The EIB grants eGym a loan of up to 25 million euros

The European Investment Bank (EIB) is providing a loan of up to 25 million euros to eGym GmbH, an innovative developer and manufacturer of fitness technology. The funds will support eGym's current investment program and finance R & D investment, capital expenditures for expansion of production capacity and permanent increase in working capital to support market expansion. The EIB loan was made possible by the European Fund for Strategic Investments (EFSI). The EFSI is the backbone of the Investment Plan for Europe, where the EIB Group and the European Commission work together as strategic partners to strengthen the competitiveness of the European economy.

EIB Vice-President Ambroise Fayolle, responsible for financing in Germany: "Founded only seven years ago, eGym is a rapidly growing company. It is one of the EU Bank's primary goals to support young and innovative growth companies because they are creating the jobs of tomorrow. "He added," eGym operates an open cloud platform that also connects third-party-made training devices to the best possible Exercising and tracking easier. It is cutting-edge technology that provides a complete fitness ecosystem to give European citizens access to the best available health and well-being facilities. "

Philipp Roesch-Schlanderer, CEO of eGym: "We are very happy about the EIB financing. From the beginning it was eGym's vision that the gym should work for everyone and that the best way to train users was to achieve their own personal training goals quickly and reliably. We see today that for many people prevention and improvement of their own fitness are becoming increasingly important. eGym offers intelligent, software-based training solutions to motivate studio members. "