Axionet IoT, a local Machine to Machine (M2M), Internet of Things (IoT), electro-mobility and green energy production services and solutions company, will convene shareholders to approve an investment loan worth 9.44 million euros.
The amount is needed to implement a European project funded by the Transport Commission CEF-T-AFIF, with a total grant value of EUR 28.88 million. The project is part of the EU strategy for the development of alternative fuels infrastructure – CEF (Connecting Europe Facility) – Transport on Alternative Fuels Infrastructure Facility (AFIF).
Also, in the same meeting, Axionet IoT shareholders would establish collateral for the loan, including mortgages on the company’s bank accounts, equipment, and receivables, to ensure financing is obtained.
Other items on the agenda include the approval of the signing of a sales contract that includes the implementation of a turnkey project for a photovoltaic system with an installed power of 300.2 kW for the company Vesta Investment and another for the company Comefin for the sale and turnkey implementation of a photovoltaic system for prosumers, with an installed power of 466.58 kWp.
On the market since 2005, the company is currently controlled by Ioniță Dumitru, who also founded Axionet IoT (41.25%), businessman Dan Ostahie, owner of the electroIT retailer Altex (40%). Also, SSIF BRK Financial Group Cluj-Napoca holds a share package representing 18.75% of the company’s shares. Axionet IoT is also responsible for the development of the regional network of charging points for Polyfazer electric cars. It was also involved in the installation of photovoltaic panels on the roofs of some stores in the Mobexpert and Altex groups