CHF 1.25M for INERGIO Fuel Cell Market Roll Out

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18.01.2022
fuel cell power generator

INERGIO successfully closed a Pre-Seed round of CHF 1.25 million. The company will use the proceeds of the financing to initiate its product commercialization, CE Certification and expand its production capacity.

INERGIO Technologies SA develops flexible fuel cell electrical power generators with a mission of going through a clean energy transition step-by-step. The spin-off from EPFL and HEIG-VD has developed already a minimum viable product.

The round was led by Privilège Ventures. The StartAngels Network (SAN), DART Labs and a group of private investors participated significantly in the financing focused on market entry. When asked about INERGIO, Lucian Wagner, General Partner at Privilège Ventures and board member, stated: « We have been extremely impressed by the technology  and the team behind it. Inergio can play an important role in producing electricity from fuels such as propane, given that hydrogen is perennially late and complex to handle.»   

«We are very grateful to all our supporters, partners, customers and indeed our talented team who have helped INERGIO to get to this stage. And now we are extremely happy and proud  that we have reached another major milestone. The financing will help INERGIO to finalize the product development and initiate product commercialization, taking us to the next level in our corporate development plan. Besides, we are very thrilled to count on the extensive experience of our investors as well as their extensive international network.» said Mahmoud Hadad, CEO and founder of INERGIO. The startup is based at EPFL Innovation Park.

(Press release / ES)

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