Announced
Completed
Financials
Tags
Alternative Electricity
Private
Private Equity
Minority
France
renewable energy
Acquisition
Venture Capital
Domestic
Completed
Single Bidder
Friendly
Synopsis
Credit Mutuel Impact, an investment company, led a €25m funding round in Sweetch Energy, a renewable energy company specialising in osmotic energy, and committed to a carbon neutral world, with participation from Axeleo Capital, Demeter, Go Capital, EDF and CNR. "Producing clean, 24/7, competitive electricity is one of the main challenges toward a true energy transition. Thanks to our INOD® technology, osmotic energy has now the potential to achieve this objective. We are delighted to welcome the Révolution Environnementale et Solidaire long-term fund managed by Crédit Mutuel Impact. With this new round of financing, and with the continued support of our historic shareholders and industrial partners, we can now take another decisive step towards deploying osmotic energy globally," Nicolas Heuzé, Sweetch Energy co-founder and CEO.
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