Caixa Capital announced the entrance of KIC InnoEnergy as a new investor in its portfolio company focused on energy storage, C2C-NewCap.
KIC InnoEnergy is a leading European investor in sustainable energy innovation. Through its Business Creation Services, the organization invests and assists in the rapid growth of companies focused on the energy sector.
C2C-NewCap has secured an additional pre-seed investment of up to €150K from KIC-InnoEnergy to support technology development and commercialization assessment.
C2C-NewCap is a startup developing a new generation of quick-charging, long-life batteries for industrial vehicles. The first batteries developed will be a more efficient and greener alternative to lead batteries used in electric forklifts. The research behind the boosted performance of C2C-NewCap’s battery was conducted at the Instituto Superior Técnico (IST) in Lisbon.
Rui Pedro Silva and André Mão de Ferro, Founders of C2C-NewCap, stated that "Given the leading position of KIC InnoEnergy in the sustainable energy field, this smart money investment can leverage the potential of C2C-NewCap. Together with the support from Caixa Capital and Act by COTEC already in place, our company is now in a better position to succeed in the development of energy storage solutions."
Mikel Lasa, CEO of KIC InnoEnergy Iberia, stated that KIC InnoEnergy is looking forward to work with the whole C2C team and that the venture is a good example of how good academic research can quickly become interesting to the market when there is a solid support ecosystem in place."
Stephan Morais, Executive Board Member of Caixa Capital, stated that "KIC InnoEnergy's co-investment is a validation of Portugal's leading role in the promotion of innovation in cleantech. We are very happy that KIC InnoEnergy have joined us as co-investors in C2C-NewCap."
Caixa Capital is the Private Equity and Venture Capital fund management company of Portugal´s largest banking group Caixa Geral de Depósitos, present in over 20 countries and with assets above 100 billion Euros. Caixa Capital is a pioneering operator in the Portuguese market, with 500 million Euros under management. Caixa Capital invests in growth equity and venture capital opportunities and funds. The Venture Capital team partners with incubators, accelerators and business angels for seed and startup investments and with major international venture funds for opportunities above 1 million Euros. The team aims to support global expansion of Portugal related teams and companies and has dedicated team members to ICT, digital, health tech, engineering and cleantech investments.
KIC InnoEnergy is the innovation engine for sustainable energy across Europe. The challenge is big, but our goal is simple: to achieve a sustainable energy future for Europe. Innovation is the answer. New ideas and new solutions and products that make a real difference, new businesses and new people to deliver them to market. At KIC InnoEnergy we support and invest in innovation at every stage of the journey – from classroom to customers. With our network of partners we build connections across Europe, bringing together inventors and industry, entrepreneurs and markets, graduates and employers, researchers and businesses. We work in three essential areas of the innovation mix: 1) Education to help create an informed and ambitious workforce that understands what sustainability demands and industry needs – for the future of the industry. 2) Product innovation to bring together ideas, inventors and industry in collaboration to enable commercially viable products and services that deliver real results. 3) Business creation to help entrepreneurs and start-ups who are creating sustainable businesses to grow rapidly to contribute to the global energy ecosystem. Together, our work creates and connects the building blocks for the sustainable energy industry that Europe needs.
Act by COTEC
Technology Commercialization Accelerator (Act) is a COTEC Portugal initiative that supports the creation of technology startups and licensing. Created in 2009, but with origins that date back to 2004 (COHiTEC Program), Act aims to value tech-based knowledge generated in Portugal, and support entrepreneurs, R&D Institutions and companies to take their innovative technologies to global markets. To that end, Act uses a unique model to support technology commercialization, providing training, mentoring and facilitating access to funding throughout the projects’ development, from lab to market.