The long-term loan will support research and development for Traton's global cross-brand modular platform TMS
Commercial vehicle manufacturer Traton SE and the European Investment Bank (EIB) have signed a €500m loan agreement to support research and development for the Traton Modular System (TMS), a global cross-brand modular platform designed to harmonise vehicle development and production across the company’s brands. The long-term loan at favourable terms will fund development of the platform, which is intended to promote scalability, cost efficiency and flexibility while supporting Traton’s innovation and sustainability initiatives.
The TMS platform enables Traton’s brands to adapt and scale operations to meet diverse customer requirements. The funding is intended to drive transformation of Europe’s heavy-duty vehicles sector and support European Green Deal objectives, including carbon reduction targets for transport manufacturers.
In a statement, Dr Michael Jackstein, Chief Financial Officer and Chief Human Resources Officer of Traton, said: “The partnership with the European Investment Bank is a major milestone in Traton’s financial strategy and underlines our strategic direction and innovative strength. By further diversifying our financing access, we are ensuring the financial stability and flexibility needed to drive innovation and support our customers throughout the industry’s transition to a more electrified and sustainable future.”
Nicola Beer, Vice President of the EIB, added: “Investing in sustainable mobility and cutting-edge digitalisation is vital for Europe’s long-term competitiveness. By financing industry leaders like Traton, the EIB ensures that European innovation translates into real-world impact—creating high-quality jobs, reinforcing resilient supply chains, and driving the continent’s leadership in the green transition.”
Source: Traton