22 July 2014

ENERTIME has finalized a capital increase of 1.8 M€ with SIPAREX PROXIMITE INNOVATION, CALAO FINANCE and individual investors close to the company.

After a 1.5 M€ of capital raised in the first round in 2011, this new capital increase will allow the company to invest in a turbo machinery assembly unit located in the Paris region, to advance the company’s international expansion particularly towards the Asian markets (China, India, Japan) and to prepare co-investment with partners, as plant operator in selected territories (Indian Ocean, New Caledonia and the Philippines) and any region where industrial energy efficiency and decentralized renewable energy production has become a priority.