Press release |
ADVANT Beiten Advises ENGIE New Ventures on a Further Investment in INERATEC in the Context of a Series B Financing
Freiburg, 24 January 2024 – The international commercial law firm ADVANT Beiten has provided comprehensive legal advice to ENGIE New Ventures, the venture capital fund of the global energy supplier ENGIE, for the Series B financing of INERATEC, a pioneer in the development and production of synthetic fuels.
The Series B venture capital financing totalling USD 129 million is led by US investor Piva Capital with additional international participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald and Samsung Ventures as well as increased support from existing investors including ENGIE New Ventures, Safran Corporate Ventures and Honda.
INERATEC, which was founded in Karlsruhe in 2016, will use the capital to further accelerate the commercialisation of CO2-neutral e-fuels. Specifically, INERATEC plans to convert 1 GW of renewable energy into 165,000 tons of sustainable e-fuels by 2030, thus initiating the next era of mobility.
The ENGIE Group is listed on Paris and Brussels stock exchange. Its venture capital fund ENGIE New Ventures makes minority investments in innovative start-ups that bring strategic value to the Group, with a specific focus on future disruptive technologies. Since 2014, it has invested in over 50 solutions in the cleantech sector. ENGIE New Ventures has already invested in INERATEC as lead investor in 2022 as part of a Series A financing; also with legal support from the lead partner Christian Burmeister.
Advisor to ENGIE New Ventures:
ADVANT Beiten: Christian Burmeister (lead partner, Freiburg/Berlin) and Damien Heinrich (Freiburg, both Corporate/M&A).
+49 (69) 75 60 95 - 570
ADVANT Beiten Advises ENGIE New Ventures on a Further Investment in INERATEC in the Context of a Series B Financing.pdf