Sunfire’s new round saw the participation of two new investors – Total Energy Ventures, the venture capital arm of the French energy group and Electranova Capital, a cleantech venture capital fund managed by Idinvest Partners.
Carl Berninghausen, CEO at Sunfire, said: “We are pleased to welcome Electranova Capital and Total Energy Ventures on board, and stand to benefit from the strategic and technical expertise of our new partners. Their investment rubberstamps the excellent work put in by our employees”
The funding will help Sunfire undertake expansion plans in Europe and beyond.
Sunfire is a developer of high-temperature fuel cells. It deals in the fields of power-to-liquids and power-to-gas.
Pierre Devillard, Principal at Electranova Capital, said: “The key factors in our decision to invest were the firm’s unique technology, their portfolio of large international clients as well as the high quality of the team”.