Faurecia: takes a stake in start-up company Enogia
(CercleFinance.com) - This morning Faurecia has said that it has joined the shareholders of French start-up Enogia via the structure Faurecia Ventures.
The financial terms of the deal were not specified.
Created in 2009, based in Marseille with 30 employees, Enogia has developed a patented high-speed turbine technology, which is both airtight and compact, which enables heat to be recuperated and converted into electricity, Peugeot's automotive supply subsidiary explained.
Faurecia says that Enogia's technologies are particularly suitable for utility vehicles, trucks and very high power engines (maritime transport and power generators).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The financial terms of the deal were not specified.
Created in 2009, based in Marseille with 30 employees, Enogia has developed a patented high-speed turbine technology, which is both airtight and compact, which enables heat to be recuperated and converted into electricity, Peugeot's automotive supply subsidiary explained.
Faurecia says that Enogia's technologies are particularly suitable for utility vehicles, trucks and very high power engines (maritime transport and power generators).
Copyright (c) 2018 CercleFinance.com. All rights reserved.