(CercleFinance.com) – Drone Volt announces that it has obtained an Innovation Loan of 2.5 million euros granted by Bpifrance, financing which will support the group’s efforts in terms of R&D.
The Innovation Loan is reserved for SMEs and small ETIs created for more than three years, developing and/or marketing a new product, process or service and who can justify an innovation, in particular by significant R&D expenditure.
Concretely, the loan will stretch over the next 7 years with 2 years of grace (until September 2024) with an interest rate of 4.30%. This mechanism is supported by the Pan-European Guarantee Fund (EGF Guarantee Instrument), implemented by the European Investment Fund (EIF)
with the financial support of the Member States contributing to this guarantee fund.