new projects in Italy dedicated to research, development and innovation.

In particular, thanks to the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and deepen solutions for autonomous driving, digitalization and vehicle connectivity with the aim of increasing efficiency, safety, driving comfort and productivity.

The funded investments, which will have an amortization profile of five years, will be implemented by Iveco Group in Italy by the end of 2025.

Highlights

The Temsa LD SB E intercity BEV bus model was presented for the first time at the IAA expo in Hannover in 2022 and re-proposed at Busworld in Brussels in October 2023 It joins a zero-emission line-up that already includes the urban battery-powered Temsa Avenue Electron and the electric version of th...

Up to seven time less batteries than a BEV bus (one module instead of 7), with 15% more passengers. These are the specifications mostly stressed by IVECO BUS when outlining the features of IVECO BUS E-WAY H2, presented at Busworld 2023 in Brussels. The bus model derives directly from...

Forsee Power announces it has achieved sales for €84.4 million in the first half of 2024, up +7% from H1 2023 (but Q2 showed a significant decrease: -23%). The battery suppliers highlights that “in the heavy vehicles segment, the Group more than offset the drop in Iveco orders”, as the c...

Indian bus maker startup Urban Sphere, based in Bangalore, is targeting the e-bus market with an offer made of BEV vehicles from 6 to 9 meter long. The company says having "prototypes ready for approval" and most of the production is carried on in India. South-east Asia and Africa are among the main...

The U.S. Department of Energy (DOE) has announced the signing of a $12.6 billion agreement, including up to $1.2 billion from the DOE and $11.4 billion in public and private matching funds, to accelerate clean hydrogen projects throughout California. Within the plan, an initiative aiming to deploy o...

First Bus announces it has completed a £750,000 investment programme (over 830,000 euros) at its Rochdale depot in Manchester. The focus of the improvements are enhanced engineering facilities, including a new double height workshop bay for vehicle repair and maintenance. Facilities updated at First...

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Iveco Group, €150 million loan by Italian Cassa Depositi e Prestiti for R&D

Highlights

Sustainable Bus Video Test Drive: Temsa LD SB E, a forerunner in the nascent intercity BEV market

Spotlight on the IVECO E-WAY H2: less weight, 15% more passenger capacity

Related articles

Battery supplier Forsee Power expects to achieve break-even in terms of adjusted EBITDA this year

Indian startup Urban Sphere’s vision and strategies in e-bus manufacturing. Our interview

+1,000 fuel cell buses to be deployed in California within U.S. Department of Energy plan to establish a hydrogen hub

First Bus completed £750,000 investment in Rochdale depot in Manchester to enable new preventive maintenance processes

Enjoy our Weekly Newsletter!