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Sustainable switchgear technology firm Nuventura secures €25 million in Series A funding, to accelerate global energy industry’s transition away from harmful greenhouse gases

Berlin-based Nuventura develops switchgear (GIS) technologies that support the energy industry’s transition away from SF6 - the world’s strongest greenhouse gas, with 25,200x more global warming power than carbon dioxide.


WEBWIRE –
  • €25 million Series A funding round will be used to expand Nuventura’s product portfolio and increase its global manufacturing capabilities
  • This round is led by Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, alongside new and existing investors


Nuventura, a leading provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, announces the completion of a €25 million Series A investment round.

The round is led by Mirova, through its impact private equity Mirova Environment Acceleration Capital fund[1], alongside new investors Forward.one and EIC Fund, and existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. The funding brings total investment in Nuventura to more than €35 million.

The capital will be used towards expanding Nuventura’s product portfolio and the further development of its manufacturing capabilities around the world, as the company continues to drive the global energy industry’s transition away from harmful greenhouse gas-based technology infrastructure.

Dr Fabian Lemke, Nuventura Co-founder and CEO, comments: “This is an extremely exciting time to be in this sector. Greater appreciation for the environmental threats posed by SF6 and accompanying regulatory oversight means that Nuventura, with our dry-air alternatives, is very much in the right place at the right time. This funding round is evidence of that and puts us in an ideal position to expand our operations internationally and continue providing sustainable switchgear alternatives for different use-cases together with our valued business partners around the globe.”

Anne Boulet, Investment Manager at Mirova, comments: “The purpose of Mirova’s environmental impact strategy is to foster the growth of innovative companies having a positive environmental impact. As the drive towards a progressive SF6 phase out is increasing, we are thrilled to have been given the opportunity to support Nuventura’s great team in their international expansion and as such actively contribute to decarbonising the energy industry.”

[1] Mirova Environment Acceleration Capital is a French limited partnership (société de libre partenariat- French Specialized Professional Fund, AIF) composed of several separate sub-funds, open to new subscription to eligible investors as defined by the fund’s regulation. Mirova is the management company. The supervisory authority approval is not required for this fund. The fund is exposed to risk of capital loss risk, discretionary management risk, valuation risk, contreparty risk, liquidity risk, sustainability risk,country risk, operational risk, regulatory risk, currency risk, interest rate risk, credit risk, risk linked to the investment strategy, sustainability risk.

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