WATTALPS has finalized a fund raising of 2.2 M€ to grow faster and follow market demand.
WATTALPS has realized a capital increase of 1.1 M€ with a complementary debt raising of 1.1 M€, for a total of 2.2 M€. Eximium, Family-office, takes a minority share in Wattalps. KIC InnoEnergy SE, which is already a shareholder, has also participated in the capital increase. WATTALPS is also sponsored by Bpifrance with a 500 k€ loan. International banks bring a complementary debt of 600 k€ to finalize the financing.
Eximium was founded in the 90s by French entrepreneur Michel Baulé who experienced an industrial success story in plastics sector. Eximium works today as a Family Office and its positioning is quite atypical with both a business-oriented and financial culture. It manages a range of shares of listed and private companies in various sectors, as well as real estate investments, amounting to ca.€ 500m.
With regard to its Private Equity activity, Eximium has been investing its own capital for more than 10 years as a minority or majority shareholder without time constraints. Eximium provides equity to meet companies requirements to finance their organic or external growth, and support them to structure ownership on a long-term basis. It also arranges buyouts of small- and mid-cap companies with existing or new management, dealing with various issues such as liquidity and buyouts for family or private shareholders as well as a group’s disposal of a subsidiary or a non-core business.
Being long-term oriented, constantly finding and implementing one-off solutions, using its wide range of financial expertise as well as in-depth knowledge of numerous industries, having a pragmatic approach and an efficient decision-making process Eximium is able to invest up to €10m per transaction. Investing its own capital allows Eximium to support the company in the long-run and provide additional financing that is appropriate to investment or external growth needs if need be. Eximium ‘s portfolio is made up of some twenty small and medium private companies.
About KIC InnoEnergy SE
InnoEnergy is the innovation engine for sustainable energy across Europe supported by the European Institute of Innovation and Technology. We support and invest in innovation at every stage of the journey – from classroom to end-customer. With our network of partners, we build connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets. We work in three essential areas of the innovation mix:
- Education to help create an informed and ambitious workforce that understands the demands of sustainability and the needs of industry.
- Innovation Projects to bring together ideas, inventors and industry to create commercially attractive technologies that deliver real results to customers.
- Business Creation Services to support entrepreneurs and start-ups who are expanding Europe’s energy ecosystem with their innovative offerings.
Bringing these disciplines together maximizes the impact of each, accelerates the development of market-ready solutions and creates a fertile environment in which we can sell the innovative results of our work.
For more information check out our website.
Bpifrance grants financing to SMEs at each development stage with loans, guarantees and equity. Consultancy, university, networking and acceleration programs dedicated to startups, SMEs and groups are also part of the Bpifrance offer to entrepreneurs. Bpifrance helps them in their innovation projects. Bpifrance also ensures their export activity through a wide range of products. Thanks to Bpifrance and its 48 regional divisions, entrepreneurs benefit from a unique, efficient and close partner to face their challenges.
More information at: www.Bpifrance.fr – Follow us on Twitter : @Bpifrance – @BpifrancePresse
WATTALPS assembles modular and high performance batteries for the heavy-duty and off-highway markets (construction, agriculture, logistics, transport…). WATTALPS batteries offer excellent energy density, can work in extreme conditions and are connected. They make it possible to have one full day of work at maximum productivity. WATTALPS offer is ideal for demanding applications whatever the climate. Its modular approach makes high performance batteries affordable for markets with lower volumes than standard automotive applications.
By making it possible to electrify industrial vehicles, WATTALPS eliminates noise and pollutants at the work place. Besides, WATTALPS products’ ecological footprint is limited to a minimum. Indeed, WATTALPS works with the less polluting material and processes. The WATTALPS modular system is also designed so as to reuse second hand batteries in less demanding applications. And last but not least, WATTALPS recycles all its batteries at the end of life. WATTALPS works with recycling processes which permit to sort and reuse the raw materials. More information at: www.wattalps.com . Contact: firstname.lastname@example.org .
With this financing, WATTALPS will invest in an automatic assembly line to multiply by 5 its production capacity. The startup of this production line is planned in fall 2019 to be fully operational at the end of the year.
WATTALPS gets stronger to grow faster!