Faurecia has invested in a French start-up called Enogia in order to ramp up its expertise in energy recovery technology. Enogia has developed and patented an hermetic, compact high-speed turbine that has the capability to recover heat and convert it into electricity.
Enogia, which is based in Marseilles was established in 2009 and has a team of 30 individuals. Faurecia chose to acquire Enogia as the technology the company has developed is highly suitable for application in commercial vehicles, trucks and high horsepower engines (marine transport and generators). Faurecia’s investment in Enogia will help to accelerate Faurecia’s growth in these market segments.
Commenting on the acquisition, Yves Dumoulin, vice president strategy, Faurecia Clean Mobility said that the technology Faurecia would acquire as an outcome of the deal would allow it to expand its portfolio of energy recovery solutions. Enogia is an innovative startup that has already made a name for itself and has several national and international achievements to its credit.
Arthur Leroux, CEO, Enogia said that Faurecia emerged as the best partner in order to support the development of his company, thanks to Faurecia’s reputation as an industrial company known for its innovations in clean mobility and a shared goal of becoming a world leader in the field of converting heat to electricity for transportation applications.
Farecia made the investment in Enogia through Faurecia Ventures, which is part of Faurecia’s innovation strategy that identifies, incubates and invests in innovative companies.
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