Amminex close Series C funding with app. EUR 7 mill.
(18.9.2007) Amminex announced September 18th 2007 the successful closing of its Series C shares funding round of app. EUR 7 mill.
With the new investment Amminex has attracted international venture investors lead by UK based Conduit Ventures Ltd.. Also SEED Capital has invested additionally in this round.
Amminex provides a novel solid storage method that greatly enhances the safety of ammonia without sacrificing volumetric storage capacity, which makes it suitable for onboard installations where ammonia or hydrogen is required.
Amminex A/S develops ammonia storage and delivery systems for cleaner emissions by SCR after treatment for diesel as well as lean burn gasoline engines for the automotive industry.
Amminex also develops applications of its core technology to supply hydrogen or ammonia based compounds to fuel cells.
The funding proceeds will mainly be used to finance further testing on vehicles and mature prototypes for series production.
Please visit our portfolio description of Amminex
Company homepage www.amminex.com
Or visit Conduit Ventures Ltd.
For further information, please contact
Ulla Brockenhuus-Schack
Managing Partner
Phone: +45 45256156
E-mail:
ubs@seedcapital.dk
About Conduit Ventures Ltd.
Conduit Ventures Limited ("CVL") is an EU venture capital company which specialises in hydrogen based technologies for the generation of clean energy. They have investments in the US, Canada, Germany, Japan, Great Britain and now in Denmark. Key investors include Shell Hydrogen, Mitsubishi Corporation, Solvay, Danfoss, Johnson Matthey, National Technology Enterprise Company of Kuwait, Goldman Sachs and the Shanghai Science and Technology Investment Corporation.
(Published: 18 September 2007)