The European Investment Bank (EIB) and Quantum-Systems GmbH have finalized a new arrangement which will make over €10 million in new financing available to Quantum-Systems GmbH.
Quantum-Systems is a developer, designer, and producer of small Unmanned Aircraft Systems (sUAS) based in Munich, Germany.
The company has seen exponential growth and a commensurate rise in demand for its small UAS solutions and it hopes to rise to the rank of an industry leader. As growing demand necessitates more innovation, this new fund will go towards the expansion of its operations and product development.
The EIB has expressed great confidence in Quantum-Systems, indicating that the firm passed its stringent evaluation procedure and qualifies for the loan. EIB also indicated that all the R&D projects outlined by QS align with its environmental, social, and governance (ESG) criteria.
The loan by the EIB is supported by a European Fund for Strategic Investments (EFSI) guarantee. The EFSI is the driving force behind the Investment Plan for Europe, an initiative that has seen the EIB and the European Commission partnering to strengthen the economy of Europe.
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