Lennertz & Co, an owner-managed family office, led a $32m Series A round in pepper motion, a bus company, with participation from Würth Group. “As a business-focused and owner-managed family office, what convinced us about pepper was both its unique technology in the production-ready retrofitting of buses and trucks as well as the shareholders’ engineering expertise in the automotive sector, which has been built up over a period of 20 years. In this respect, its technology and service are making a significant contribution to meeting global climate targets. Accordingly, we see high growth potential for pepper, not only in the domestic and European markets, but also globally in a market set to grow rapidly in importance in a very short space of time" Philipp Lennertz, Lennertz & Co Managing Partner.