One of Europe's most reputable investors makes a strategic investment in GAEU Ventures' portfolio company EpinovaTech
Greenbridge Sàrl, founded 2016 by two of Europe’s most successful industrialists, Ola Rollén and Melker Schörling, and backed by an international and diversified investor base, has agreed to acquire over 50% of the share capital of GAEU Ventures portfolio company EpinovaTech AB through a direct investment in the company and the acquisition of shares from existing shareholders. The completion of the transaction is subject to regulatory approvals and is expected to be finalized during Q2 2024.
EpinovaTech was founded in 2019 and is headquartered in Lund, Sweden. A producer of epiwafers, the company has patented a technology called NovaGaN®, which allows the widespread adoption of Gallium Nitride (GaN) into industries such as automotive, 5G and renewable energy, where there is need for high efficiency and power-handling capabilities. The NovaGaN® technology enables faster and smaller electronics with reduced energy consumption, while also offering compatibility with existing chip factories, thus providing economies of scale, industrial scalability, and short time-to-market.
Greenbridge will take an active ownership role and work closely with the board and management team of EpinovaTech to refine and develop the long-term strategy.
“As one of the company's early and active investors, we are very pleased with how EpinovaTech has skillfully developed its disruptive technology and gained significant attention in various markets for green transition. We look forward to continued excellent cooperation with the company and its new main owner.” – Roland Vilhelmsson, GAEU Ventures founder and CEO
“I firmly believe EpinovaTech holds the potential to completely revolutionise the EV industry and the larger electronic and renewable energy industries. Greenbridge will work relentlessly to ensure that happens.” – Ola Rollén, Greenbridge founder and Chairman.
“I am very pleased with this investment and for the interest from Greenbridge in the company's pioneering NovaGaN® technology. I am convinced that this is the beginning of something big.” – Martin Olsson, EpinovaTech AB founder and Inventor.
“EpinovaTech has set out to revolutionise the semiconductor industry at its core. We see a perfect match with Greenbridge – a visionary investor with an industrial heart – that shares our belief that strong partnerships are key for success. We are very much looking forward to a close relationship with Greenbridge as an active and long-term owner. “– Victoria Woyland, CEO of EpinovaTech AB
More information
Roland Vilhelmsson, CEO GAEU Ventures, 070-205 87 29, roland.vilhelmsson@gaeu.se
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