EIB provides 30 million euros financing to OLEDWorks for automotive lighting
Petre Barac
Posted On June 24, 2025
The European Investment Bank (EIB) has granted financing of 30 million euros to OLEDWorks, a provider of innovative lighting solutions for the automotive industry, microdisplays, and other specialty lighting applications. The loan aims to support the company’s expansion and product development within the European Union, with a primary focus on automotive clients. Most of the investment will be used at the borrower’s existing site in Aachen, Germany.
OLEDWorks specialises in designing and developing lighting solutions based on organic light-emitting diodes (OLEDs). Its technology offers a combination of high brightness, energy efficiency, and durability. Notably, the company has developed an innovative application for OLED panels in the automotive sector, which represents a first-of-its-kind use case at scale.
“OLEDWorks provides the type of cutting-edge technology that will secure a bright future for Europe and its people,” said EIB Vice President Nicola Beer, who oversees the Bank’s operations in Germany. “The financing provided by the EIB reflects our commitment to supporting innovative companies in strategic sectors. OLEDWorks’ lighting solutions align with our objective of fostering technological advancements on the continent—progress we need if we want Europe to be competitive and green.”
David DeJoy, CEO of OLEDWorks, emphasizes the pivotal role this investment plays in meeting customer needs: “The financing provided by the EIB will allow for expedited technology development and will enable advancements of OLED lighting technology with higher segmentation and display-like capabilities, higher brightness for automotive stop and turn applications, and bendable OLED panels.”
The EIB support is expected to facilitate OLEDWorks’ growth plans and enable the hiring of some 45 new employees over the next three to four years. The project falls under the InvestEU-supported Future Tech programme loan, which addresses funding gaps and provides adequate risk capital to venture-backed companies in the EU.
