FAURECIA BOOSTS ITS EXPERTISE IN ENERGY RECOVERY TECHNOLOGY WITH INVESTMENT IN ENOGIA

Mar 16, 2018,  by Faurecia

Faurecia announces an investment in the French start-up Enogia in order to enhance its expertise in energy recovery technology.

 

Founded in 2009 and based in Marseille, the start-up, which employs 30 people, has developed and patented an hermetic, compact high-speed turbine that recovers heat and converts it into electricity.

Enogia’s technologies are very well suited to commercial vehicles, trucks and high horsepower engines (marine transport and generators) and the investment by Faurecia will enable it to grow rapidly in these market segments.

Yves Dumoulin, Vice President Strategy at Faurecia Clean Mobility: “Enogia’s technology enables Faurecia to expand its portfolio of energy recovery solutions. We are pleased to invest in an innovative French start-up that already has several national and international achievements to its name.”

Arthur Leroux, CEO of Enogia: “Faurecia has emerged as the best partner to support our development, at a time when Enogia is posting the strongest growth of any French cleantech company.* Faurecia is an industrial company that boasts leading-edge innovation in clean mobility and shares our goal of becoming the world leader in converting waste heat to electricity for transportation and industry applications."

This investment is made by Faurecia Ventures, which advances Faurecia’s innovation strategy by identifying, incubating and investing in innovative companies.

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