Nuventura
Assembly Line
Sustainable switchgear technology firm Nuventura secures €25 million in Series A funding
Nuventura, a leading provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, today announces the completion of a €25 million Series A investment round. The round is led by Mirova, through its impact private equity strategy, alongside new investors Forward.one and EIC Accelerator, and existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. The funding brings total investment in Nuventura to more than €35 million.
The capital will be used towards expanding Nuventura’s product portfolio and the further development of its manufacturing capabilities around the world, as the company continues to drive the global energy industry’s transition away from harmful greenhouse gas-based technology infrastructure.