The European Investment Bank (EIB) is providing a €50 million loan to AVL List GmbH (AVL). The Austrian company specialises in the development of innovative powertrain systems for global automotive and transport industries.
The EIB financing comes on top of a €70 million loan signed in December 2017 to support AVL’s electric drive-related activities, including selected R&D projects for hybrid and fully electric powertrains, as well as advanced driver assistance systems for connected and autonomous vehicles.
AVL List GmbH is the world’s largest independent company for the development, simulation and testing of powertrain systems (hybrid, combustion engines, transmission, electric motors, batteries and software) for passenger cars, trucks and stationary high-performance engines.
AVL has more than 11.500 employees all over the world. In 2019, sales revenues reached €1.97 billion.