MotorK , the digital company dedicated to the automotive distribution industry, has managed to finance 30 million euros, as reported by the company itself, which ensures that it will invest in research, development and innovation (R + D + i) a whopping 75 million.
EIB (European Investment Bank) will be the one that will support MotorK, since it considers it as “a major player” in terms of digital innovation and also “a point of reference” for automotive firms in Spain. For these reasons, the EIB will allocate this amount that will drive the development of industry-leading technology solutions focused on partners such as car manufacturers, dealers and other operators.
“The investment of 30 million euros will be an important part of the resources that MotorK will allocate to digital projects for the automotive industry over the next five years. The company has committed to invest 75 million euros in the R + D + i department and will continue to bring its technology to all of Europe, “said spokespersons for the company.