Axionet IoT, a prominent player in Machine-to-Machine (M2M) communication, Internet of Things (IoT) solutions, electro-mobility, and green energy production, is set to gather its shareholders for a pivotal decision. The agenda? Approving a significant investment loan of 9.44 million euros.
This funding is crucial for advancing a European initiative backed by the Transport Commission's CEF-T-AFIF program, which boasts a total grant of 28.88 million euros. This ambitious project aligns with the EU’s broader vision to enhance infrastructure for alternative fuels, as part of the Connecting Europe Facility (CEF) initiative.
In the same meeting, shareholders will deliberate on establishing collateral for the loan. Proposed guarantees include mortgages on the company’s assets, such as bank accounts, equipment, and receivables, ensuring the necessary financial backing is secured.
The agenda doesn’t stop there. Another key item includes approving contracts for photovoltaic projects. One involves designing and implementing a 300.2 kW solar system for Vesta Investment, while another focuses on a 466.58 kWp photovoltaic system for Comefin, aimed at prosumers seeking energy independence.
Established in 2005, Axionet IoT has steadily built its reputation. It is primarily controlled by founder Ioniță Dumitru, who holds a 41.25% stake, alongside Dan Ostahie, the businessman behind Altex, who owns 40%. The remaining 18.75% is held by SSIF BRK Financial Group from Cluj-Napoca.
The company’s contributions are notable: from developing a regional network of electric vehicle charging stations under the Polyfazer brand to installing rooftop solar panels for major retailers like Mobexpert and Altex. Axionet IoT continues to cement its role as a trailblazer in sustainable energy and IoT innovation.