Enersize listed on Nasdaq First North

Following Enersize’s fully subscribed new issue of shares, the company is now listed on the Nasdaq First North European growth market. The first day of trading was 15 June. One of Enersize’s major owners is the newly launched Scania Growth Capital.

Through its proprietary software for data acquisition and analysis, Enersize achieves energy savings of up to 30 percent in industrial compressed air systems. Industrial compressed air represents five percent of the entire world’s electricity consumption, and is used in 90 percent of all factories. Enersize shares the energy savings with the customer, which does not need to pay anything for the solution but merely shares the revenue from the savings achieved.

Enersize’s existing customers include one of the world’s largest flat-screen manufacturers and also well-known producers of vehicles and steel. Scania itself will benefit from Enersize’s solution, which can contribute to a significant reduction in energy consumption at its industrial facilities and service workshops.

The raised capital through the new issue of shares has brought an additional, SEK 27.9 million (approximately 3.03 million euro) that will be used for market acceleration as well as key recruitment for the global market launch of a fully automated analysis tool, which is currently under development. Furthermore, Enersize aims to utilise the increased capitalisation to finance a large number of new customer installations.

More information about Enersize

 

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Scania Growth Capital invests in smart factory company

Scania’s recently launched corporate venture capital fund Scania Growth Capital has made its first investment. The fund will become one of the owners of Enersize OY, which through its proprietary software for data acquisition and analysis, achieves significant energy savings in industrial compressed air systems.

“We see great potential in the company and its ability to develop in the global market for energy-efficient and sustainable industrial production, which also promotes Scania’s continued development and growth and is in line with our vision of taking the lead in sustainable transport solutions. Enersize’s solution can contribute to a significant reduction in energy consumption at Scania’s industrial facilities and service workshops,” says Daniel Wedberg, Senior Vice President and Head of Corporate Management and Venture Business, Scania.

Through its proprietary software for data acquisition and analysis, Enersize achieves energy savings of up to 30 percent in industrial compressed air systems. Industrial compressed air represents 5 percent of the entire world’s electricity consumption, and is used in 90 percent of all factories. Enersize shares the energy savings with the customer, which does not need to pay anything for the solution but merely shares the revenue from the savings achieved. Enersize’s existing customers include one of the world’s largest flat-screen manufacturers and also well-known producers of vehicles and steel. The company’s head office is in Helsinki, Finland, and it has a development office in Lund, Sweden.

“We are very pleased that Scania Growth Capital has chosen to invest in Enersize. Scania has a solid experience in the automotive and manufacturing industry, and its enthusiasm for both our business model and technology pleases us. With industrial owners on board, we strengthen our global network and strategic knowledge,” comments Christian Merheim, Chairman of Enersize Oy.

Scania Growth Capital is a corporate venture capital fund, which in invests in high-growth companies with strategic relevance to Scania and its ecosystem in the transport- and automotive industries.The fund invests in companies that enable the transformation to a more environmentally friendly transport system and in efforts to detect disruptive technologies and business models. Scania Growth Capital also creates a platform on which Scania can support motivated entrepreneurs with access to a large ecosystem, and broad and deep industry expertise. The fund is managed by an external investment company consisting of a team with extensive experience in both investments and the automotive industry. Venture capital veteran Lars-Olof Gustavsson is the chairman of Scania Growth Capital and also acts as chairman of the external investment company.

Scania Growth Capital Capital evaluates investment proposals broadly. They may include companies with products, solutions or services in digitalisation, autonomous vehicles, connectivity, hybridisation, renewable fuels and smart factory.

Scania is already active in several partnerships that drive the shift towards sustainable transport systems, both with customers, academia and other tech-companies. Scania Growth Capital will reach a segment of complementing companies, giving Scania an opportunity to tap into or promote early development and innovation that is industry-relevant, but outside its own core operations.

 

Article in Svensk Verkstad regarding SGC’s investment in Enersize (Swedish)

 

Scania launches venture capital fund

Scania launches Scania Growth Capital for investments in high-growth companies with strategic relevance to its ecosystem in the transport- and automotive industries.

Henrik Henriksson, Scania’s President and CEO, says: “Through Scania Growth Capital, Scania is looking to invest in promising, innovative and entrepreneurial companies. Gaining insight and early access to business models, technology and ideas that can change the environment in which we are active will further strengthen us in the future.”

Scania Growth Capital will be exclusively operated and advised by East Hill Equity, a team of external investment professionals with extensive experience from venture and growth capital investments as well as from the automotive industry.

Scania is already active in several partnerships that drive the shift towards sustainable transport systems, both with customers, academia and other tech-companies. This initiative reaches a segment of complementing companies, giving Scania an opportunity to tap into early development and innovation that is industry-relevant, but outside its own core operations. It also provides a platform where Scania can contribute with a large ecosystem, as well as broad and deep industry knowledge, which will add great value to the portfolio companies.

Venture capital veteran Lars-Olof Gustavsson has been appointed chairman of Scania Growth Capital and also acts as chairman of East Hill Equity. “In the ongoing technology shifts, it will be essential to select and collaborate with the companies and initiatives with the greatest potential to support Scania’s continued development and growth,” says Gustavsson. “I am looking forward to working with Scania Growth Capital in attracting the most strategic and promising companies to partner with Scania.”

Scania Growth Capital will evaluate investment proposals broadly. They may include, but are not limited to, companies with products, solutions or services in digitalisation, autonomous vehicles, connectivity, hybridisation, renewable fuels and smart factory.

Article in Dagens Industri regarding start of Scania Growth Capital (Swedish)

Article in Ny Teknik regarding start of Scania Growth Capital (Swedish)