AEInnova receives an investment from the EIC Fund
Last October, AEInnova had signed an investment agreement with the EIC Fund to accelerate the company and help it to grow. This means that AEInnova is one of the first energy and IoT companies in Europe to be directly invested by the European fund.
The agreement will suppose a minimum injection of 4,5 million euros, which will be disbursed in different modes. The first one was in the form of a grant, for an amount of 500.000 euros, followed by an amount of 1 million, which was executed last month through an 18-month convertible participating loan granted by the EIC Fund, and finally another million in capital soon. Lastly, we will have a minimum of two million euros from new investors of a recently opened round with venture capital funds.
With the funds raised, we want to complete the product portfolio, advance in the certification of our products, the IP protection, and the creation of the commercial and operations structure to initiate de sales. In addition, we aim to be listed on the EURONEXT Growth of Paris by the end of 2023, this improvement is a breakthrough for us and allows us to explore new ways. Industry 4.0 has a lot of things to innovate, for example, its digitalization, and with this step forward the limits are set by the imagination.
During the entire negotiation with the EIC, we have been advised by the lawyers Fede Segura y Jordi Vilanova from Roca&Junyent, and we want to thank them for their hard work and professionalism, that has helped us to achieve our goal.
Last but not least, we want to congratulate our whole AEInnova’ s team, this achievement couldn’t be possible without them. The whole team helps to locate the company on top of the industrial automatization.