Munich\/Zurich \u2014 Ener\u00adgy\u00adTech company Reverion has raised over USD 175 million in its Series B funding round. \u2014 The funding round was led by Kembara, a Euro\u00adpean growth fund focu\u00adsed on deep tech and climate tech\u00adno\u00adlo\u00adgies, as the lead inves\u00adtor. In addi\u00adtion to exis\u00adting inves\u00adtors, new parti\u00adci\u00adpants include Alli\u00adanz, KfW Capi\u00adtal, Aurum Impact, and Carbon Equity. Exis\u00adting inves\u00adtors Extan\u00adtia, Energy Impact Part\u00adners, UVC Part\u00adners, the Euro\u00adpean Inno\u00adva\u00adtion Coun\u00adcil Fund (EIC Fund), alfa8, and Possi\u00adble Ventures have parti\u00adci\u00adpa\u00adted again. <\/p>\n
Under the leader\u00adship of Munich-based part\u00adner Sebas\u00adtian Frech, G\u00d6RG<\/strong> provi\u00added legal coun\u00adsel to the Ener\u00adgy\u00adTech company Reverion in connec\u00adtion with its Series B finan\u00adcing round tota\u00adling USD 175 million.<\/p>\n Reverion<\/strong> builds highly effi\u00adci\u00adent fuel cell power plants that gene\u00adrate elec\u00adtri\u00adcity from gas, enable flexi\u00adble energy storage through rever\u00adsi\u00adbi\u00adlity, and can operate with nega\u00adtive CO\u2082 emis\u00adsi\u00adons. With the capi\u00adtal raised, Reverion plans to further scale up indus\u00adtrial mass produc\u00adtion and estab\u00adlish a new produc\u00adtion faci\u00adlity in Germany with an annual manu\u00adfac\u00adtu\u00adring capa\u00adcity of 250 mega\u00adwatts and up to 800 jobs. <\/p>\n With the successful Series B funding round, Reverion is taking the next step in its evolu\u00adtion from a deep-tech startup to an inter\u00adna\u00adtio\u00adnally scaling tech\u00adno\u00adlogy company. The funding is inten\u00added, in parti\u00adcu\u00adlar, to enable large-scale indus\u00adtrial produc\u00adtion and the expan\u00adsion into new markets. Demand for the tech\u00adno\u00adlogy is growing, parti\u00adcu\u00adlarly from energy-inten\u00adsive indus\u00adtries and data centers. <\/p>\n Reverion, a spin-off of the Tech\u00adni\u00adcal Univer\u00adsity of Munich (TUM), has lever\u00ada\u00adged deca\u00addes of rese\u00adarch and deve\u00adlo\u00adp\u00adment in the field of solid-oxide elec\u00adtro\u00adche\u00admi\u00adcal cell tech\u00adno\u00adlogy to deve\u00adlop a highly effi\u00adci\u00adent and rever\u00adsi\u00adble gas-to-elec\u00adtri\u00adcity system that is modu\u00adlar, controll\u00adable, and captures its own CO\u2082. The company\u2019s products can be opera\u00adted with various types of gas (natu\u00adral gas, biogas, synthe\u00adsis gas, hydro\u00adgen) to gene\u00adrate elec\u00adtri\u00adcity with unpre\u00adce\u00adden\u00adted effi\u00adci\u00adency and, in the reverse process, produce e\u2011methane\u2014a feature that is unique worldwide. <\/p>\n \u201cFor DeepT\u00adech compa\u00adnies, the scaling phase is when it beco\u00admes clear whether tech\u00adno\u00adlo\u00adgi\u00adcal excel\u00adlence will trans\u00adlate into an indus\u00adtri\u00adally successful busi\u00adness model. Reverion\u2019s Series B finan\u00adcing is an important next step in this regard,\u201d said Sebas\u00adtian Frech, a part\u00adner at G\u00f6rg<\/strong>.<\/p>\n The G\u00d6RG team advi\u00adses the spin-off from the Tech\u00adni\u00adcal Univer\u00adsity of Munich not only on finan\u00adcing matters but also on various contrac\u00adtual and opera\u00adtio\u00adnal issues\u2014particularly with regard to supplier and custo\u00admer contracts.<\/p>\n Reverion GmbH Consul\u00adtants: G\u00d6RG Part\u00adner\u00adship of Attor\u00adneys mbB About KEMBARA<\/strong><\/p>\n Kembara provi\u00addes capi\u00adtal to help scale Euro\u00adpe\u2019s leading deep-tech compa\u00adnies. Kembara part\u00adners with estab\u00adlished science and engi\u00adnee\u00adring compa\u00adnies on the verge of a breakth\u00adrough, leads growth rounds, and supports the deve\u00adlo\u00adp\u00adment of global market leaders. \u2014 www.KEMBARA.vc <\/p>\n About GOERG<\/strong><\/p>\n G\u00d6RG is one of Germany\u2019s leading inde\u00adpen\u00addent busi\u00adness law firms. \u2014 With over 370 profes\u00adsio\u00adnals in the fields of legal, tax, and audi\u00adting services across its five offices in Berlin, Frank\u00adfurt am Main, Hamburg, Colo\u00adgne, and Munich, we advise promi\u00adnent dome\u00adstic and inter\u00adna\u00adtio\u00adnal corpo\u00adra\u00adti\u00adons, medium-sized compa\u00adnies, finan\u00adcial inves\u00adtors, and publicly traded corpo\u00adra\u00adti\u00adons across all sectors of the economy and the public sector. \u2014 www.goerg.de <\/p>\n \n<\/p>","protected":false},"excerpt":{"rendered":" Munich\/Zurich \u2014 Ener\u00adgy\u00adTech company Reverion has raised over USD 175 million in its Series B funding round. \u2014 The funding round was led by Kembara, a Euro\u00adpean growth fund focu\u00adsed on deep tech and climate tech\u00adno\u00adlo\u00adgies, as the lead inves\u00adtor. In addi\u00adtion to exis\u00adting inves\u00adtors, new parti\u00adci\u00adpants include Alli\u00adanz, KfW Capi\u00adtal, Aurum Impact, and Carbon [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\n<\/strong>
\nSebas\u00adtian Frech<\/strong> (Lead, Part\u00adner, Venture Capi\u00adtal \/ M&A, Munich)
\nMax Zeis\u00adler (Senior Asso\u00adciate, Venture Capi\u00adtal \/ M&A, Munich)
\nJudith Burg\u00adgraf, LL.M. (Asso\u00adciate, Venture Capi\u00adtal \/ M&A, Munich)
\nMoritz von Limburg, LL.M. (UCT) (Asso\u00adciate Part\u00adner, Venture Capi\u00adtal \/ M&A, Munich)
\nDr. Adal\u00adbert R\u00f6dding, LL.M. (Part\u00adner, Tax Law, Cologne)
\nDr. Karl-Georg K\u00fcsters, LL.M. (Coun\u00adsel, Tax Law, Cologne)
\nMete\u00adhan Uzun\u00ad\u00e7ak\u00admak, LL.M. (Asso\u00adciate Part\u00adner, Anti\u00adtrust Law \/ Invest\u00adment Control, Cologne) <\/p>\n