Hamburg \u2014 A private equity fund initia\u00adted by Hamburg-based family office Lennertz & Co. is taking a mino\u00adrity stake in the inno\u00adva\u00adtion leader for elec\u00adtri\u00adfi\u00adca\u00adtion tech\u00adno\u00adlogy in the commer\u00adcial vehicle sector. pepper motion GmbH is the worl\u00add\u2019s first digi\u00adtal OEM in the auto\u00admo\u00adtive indus\u00adtry for series-ready conver\u00adsion and retro\u00adfit\u00adting (retro\u00adfit\u00adting) of trucks and buses.<\/p>\n
The engi\u00adnee\u00adring company from Denken\u00addorf, Germany, successfully closed a Series A finan\u00adcing round in the amount of almost EUR 30 million at the end of March 2022. Lennertz & Co.<\/strong> was the lead inves\u00adtor with around 40% of the capi\u00adtal increase. Other inves\u00adtors include the W\u00fcrth Group<\/strong>.<\/p>\n \u201cAt pepper, as an entre\u00adpre\u00adneu\u00adrial and owner-mana\u00adged family office, we were convin\u00adced by both the unique tech\u00adno\u00adlogy in the produc\u00adtion-ready retro\u00adfit\u00adting of trucks and buses and the share\u00adhol\u00adders\u2019 engi\u00adnee\u00adring exper\u00adtise in the auto\u00admo\u00adtive sector, built up over 20 years,\u201d says Phil\u00adipp Lennertz (photo)<\/strong>, mana\u00adging part\u00adner of Lennertz & Co. \u201cIn this context, tech\u00adno\u00adlogy and service make a signi\u00adfi\u00adcant contri\u00adbu\u00adtion to achie\u00adving global climate targets. Accor\u00addin\u00adgly, we see high growth poten\u00adtial for pepper, not only in the dome\u00adstic and Euro\u00adpean markets, but also globally in a market that will grow by leaps and bounds in a very short time.\u201d<\/p>\n Capi\u00adtal for series produc\u00adtion and further markets<\/strong><\/p>\n In addi\u00adtion to the further deve\u00adlo\u00adp\u00adment of the company\u2019s proprie\u00adtary tech\u00adno\u00adlo\u00adgies, the capi\u00adtal raised is inten\u00added in parti\u00adcu\u00adlar to support the ramp-up of series produc\u00adtion with stra\u00adte\u00adgic part\u00adners and the phase of market entry in other Euro\u00adpean count\u00adries that has alre\u00adady begun. For pepper motion, Germany, France, Italy, Austria and Poland in parti\u00adcu\u00adlar are among the key markets in Europe.<\/p>\n Poten\u00adtial custo\u00admers include large exis\u00adting fleet owners, such as trans\u00adpor\u00adta\u00adtion or truck\u00ading compa\u00adnies, for whom it is diffi\u00adcult to meet the emis\u00adsi\u00adons targets requi\u00adred for their fleets by 2030. A major advan\u00adtage for pepper motion is that the company\u2019s multi-award-winning retro\u00adfit\u00adting concept is curr\u00adently conside\u00adred unbeata\u00adble on the market in terms of sustaina\u00adbi\u00adlity and total cost of ownership.<\/p>\n \u201cThe proof of concept has long been provi\u00added with our vehic\u00adles and etro\u00adfit elec\u00adtri\u00adfi\u00adca\u00adtion kits. We lead the inter\u00adna\u00adtio\u00adnal retro\u00adfit\u00adting indus\u00adtry as a trend\u00adset\u00adter and set the stan\u00addards for German engi\u00adnee\u00adring, inno\u00adva\u00adtion and quality that fleet opera\u00adtors in the public trans\u00adport and transport\/logistics sectors can rely on,\u201d says Andreas Hager, Mana\u00adging Direc\u00adtor at pepper motion.<\/p>\n About Lennertz & Co.<\/strong><\/p>\n As an entre\u00adpre\u00adneu\u00adrial and owner-mana\u00adged family office, Lennertz & Co. is exclu\u00adsi\u00advely focu\u00adsed on the success of its clients\u2019 invest\u00adments. The invest\u00adment recom\u00admen\u00adda\u00adti\u00adons are in line with the perso\u00adnal prefe\u00adrence of the clients. They bene\u00adfit from the inde\u00adpen\u00addence of Lennertz & Co. and the exclu\u00adsi\u00advity of the invest\u00adment opportunities.<\/p>\n Lennertz & Co. also has a large number of autho\u00adriza\u00adtion certi\u00adfi\u00adca\u00adtes from the German Fede\u00adral Finan\u00adcial Super\u00advi\u00adsory Autho\u00adrity (BaFin) and is thus subject to nume\u00adrous quali\u00adta\u00adtive and quan\u00adti\u00adta\u00adtive requi\u00adre\u00adments of both BaFin and the Deut\u00adsche Bundesbank.<\/p>\n Lennertz & Co. shares its clients\u2019 demand for fast, profound and secure decis\u00adi\u00adons. In order to thoroughly examine the emer\u00adging oppor\u00adtu\u00adni\u00adties in the venture and growth capi\u00adtal, private equity and block\u00adchain segments for its clients, Lennertz & Co. has a compe\u00adtent team at its dispo\u00adsal that can look back on deca\u00addes of expe\u00adri\u00adence. In addi\u00adtion, the advi\u00adsory board consists of renow\u00adned indus\u00adtry, venture capi\u00adtal and private equity experts such as Prof. Dr. Hein\u00adrich von Pierer, Prof. Dr. Klaus Wuche\u00adrer, Stefan Theis, Daniel Thung, Daniel Milleg and Florian Heinemann.<\/p>\n About pepper motion<\/strong><\/p>\n The German, priva\u00adtely finan\u00adced company with head\u00adquar\u00adters in Denken\u00addorf and offices in Garching near Munich, Pader\u00adborn and Vienna (Austria) employs more than 100 people. As the first digi\u00adtal OEM in the world (without its own warehousing and manu\u00adfac\u00adtu\u00adring), pepper offers inno\u00adva\u00adtive solu\u00adti\u00adons for the elec\u00adtri\u00adfi\u00adca\u00adtion (retro\u00adfit\u00adting) of used and new commer\u00adcial vehic\u00adles such as trucks in distri\u00adbu\u00adtion trans\u00adport, buses in local public trans\u00adport (LPT) and muni\u00adci\u00adpal vehicles.<\/p>\n With its holi\u00adstic approach exten\u00adding to tele\u00adma\u00adtics, char\u00adging infra\u00adstruc\u00adture, fleet manage\u00adment and auto\u00adno\u00admous driving, the company designs quickly imple\u00admen\u00adta\u00adble and cost-effec\u00adtive solu\u00adtion packa\u00adges for the sustainable mobi\u00adlity trans\u00adfor\u00adma\u00adtion and a \u201csecond life\u201d for exis\u00adting commer\u00adcial vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":" Hamburg \u2014 A private equity fund initia\u00adted by Hamburg-based family office Lennertz & Co. is taking a mino\u00adrity stake in the inno\u00adva\u00adtion leader for elec\u00adtri\u00adfi\u00adca\u00adtion tech\u00adno\u00adlogy in the commer\u00adcial vehicle sector. pepper motion GmbH is the worl\u00add\u2019s first digi\u00adtal OEM in the auto\u00admo\u00adtive indus\u00adtry for series-ready conver\u00adsion and retro\u00adfit\u00adting (retro\u00adfit\u00adting) of trucks and buses. The engineering [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373,1374,1375],"tags":[],"class_list":["post-39936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en","category-people-en","category-family-offices-en"],"yoast_head":"\n