Faurecia, invests in French start-up, Enogia in order to enhance its expertise in energy recovery technology. The start-up has developed and patented an hermetic, compact high-speed turbine that recovers heat and converts it into electricity.
Founded in 2009 and based in Marseille, Enogia has a team of 30 individuals. Faurecia states the technology developed by the start-up is well suited for application in commercial vehicles, trucks and high horsepower engines (marine transport and generators), and the investment will further enable it to grow rapidly in these market segments.
Image courtesy: Enogia
Yves Dumoulin, vice president strategy, Faurecia Clean Mobility said, "Enogia's technology enables Faurecia to expand its portfolio of energy recovery solutions. We are pleased to invest in an innovative French start-up that already has several national and international achievements to its name."
Arthur Leroux, CEO, Enogia said: "Faurecia has emerged as the best partner to support our development, at a time when Enogia is posting the strongest growth of any French cleantech company. Faurecia is an industrial company that boasts leading-edge innovation in clean mobility and shares our goal of becoming the world leader in converting waste heat to electricity for transportation and industry applications."
The investment is made by Faurecia Ventures, which is part of Faurecia's innovation strategy that identifies, incubates and invests in innovative companies.