Sandvik gets €500M from European Investment Bank for new, smart EVs

Sandvik gets €500M from European Investment Bank for new, smart EVs

The mining equipment experts at Sandvik have a €500 million capital injection from the EIB to develop next-gen electric equipment.

Sandvik Secures European Financing to Advance Mining Automation Sandvik Secures European Financing to Advance Mining Automation

Sandvik Secures European Financing to Advance Mining Automation The European Investment Bank (EIB) has committed a substantial €500 million loan to Sandvik, the Stockholm-based engineering giant, to underwrite its 2026-2029 R&D push. This financing is set to accelerate the development of next-generation cutting technologies, tooling systems, battery-electric mining equipment and advanced automated and digitalised mining and rock-excavation solut…