High-Tech Gründerfonds and Zukunftsfonds Heilbronn invest in enymotion GmbH
September 12, 2008
Heilbronn-based start-up develops mobile fuel cell systems as self-sufficient power supply for recreational applications.
Enymotion’s fuel cell system allows spatiotemporally independent usage of electricity consumers. It uses the caloric equivalent of conventional fuel or liquid gas to provide the power. Equal-zero-emission of noise and exhaust permit the service in almost all areas of life, where other techniques are inadequate in compliance with requirements. This lightweight energy source will initially come into operation as a battery backup in motor homes, sailing boats and utility vehicles.
The automatic operation mode in recourse to available fuel provides a comfortable and unlimited usage of the fuel cell capacity. Enymotion’s first fuel cell system will work with a mixed operating fluid of propane and butane. Dr. Steffen Wieland and Dominic Schluessel, founders of enymotion, state: “The customer’s benefit rises by using existent fuel and infrastructure. The valuable support and partnership of High-Tech Gruenderfonds and Zukunftsfonds Heilbronn, enables enymotion to approach this fascinating market.”
René Apitz, High-Tech Gruenderfonds Consultant, has an analogue estimation: “The customer’s value is obvious and easy to explain. Enymotion convinced us particularly with regard to the dedicated team and the excellent preliminary work.” Guenther Steffen, CEO of Zukunftsfonds Heilbronn, adds: “We see an enormous potential of fuel cells in the long run, in particular with combustibles like lpg, petrol or diesel. Enymotion is perfectly positioned and meets an emerging and dynamic market.”
About High-Tech Gruenderfonds:
High-Tech Gründerfonds invests venture capital in young technology companies that transform promising scientific research into business enterprises. The seed financing of up to 500 T€ shall result in a technical prototype, a proof of concept or a proof of market. High-Tech Gründerfonds has access to a fund volume of around 272.0 million Euro. Investors in this public-private partnership include the Federal Ministry for Economy and Technology, the KfW Banking Group as well as the six industry companies BASF, Robert Bosch, Carl Zeiss, Daimler, Deutsche Telekom and Siemens.
About Zukunftsfonds Heilbronn:
As a regional private equity group, Zukunftsfonds Heilbronn (ZFHN), accompanies the progression of start-ups all the way up from the invention to a successful and established company. ZFHN’s investment philosophy is easy: invest in a promising enterprise with great ideas, a high market potential and an excellent management team. The cooperation starts in an early stage from a seed investment over the start-up to the point of expansion, as long as it is reasonable for both parties. Assets under management in a double-digit million euro sum. Usually ZFHN invests as the lead investor or as the co-lead investor in a larger second round in a range of 0,5 to 5 million euro.