Nuventura raises €25M to advance sustainable switchgear tech for green energy transition
Summary
Berlin-based Nuventura, a provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, announced on Tuesday, that it has raised €25M in a Series A round of funding. With this, the company has now raised a total of over €35M in funding. The current round of investment was led by Mirova, through its impact private equity Mirova Environment Acceleration Capital fund, alongside new investors Forward.one and EIC Fund. Existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties also participated in the round. Anne Boulet, Investment Manager at Mirova says, “The purpose of Mirova’s environmental impact strategy is to foster the growth of innovative companies having a positive environmental impact.”