AEInnova launches 10 million euro investment round to go to market
The company, created ten years ago by researchers from the UAB Department of Microelectronics, has launched a round to fund their plan of commercialisation and internationalisation, without neglecting research and development.
Coinciding with their tenth anniversary, the spin-off AEInnova is reinforcing the commercialisation of their technology for the recovery of residual heat and its transformation into electricity. The company has developed industrial sensors that are capable of generating the necessary energy to function from the residual heat they give off in the data analysis process, making the use of batteries and cables unnecessary.
The last few years, the company has focused on developing said technology and testing it in real-life environments, such as projects with great industries such as Repsol, the petrochemical factory at Tarragona, Ciments Molins, Seat, and Aqualogy, among many others. They have commercial agreements in Japan, Turkey, Morocco, Chile, and Brazil.
Now is the moment to "bring these products to the market, and to do so we need the financial resources that allow us to build the commercial infrastructure of the company and launch our commercial and internationalisation plan," explains David Comellas, CEO. Thus, they have launched a 10 M€ investing fund, which will be destined for the commercialisation of the products, as well as to keep up with tech development and R&D tasks.
Up until now, the technology developed by AEInnova has required an investment of 8 M€, 70% of which has been brought by private investors and family offices. The rest of the funding has been obtained by different European subventions, such as the European Innovation Council, which identified AEInnova as one of the most promising start-ups in the sustainability field.
