Reverion Raises $175 Million in Series B Funding Led by Kembara

Munich/Zurich — Ener­gy­Tech company Reverion has raised over USD 175 million in its Series B funding round. — The funding round was led by Kembara, a Euro­pean growth fund focu­sed on deep tech and climate tech­no­lo­gies, as the lead inves­tor. In addi­tion to exis­ting inves­tors, new parti­ci­pants include Alli­anz, KfW Capi­tal, Aurum Impact, and Carbon Equity. Exis­ting inves­tors Extan­tia, Energy Impact Part­ners, UVC Part­ners, the Euro­pean Inno­va­tion Coun­cil Fund (EIC Fund), alfa8, and Possi­ble Ventures have parti­ci­pa­ted again. 

Under the leader­ship of Munich-based part­ner Sebas­tian Frech, GÖRG provi­ded legal coun­sel to the Ener­gy­Tech company Reverion in connec­tion with its Series B finan­cing round tota­ling USD 175 million.

Reverion builds highly effi­ci­ent fuel cell power plants that gene­rate elec­tri­city from gas, enable flexi­ble energy storage through rever­si­bi­lity, and can operate with nega­tive CO₂ emis­si­ons. With the capi­tal raised, Reverion plans to further scale up indus­trial mass produc­tion and estab­lish a new produc­tion faci­lity in Germany with an annual manu­fac­tu­ring capa­city of 250 mega­watts and up to 800 jobs. 

With the successful Series B funding round, Reverion is taking the next step in its evolu­tion from a deep-tech startup to an inter­na­tio­nally scaling tech­no­logy company. The funding is inten­ded, in parti­cu­lar, to enable large-scale indus­trial produc­tion and the expan­sion into new markets. Demand for the tech­no­logy is growing, parti­cu­larly from energy-inten­­sive indus­tries and data centers. 

Reverion, a spin-off of the Tech­ni­cal Univer­sity of Munich (TUM), has lever­a­ged deca­des of rese­arch and deve­lo­p­ment in the field of solid-oxide elec­tro­che­mi­cal cell tech­no­logy to deve­lop a highly effi­ci­ent and rever­si­ble gas-to-elec­­tri­­city system that is modu­lar, controll­able, and captures its own CO₂. The company’s products can be opera­ted with various types of gas (natu­ral gas, biogas, synthe­sis gas, hydro­gen) to gene­rate elec­tri­city with unpre­ce­den­ted effi­ci­ency and, in the reverse process, produce e‑methane—a feature that is unique worldwide. 

“For DeepT­ech compa­nies, the scaling phase is when it beco­mes clear whether tech­no­lo­gi­cal excel­lence will trans­late into an indus­tri­ally successful busi­ness model. Reverion’s Series B finan­cing is an important next step in this regard,” said Sebas­tian Frech, a part­ner at Görg.

The GÖRG team advi­ses the spin-off from the Tech­ni­cal Univer­sity of Munich not only on finan­cing matters but also on various contrac­tual and opera­tio­nal issues—particularly with regard to supplier and custo­mer contracts.

Reverion GmbH Consul­tants: GÖRG Part­ner­ship of Attor­neys mbB

Sebas­tian Frech (Lead, Part­ner, Venture Capi­tal / M&A, Munich)
Max Zeis­ler (Senior Asso­ciate, Venture Capi­tal / M&A, Munich)
Judith Burg­graf, LL.M. (Asso­ciate, Venture Capi­tal / M&A, Munich)
Moritz von Limburg, LL.M. (UCT) (Asso­ciate Part­ner, Venture Capi­tal / M&A, Munich)
Dr. Adal­bert Rödding, LL.M. (Part­ner, Tax Law, Cologne)
Dr. Karl-Georg Küsters, LL.M. (Coun­sel, Tax Law, Cologne)
Mete­han Uzun­çak­mak, LL.M. (Asso­ciate Part­ner, Anti­trust Law / Invest­ment Control, Cologne) 

About KEMBARA

Kembara provi­des capi­tal to help scale Euro­pe’s leading deep-tech compa­nies. Kembara part­ners with estab­lished science and engi­nee­ring compa­nies on the verge of a breakth­rough, leads growth rounds, and supports the deve­lo­p­ment of global market leaders. — www.KEMBARA.vc

About GOERG

GÖRG is one of Germany’s leading inde­pen­dent busi­ness law firms. — With over 370 profes­sio­nals in the fields of legal, tax, and audi­ting services across its five offices in Berlin, Frank­furt am Main, Hamburg, Colo­gne, and Munich, we advise promi­nent dome­stic and inter­na­tio­nal corpo­ra­ti­ons, medium-sized compa­nies, finan­cial inves­tors, and publicly traded corpo­ra­ti­ons across all sectors of the economy and the public sector. — www.goerg.de