pepper motion GmbH
pepper Completes Series A Financing Round with Nearly 30 Million Euros (news with additional features)
Issuer: pepper motion GmbH
/ Key word(s): Financing/Expansion
– Clear signal to the commercial vehicle sector with the entry of the Hamburg family office Lennertz & Co. as lead investor and the Würth Group as strategic investor – Founding investor Friedrich & Wagner Holding remains clear majority owner of the company (>80%) with renewed investment Denkendorf, 04/25/2022 – The series A financing round successfully completed at the end of March 2022 represents a milestone in pepper motion GmbH’s financing cycle. The funding of almost 30 million euros underlines pepper’s outstanding position in the field of commercial vehicle electrification (retrofitting) in Germany. pepper is the first digital OEM worldwide to develop innovative solutions for the electrification of used and new commercial vehicles such as trucks deployed in distribution transport, buses in local public transport (LPT), as well as municipal vehicles. Andreas Hager, Managing Director of pepper motion GmbH, says: “Our vehicles and the etrofit electrification kits have long since provided the proof of concept. We are leading the international retrofitting industry as a pioneer and setting the standards for German engineering, innovation, and quality that fleet operators in the public transport and transport/logistics sectors can rely on.” Capital for Series Production and Entry into Growth Markets In addition to ongoing research and development projects aimed at further developing the company’s proprietary technologies, the capital will primarily go towards ramping up series production with strategic partners as well as the market entry phase into other European countries that is already underway. pepper’s key markets in Europe include, in particular, Germany, France, Italy, Austria, and Poland. Ongoing and forthcoming funding programs by various European governments designed to accelerate the EU’s Green Deal and the timely implementation of the Clean Vehicles Directive (CVD) will provide additional tailwind for pepper’s technology. The company’s retrofitting concept, which has won a number of awards, is currently considered unmatched in the market in terms of sustainability and total cost of ownership. The commitment to pepper on the part of the new, internationally acknowledged investors in the form of Lennertz & Co. and Würth sends a strong signal to the market and clearly underpins the company’s product development and expansion at the current time. What the Key Investors Say Jörg Murawski, Executive Vice President of the Würth Group, world market leader in the development, manufacture and sale of assembly and fastening materials: “Energy and climate change are among the key challenges of our time. Our society must push for climate-friendly and sustainable solutions if we are to make the transition to mobility that is viable for the future. Sustainability is also an important issue for us. We are active in this area in many ways. pepper is a company that offers an innovative approach to vehicle electrification with its solutions. We are therefore delighted to be able to support this exciting project with a strategic investment.” Christan Wagner, Friedrich & Wagner Holding GmbH: “We are impressed by the unique nature and success of pepper’s proprietary technology. By 2030, there will be over half a billion commercial vehicles on the roads – and we intend to electrify a significant proportion of them with our sustainable solutions. Our new high-profile investment partners will provide the necessary platform for this path and for pepper motion GmbH’s subsequent rounds of financing.” About pepper motion GmbH
Lennertz & Co. also has a large number of permits from the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and thus fulfills the numerous qualitative and quantitative requirements of both the BaFin and the German Federal Bank (Bundesbank). Lennertz & Co. shares the demand of its clients for fast, well-founded, and confident decision-making. On behalf of clients, the expert team at Lennertz & Co. – which can point to decades of experience – carefully reviews opportunities as they emerge in the segments of venture and growth capital, private equity, and blockchain. Moreover, the company’s advisory board is staffed by reputable specialists in the fields of industry, venture capital and private equity, including Prof. Dr. Heinrich von Pierer, Prof. Dr. Klaus Wucherer, Stefan Theis, Daniel Thung, Daniel Milleg, and Florian Heinemann. About the Würth Group About Friedrich & Wagner Press contact: Additional features: File: picture Pepper Motion GmbH
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Language: | English |
Company: | pepper motion GmbH |
Alemanenstraße 14 | |
85095 Denkendorf | |
Germany | |
EQS News ID: | 1333597 |
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